ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives $11.31 Average Price Target from Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI) has received an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $11.3077.

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

ZoomInfo Technologies Trading Down 3.3%

NASDAQ:ZI opened at $8.82 on Friday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 294.10, a PEG ratio of 13.05 and a beta of 1.02. 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 1 year low of $7.01 and a 1 year high of $13.39. The business has a fifty day moving average of $9.88 and a 200-day moving average of $10.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZI. Hantz Financial Services Inc. raised its position in ZoomInfo Technologies by 124.8% in the third quarter. Hantz Financial Services Inc. now owns 2,270 shares of the company’s stock worth $25,000 after acquiring an additional 1,260 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $27,000. Parallel Advisors LLC grew its stake in shares of ZoomInfo Technologies by 143.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,199 shares of the company’s stock worth $32,000 after purchasing an additional 1,886 shares during the last quarter. Allworth Financial LP raised its holdings in shares of ZoomInfo Technologies by 980.2% in the 2nd quarter. Allworth Financial LP now owns 3,327 shares of the company’s stock worth $34,000 after purchasing an additional 3,019 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in ZoomInfo Technologies by 3,863.1% during the third quarter. SJS Investment Consulting Inc. now owns 4,082 shares of the company’s stock valued at $45,000 after purchasing an additional 3,979 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

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.