ZoomInfo Technologies Inc. (NASDAQ:ZI) Receives Consensus Recommendation of “Hold” from Analysts

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

ZI has been the subject of several recent analyst reports. Daiwa Capital Markets cut shares of ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $15.00 to $9.00 in a report on Tuesday, August 13th. Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday. Piper Sandler upped their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays dropped their price objective on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th.

ZoomInfo Technologies Stock Performance

Shares of ZoomInfo Technologies stock opened at $10.58 on Friday. The firm has a market cap of $3.86 billion, a PE ratio of 352.78, a price-to-earnings-growth ratio of 8.00 and a beta of 1.03. The firm’s 50-day simple moving average is $10.50 and its 200-day simple moving average is $11.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of ZoomInfo Technologies by 27.7% during the third 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 during the period. Pacer Advisors Inc. raised its position in shares of ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock worth $85,421,000 after purchasing an additional 6,611,160 shares during the period. Marshall Wace LLP bought a new position in shares of ZoomInfo Technologies during the second quarter worth about $73,435,000. Maverick Capital Ltd. bought a new position in shares of ZoomInfo Technologies during the third quarter worth about $44,248,000. Finally, Delta Global Management LP grew its holdings in shares of ZoomInfo Technologies by 280.1% during the first quarter. Delta Global Management LP now owns 2,593,618 shares of the company’s stock worth $41,576,000 after buying an additional 1,911,221 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.