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

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.3077.

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

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Bancorp USA Inc. bought a new stake in ZoomInfo Technologies in the third quarter valued at $5,419,000. Creative Planning lifted its position in shares of ZoomInfo Technologies by 24.4% in the 3rd quarter. Creative Planning now owns 49,045 shares of the company’s stock worth $535,000 after purchasing an additional 9,605 shares during the period. Ossiam bought a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at about $1,030,000. Caption Management LLC bought a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at about $829,000. Finally, iSAM Funds UK Ltd increased its position in shares of ZoomInfo Technologies by 31.8% during the third quarter. iSAM Funds UK Ltd now owns 28,144 shares of the company’s stock valued at $307,000 after buying an additional 6,785 shares during the period. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $8.76 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The firm has a market cap of $3.00 billion, a PE ratio of 292.10, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The business has a 50 day moving average price of $9.90 and a 200-day moving average price of $10.44.

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.