ZoomInfo Technologies (NASDAQ:ZI) Shares Down 1.8% – Time to Sell?

ZoomInfo Technologies Inc. (NASDAQ:ZI) shares fell 1.8% on Tuesday. The stock traded as low as $4.16 and last traded at $4.27. Approximately 3,455,392 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 5,888,070 shares. The stock had previously closed at $4.35.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZI. DA Davidson set a $4.25 target price on ZoomInfo Technologies in a research note on Monday, September 28th. Needham & Company LLC reaffirmed a “buy” rating on shares of ZoomInfo Technologies in a research note on Thursday, October 1st. Finally, UBS Group reiterated a “neutral” rating and set a $4.50 price target on shares of ZoomInfo Technologies in a research report on Thursday, August 6th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $5.19.

ZoomInfo Technologies Price Performance

The company has a market cap of $1.46 billion, a P/E ratio of 142.38, a PEG ratio of 13.05 and a beta of 1.02. The company has a fifty day moving average price of $3.94 and a two-hundred day moving average price of $4.94. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Hedge Funds Weigh In On ZoomInfo Technologies

An institutional investor recently bought a new position in ZoomInfo Technologies stock. Valueworks LLC bought a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $586,000. Valueworks LLC owned about 0.06% of ZoomInfo Technologies as of its most recent SEC filing. 95.47% of the stock is 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.