Short Interest in ZoomInfo Technologies Inc. (NASDAQ:ZI) Rises By 26.5%

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 19,090,000 shares, an increase of 26.5% from the March 31st total of 15,090,000 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average trading volume of 6,940,000 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently modified their holdings of the company. Jericho Capital Asset Management L.P. bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth about $116,622,000. Deutsche Bank AG grew its holdings in shares of ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock worth $107,506,000 after purchasing an additional 10,181,253 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of ZoomInfo Technologies by 35.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock valued at $63,999,000 after purchasing an additional 1,591,960 shares during the period. Dimensional Fund Advisors LP lifted its position in ZoomInfo Technologies by 67.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock worth $55,029,000 after purchasing an additional 2,118,297 shares during the period. Finally, Hood River Capital Management LLC acquired a new stake in ZoomInfo Technologies during the fourth quarter worth $48,336,000. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Up 4.3 %

ZI stock opened at $9.00 on Friday. The firm has a 50 day simple moving average of $9.63 and a 200 day simple moving average of $10.23. The firm has a market cap of $3.08 billion, a PE ratio of 300.10, a P/E/G ratio of 13.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $16.67.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. Equities research analysts forecast that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ZI. Morgan Stanley dropped their price objective on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Piper Sandler dropped their price objective on ZoomInfo Technologies from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Canaccord Genuity Group raised their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Scotiabank upped their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Finally, Mizuho cut their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Hold” and a consensus target price of $11.00.

ZoomInfo Technologies Company Profile

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.