ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Average Rating of “Hold” from Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI) has earned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.3750.

Separately, KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th.

Institutional Investors Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZI. Baird Financial Group Inc. lifted its position in ZoomInfo Technologies by 32.7% during the first quarter. Baird Financial Group Inc. now owns 25,286 shares of the company’s stock worth $253,000 after buying an additional 6,235 shares in the last quarter. Royal Bank of Canada increased its stake in shares of ZoomInfo Technologies by 3,837.2% in the 1st quarter. Royal Bank of Canada now owns 290,131 shares of the company’s stock worth $2,902,000 after acquiring an additional 282,762 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of ZoomInfo Technologies in the 1st quarter worth $111,000. Goldman Sachs Group Inc. raised its holdings in shares of ZoomInfo Technologies by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 607,625 shares of the company’s stock worth $6,076,000 after acquiring an additional 64,109 shares during the period. Finally, United Services Automobile Association purchased a new position in shares of ZoomInfo Technologies during the 1st quarter worth $187,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Down 0.5%

ZI stock opened at $6.56 on Monday. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $13.39. The business’s 50-day moving average is $8.12 and its 200 day moving average is $9.70. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 218.74, a PEG ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.