ZoomInfo Technologies (NASDAQ:ZI) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

ZoomInfo Technologies Inc. (NASDAQ:ZI) shares passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $4.00 and traded as low as $3.43. ZoomInfo Technologies shares last traded at $3.4850, with a volume of 6,377,206 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZI shares. UBS Group reaffirmed a “neutral” rating and set a $4.50 price target on shares of ZoomInfo Technologies in a research note on Thursday, August 6th. DA Davidson set a $4.25 price objective on ZoomInfo Technologies in a research note on Monday, September 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $8.00 target price on shares of ZoomInfo Technologies in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and an average target price of $5.19.

ZoomInfo Technologies Stock Performance

The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 116.21, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The stock has a 50-day moving average of $4.00 and a 200-day moving average of $4.70. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ZoomInfo Technologies stock. Valueworks LLC acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 currently owned by hedge funds and other institutional investors.

About ZoomInfo Technologies

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.