ZoomInfo Technologies Target of Unusually Large Options Trading (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw unusually large options trading activity on Wednesday. Stock traders bought 21,315 put options on the stock. This represents an increase of approximately 242% compared to the average daily volume of 6,238 put options.

Analyst Ratings Changes

Several equities research analysts have commented on ZI shares. Stifel Nicolaus decreased their target price on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp lowered their target price on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday. Bank of America upgraded shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $25.00 in a research report on Monday, January 29th. Canaccord Genuity Group lowered their price target on ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Truist Financial lifted their price objective on ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $19.10.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Trust lifted its position in shares of ZoomInfo Technologies by 5.9% during the fourth quarter. American Trust now owns 11,326 shares of the company’s stock worth $209,000 after purchasing an additional 628 shares during the last quarter. Fifth Third Bancorp lifted its holdings in ZoomInfo Technologies by 64.2% during the 4th quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock worth $31,000 after buying an additional 646 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of ZoomInfo Technologies by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock worth $5,963,000 after acquiring an additional 976 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of ZoomInfo Technologies by 0.5% in the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock valued at $3,691,000 after acquiring an additional 1,143 shares during the last quarter. Finally, 49 Wealth Management LLC raised its position in shares of ZoomInfo Technologies by 11.3% during the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company’s stock valued at $214,000 after acquiring an additional 1,360 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Performance

Shares of ZI stock opened at $12.14 on Thursday. The company’s fifty day simple moving average is $16.01 and its 200-day simple moving average is $15.89. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies has a 52 week low of $11.67 and a 52 week high of $30.16. The company has a market cap of $4.61 billion, a PE ratio of 44.96, a P/E/G ratio of 4.28 and a beta of 1.13.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The business had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. During the same period last year, the business posted $0.13 EPS. The company’s revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current year.

About ZoomInfo Technologies

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.