ZoomInfo Technologies (NASDAQ:ZI) Stock Price Up 5.5% – Time to Buy?

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) traded up 5.5% during mid-day trading on Tuesday . The stock traded as high as $3.22 and last traded at $3.08. 10,942,272 shares traded hands during mid-day trading, an increase of 86% from the average session volume of 5,888,070 shares. The stock had previously closed at $2.92.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZI. Jefferies Financial Group downgraded shares of ZoomInfo Technologies from a “buy” rating to a “reduce” rating and set a $4.00 price objective for the company. in a research note on Thursday, May 21st. UBS Group downgraded ZoomInfo Technologies from an “underperform” rating to a “hold” rating in a research report 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 stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $6.00.

ZoomInfo Technologies Stock Up 2.0%

The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50 day moving average is $3.40 and its two-hundred day moving average is $5.86. The firm has a market capitalization of $1.05 billion, a P/E ratio of 102.70, a PEG ratio of 13.05 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at about $90,000. Cubist Systematic Strategies LLC acquired a new stake in ZoomInfo Technologies in the 1st quarter valued at about $111,000. Certuity LLC bought a new position in ZoomInfo Technologies during the third quarter worth about $129,000. Vise Technologies Inc. grew its holdings in ZoomInfo Technologies by 26.1% during the third quarter. Vise Technologies Inc. now owns 13,006 shares of the company’s stock worth $142,000 after purchasing an additional 2,690 shares during the period. Finally, Caxton Associates LLP acquired a new position in ZoomInfo Technologies during the second quarter worth approximately $149,000. Institutional investors 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.