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

ZoomInfo Technologies Inc. (NASDAQ:ZI) has received an average rating of “Hold” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $11.3077.

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

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new stake in ZoomInfo Technologies in the 3rd quarter worth approximately $5,419,000. Creative Planning lifted its stake in shares of 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 purchasing an additional 9,605 shares during the period. Ossiam acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth $1,030,000. Caption Management LLC purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at $829,000. Finally, iSAM Funds UK Ltd increased its stake in ZoomInfo Technologies by 31.8% in the third quarter. iSAM Funds UK Ltd now owns 28,144 shares of the company’s stock valued at $307,000 after purchasing an additional 6,785 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $9.95 on Wednesday. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $13.39. The stock has a market cap of $3.41 billion, a P/E ratio of 331.78, a PEG 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 $10.28 and a two-hundred day moving average of $10.45.

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.