ZoomInfo Technologies Inc. (NASDAQ:ZI) Given Consensus Rating of “Hold” by Analysts

ZoomInfo Technologies Inc. (NASDAQ:ZI) has been given a consensus rating of “Hold” by the twenty-one research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $12.84.

Several brokerages have weighed in on ZI. Barclays dropped their price objective on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company reduced their price target on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Finally, Truist Financial dropped their price objective on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $10.58 on Friday. The stock has a market cap of $3.86 billion, a P/E ratio of 352.78, a PEG ratio of 8.00 and a beta of 1.03. The stock has a 50 day simple moving average of $10.50 and a 200 day simple moving average of $11.36. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39.

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after purchasing an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. lifted its stake in ZoomInfo Technologies by 38.7% in the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after purchasing an additional 2,585,631 shares during the last quarter. Marshall Wace LLP bought a new stake in ZoomInfo Technologies in the second quarter worth about $73,435,000. Maverick Capital Ltd. bought a new stake in ZoomInfo Technologies in the third quarter worth about $44,248,000. Finally, Bank of New York Mellon Corp increased its position in shares of ZoomInfo Technologies by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock worth $42,005,000 after acquiring an additional 223,669 shares during the period. 95.47% of the stock is owned by institutional investors.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.