ZoomInfo Technologies (NASDAQ:ZI) Trading 4.9% Higher – Should You Buy?

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s stock price shot up 4.9% during trading on Monday . The stock traded as high as $2.88 and last traded at $2.81. 19,859,702 shares were traded during mid-day trading, an increase of 237% from the average session volume of 5,888,070 shares. The stock had previously closed at $2.68.

Analysts Set New Price Targets

A number of brokerages have weighed in on ZI. Jefferies Financial Group lowered shares of ZoomInfo Technologies from a “buy” rating to a “reduce” rating and set a $4.00 target price on the stock. in a research report on Thursday, May 21st. UBS Group cut ZoomInfo Technologies from an “underperform” rating to a “hold” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $6.00.

ZoomInfo Technologies Stock Performance

The firm has a market capitalization of $961.84 million, a P/E ratio of 93.70, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. 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 company has a 50-day moving average of $4.47 and a 200-day moving average of $6.71.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds have recently made changes to their positions in the stock. Glenview Capital Management LLC lifted its stake in shares of ZoomInfo Technologies by 28.1% in the second quarter. Glenview Capital Management LLC now owns 16,381,399 shares of the company’s stock worth $165,780,000 after acquiring an additional 3,594,599 shares during the period. Dimensional Fund Advisors LP increased its position in ZoomInfo Technologies by 13.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,488,498 shares of the company’s stock valued at $114,449,000 after purchasing an additional 1,241,776 shares during the period. AQR Capital Management LLC increased its position in ZoomInfo Technologies by 88.6% during the 2nd quarter. AQR Capital Management LLC now owns 10,197,526 shares of the company’s stock valued at $103,199,000 after purchasing an additional 4,789,566 shares during the period. State Street Corp raised its holdings in ZoomInfo Technologies by 1.5% during the 2nd quarter. State Street Corp now owns 8,703,692 shares of the company’s stock worth $88,081,000 after purchasing an additional 129,548 shares during the last quarter. Finally, RPD Fund Management LLC raised its holdings in ZoomInfo Technologies by 23.4% during the 2nd quarter. RPD Fund Management LLC now owns 7,338,600 shares of the company’s stock worth $74,267,000 after purchasing an additional 1,393,129 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.