ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Average Recommendation of “Hold” by Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $11.3077.

A number of analysts have recently weighed in on ZI shares. Needham & Company LLC reaffirmed a “buy” rating on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Jefferies Financial Group reissued a “buy” rating and set a $16.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. Finally, Royal Bank Of Canada reissued an “underperform” rating and issued a $8.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th.

ZoomInfo Technologies Stock Performance

ZI stock opened at $9.04 on Friday. The company has a 50-day simple moving average of $10.03 and a 200 day simple moving average of $10.48. The company has a market capitalization of $3.09 billion, a P/E ratio of 301.27, a PEG ratio of 13.05 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $13.39.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Fielder Capital Group LLC grew its stake in ZoomInfo Technologies by 7.7% during the 2nd quarter. Fielder Capital Group LLC now owns 13,406 shares of the company’s stock valued at $136,000 after acquiring an additional 959 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of ZoomInfo Technologies by 15.1% during the third quarter. True Wealth Design LLC now owns 7,945 shares of the company’s stock worth $87,000 after purchasing an additional 1,042 shares during the period. Securian Asset Management Inc. boosted its holdings in shares of ZoomInfo Technologies by 6.1% during the third quarter. Securian Asset Management Inc. now owns 20,999 shares of the company’s stock worth $229,000 after purchasing an additional 1,211 shares during the period. Hantz Financial Services Inc. grew its position in ZoomInfo Technologies by 124.8% during the third quarter. Hantz Financial Services Inc. now owns 2,270 shares of the company’s stock valued at $25,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in ZoomInfo Technologies by 5.6% in the 2nd quarter. Lazard Asset Management LLC now owns 27,570 shares of the company’s stock valued at $278,000 after buying an additional 1,452 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

About ZoomInfo Technologies

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.