ZoomInfo Technologies (NASDAQ:ZI) Trading 3.7% Higher – Here’s What Happened

by · The Markets Daily

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

Analyst Ratings Changes

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

Get Our Latest Report on ZoomInfo Technologies

ZoomInfo Technologies Stock Up 3.7%

The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50-day simple moving average is $5.35 and its two-hundred day simple moving average is $7.44. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 111.04, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its stake in ZoomInfo Technologies by 88.6% during the second quarter. AQR Capital Management LLC now owns 10,197,526 shares of the company’s stock worth $103,199,000 after purchasing an additional 4,789,566 shares during the period. Glenview Capital Management LLC raised its stake in ZoomInfo Technologies by 28.1% during the second quarter. Glenview Capital Management LLC now owns 16,381,399 shares of the company’s stock worth $165,780,000 after purchasing an additional 3,594,599 shares during the period. LSV Asset Management raised its stake in ZoomInfo Technologies by 64.2% during the third quarter. LSV Asset Management now owns 7,506,629 shares of the company’s stock worth $81,897,000 after purchasing an additional 2,936,229 shares during the period. RPD Fund Management LLC raised its stake in ZoomInfo Technologies by 23.4% during the second quarter. RPD Fund Management LLC now owns 7,338,600 shares of the company’s stock worth $74,267,000 after purchasing an additional 1,393,129 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in ZoomInfo Technologies by 13.4% during the third quarter. Dimensional Fund Advisors LP now owns 10,488,498 shares of the company’s stock worth $114,449,000 after purchasing an additional 1,241,776 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Company Profile

(Get Free Report)

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.

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