ZoomInfo Technologies (NASDAQ:ZI) Trading Up 4.9% – Time to Buy?

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s stock price rose 4.9% during trading on Tuesday . The stock traded as high as $8.32 and last traded at $8.40. Approximately 375,365 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 7,250,884 shares. The stock had previously closed at $8.00.

Wall Street Analyst Weigh In

ZI has been the topic of several analyst reports. Morgan Stanley increased their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. DA Davidson cut their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday. Piper Sandler upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Finally, Barclays raised their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and an average price target of $11.74.

ZoomInfo Technologies Stock Performance

The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 272.09, a PEG ratio of 13.05 and a beta of 1.00. The stock’s 50 day moving average is $10.12 and its two-hundred day moving average is $10.39.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). The company had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Analysts anticipate that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ZI. Handelsbanken Fonder AB raised its stake in shares of ZoomInfo Technologies by 14.9% during the 1st quarter. Handelsbanken Fonder AB now owns 80,000 shares of the company’s stock worth $800,000 after buying an additional 10,400 shares in the last quarter. SG Americas Securities LLC lifted its holdings in ZoomInfo Technologies by 138.4% in the first quarter. SG Americas Securities LLC now owns 86,271 shares of the company’s stock valued at $863,000 after acquiring an additional 50,081 shares during the period. GAMMA Investing LLC boosted its position in shares of ZoomInfo Technologies by 28.8% during the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock worth $66,000 after purchasing an additional 1,484 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of ZoomInfo Technologies during the 1st quarter worth $575,000. Finally, UMB Bank n.a. increased its holdings in shares of ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company’s stock valued at $34,000 after purchasing an additional 1,889 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Company Profile

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.