ZoomInfo Technologies (NASDAQ:ZI) Stock Price Down 1.8% – Here’s What Happened

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s share price dropped 1.8% on Tuesday. The company traded as low as $4.16 and last traded at $4.27. Approximately 3,455,392 shares traded hands during trading, a decline of 41% from the average session volume of 5,888,070 shares. The stock had previously closed at $4.35.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ZI shares. DA Davidson set a $4.25 price objective on shares of ZoomInfo Technologies in a report on Monday, September 28th. UBS Group reaffirmed a “neutral” rating and issued a $4.50 price target on shares of ZoomInfo Technologies in a research report on Thursday, August 6th. Finally, Needham & Company LLC restated a “buy” rating on shares of ZoomInfo Technologies in a report on Thursday, October 1st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, ZoomInfo Technologies has an average rating of “Reduce” and an average price target of $5.19.

ZoomInfo Technologies Stock Down 1.8%

The stock has a 50-day moving average of $3.94 and a 200-day moving average of $4.94. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.46 billion, a PE ratio of 142.38, a P/E/G ratio of 13.05 and a beta of 1.02.

Institutional Investors Weigh In On ZoomInfo Technologies

An institutional investor recently bought a new stake in ZoomInfo Technologies stock. Valueworks LLC acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $586,000. Valueworks LLC owned 0.06% of ZoomInfo Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.