ZoomInfo Technologies (NASDAQ:ZI) Shares Up 4% – What’s Next?

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s stock price traded up 4% during mid-day trading on Tuesday . The stock traded as high as $13.17 and last traded at $13.16. 6,619,847 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 6,723,981 shares. The stock had previously closed at $12.65.

Wall Street Analysts Forecast Growth

ZI has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Raymond James lowered ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered 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. Barclays cut their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their price target on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.61.

ZoomInfo Technologies Stock Up 3.4 %

The firm’s 50 day moving average is $10.42 and its two-hundred day moving average is $11.39. The firm has a market capitalization of $4.78 billion, a P/E ratio of 316.25, a PEG ratio of 7.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in ZoomInfo Technologies by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company’s stock valued at $22,642,000 after acquiring an additional 29,733 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after buying an additional 2,585,631 shares during the period. Primecap Management Co. CA boosted its holdings in ZoomInfo Technologies by 97.6% in the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after acquiring an additional 1,267,171 shares in the last quarter. KBC Group NV lifted its holdings in shares of ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after purchasing an additional 2,635 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in ZoomInfo Technologies by 83.4% in the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after buying an additional 74,455 shares in the last quarter. Institutional investors 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.