ZoomInfo Technologies (NASDAQ:ZI) Shares Cross Below 50-Day Moving Average – Time to Sell?

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s stock price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $4.00 and traded as low as $3.43. ZoomInfo Technologies shares last traded at $3.4850, with a volume of 6,377,206 shares traded.

Analysts Set New Price Targets

ZI has been the subject of a number of recent research reports. UBS Group reissued a “neutral” rating and set a $4.50 price target on shares of ZoomInfo Technologies in a research report on Thursday, August 6th. DA Davidson set a $4.25 price objective on shares of ZoomInfo Technologies in a report on Monday, September 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of ZoomInfo Technologies in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.19.

ZoomInfo Technologies Price Performance

The firm has a market cap of $1.20 billion, a PE ratio of 116.71, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock has a 50 day simple moving average of $4.00 and a two-hundred day simple moving average of $4.70. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Institutional Inflows and Outflows

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

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.