ZoomInfo Technologies (NASDAQ:ZI) Shares Up 5.5% – Should You Buy?
by Tristan Rich · The Markets DailyShares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Free Report) traded up 5.5% during trading on Tuesday . The stock traded as high as $3.22 and last traded at $3.08. 10,942,272 shares changed hands during trading, an increase of 86% from the average daily volume of 5,888,070 shares. The stock had previously closed at $2.92.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. UBS Group cut shares of ZoomInfo Technologies from an “underperform” rating to a “hold” rating in a report on Thursday, May 21st. Jefferies Financial Group downgraded ZoomInfo Technologies from a “buy” rating to a “reduce” rating and set a $4.00 price target for the company. in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $6.00.
Get Our Latest Research Report on ZoomInfo Technologies
ZoomInfo Technologies Stock Performance
The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 102.70, a P/E/G ratio of 13.05 and a beta of 1.02. The stock has a 50 day moving average of $3.47 and a 200 day moving average of $5.91.
Institutional Investors Weigh In On ZoomInfo Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZI. CIBC Bancorp USA Inc. acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter worth $5,419,000. Creative Planning grew its position in ZoomInfo Technologies by 24.4% during the 3rd quarter. Creative Planning now owns 49,045 shares of the company’s stock worth $535,000 after acquiring an additional 9,605 shares during the last quarter. Ossiam bought a new stake in shares of ZoomInfo Technologies during the third quarter worth about $1,030,000. Caption Management LLC acquired a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $829,000. Finally, iSAM Funds UK Ltd grew its holdings in ZoomInfo Technologies by 31.8% during the 3rd quarter. iSAM Funds UK Ltd now owns 28,144 shares of the company’s stock worth $307,000 after acquiring an additional 6,785 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.
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.