ZoomInfo Technologies (NASDAQ:ZI) Stock Price Up 3.7% – Time to Buy?

ZoomInfo Technologies Inc. (NASDAQ:ZI) shares traded up 3.7% on Monday . The stock traded as high as $3.43 and last traded at $3.33. 18,754,545 shares changed hands during mid-day trading, an increase of 219% from the average session volume of 5,888,071 shares. The stock had previously closed at $3.21.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of ZoomInfo Technologies from a “buy” rating to a “reduce” rating and set a $4.00 price target for the company. in a research report on Thursday, May 21st. UBS Group cut shares of ZoomInfo Technologies from an “underperform” rating to a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $6.00.

ZoomInfo Technologies Stock Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $1.17 billion, a P/E ratio of 114.20, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The firm’s 50 day moving average is $5.35 and its 200 day moving average is $7.44.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Hantz Financial Services Inc. raised its stake in shares of ZoomInfo Technologies by 124.8% during the 3rd 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. Lazard Asset Management LLC raised its stake in shares of ZoomInfo Technologies by 5.6% during the 2nd quarter. Lazard Asset Management LLC now owns 27,570 shares of the company’s stock worth $278,000 after acquiring an additional 1,452 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of ZoomInfo Technologies by 4.2% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 52,561 shares of the company’s stock worth $573,000 after acquiring an additional 2,111 shares in the last quarter. Xponance Inc. raised its stake in shares of ZoomInfo Technologies by 6.7% during the 3rd quarter. Xponance Inc. now owns 37,538 shares of the company’s stock worth $410,000 after acquiring an additional 2,357 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $27,000. Institutional investors own 95.47% of the company’s stock.

About ZoomInfo Technologies

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.