ZoomInfo Technologies (NASDAQ:ZI) Shares Down 1.8% - Time to Sell?

Key Points

• ZoomInfo shares fell 1.8% to $4.27 in mid-day trading, with volume about 41% below the daily average.
• Analyst sentiment is cautious: the stock has a consensus rating of “Reduce”, with one Buy, two Hold, and two Sell ratings. The average price target is $5.19.
• ZoomInfo has a $1.46 billion market capitalization and elevated valuation metrics, including a P/E ratio of 142.38 and PEG ratio of 13.05; institutional investors own 95.47% of outstanding shares.

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) shares fell 1.8% on Tuesday. The stock traded as low as $4.16 and last traded at $4.27. Approximately 3,455,392 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 5,888,070 shares. The stock had previously closed at $4.35.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ZI. DA Davidson set a $4.25 target price on ZoomInfo Technologies in a research note on Monday, September 28th. Needham & Company LLC reaffirmed a "buy" rating on shares of ZoomInfo Technologies in a research note on Thursday, October 1st. Finally, UBS Group reiterated a "neutral" rating and set a $4.50 price target on shares of ZoomInfo Technologies in a research report on Thursday, August 6th. One 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. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $5.19.

ZoomInfo Technologies Price Performance

The company has a market cap of $1.46 billion, a P/E ratio of 142.38, a PEG ratio of 13.05 and a beta of 1.02. The company has a fifty day moving average price of $3.94 and a two-hundred day moving average price of $4.94. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Hedge Funds Weigh In On ZoomInfo Technologies

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.