ZoomInfo Technologies (NASDAQ:ZI) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

ZoomInfo Technologies Inc. (NASDAQ:ZI) crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $4.00 and traded as low as $3.43. ZoomInfo Technologies shares last traded at $3.4850, with a volume of 6,377,206 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating and set a $4.50 price target on shares of ZoomInfo Technologies in a research note on Thursday, August 6th. DA Davidson set a $4.25 price target on shares of ZoomInfo Technologies in a research report on Monday, September 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $8.00 target price on shares of ZoomInfo Technologies in a research report on Thursday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.19.

ZoomInfo Technologies Price Performance

The company has a market cap of $1.19 billion, a PE ratio of 116.21, a PEG ratio of 13.05 and a beta of 1.02. The company’s 50-day simple moving average is $4.00 and its 200 day simple moving average is $4.70. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Institutional Investors Weigh In On ZoomInfo Technologies

An institutional investor recently bought a new position in ZoomInfo Technologies stock. Valueworks LLC purchased a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $586,000. Valueworks LLC owned approximately 0.06% of ZoomInfo Technologies at the end of the most recent quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc is a business-to-business intelligence and go-to-market software company. Its platform helps organizations identify potential customers, understand companies and decision-makers, and manage sales and marketing activities. The company primarily serves sales, marketing, recruiting, operations and other revenue-focused teams.

ZoomInfo’s products include a database of business and professional information, buyer-intent data, company and contact insights, sales engagement tools, marketing automation and orchestration capabilities, and workflow solutions.