ZoomInfo Technologies Sees Unusually High Options Volume (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of unusually large options trading activity on Thursday. Investors bought 25,826 call options on the company. This is an increase of approximately 169% compared to the typical daily volume of 9,608 call options.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the sale, the director now directly owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at about $37,000. Fifth Third Bancorp lifted its stake in shares of ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares during the period. GAMMA Investing LLC increased its stake in shares of ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after purchasing an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of ZoomInfo Technologies by 343.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of ZoomInfo Technologies by 183.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after purchasing an additional 5,468 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

Shares of ZI traded up $0.44 during midday trading on Thursday, hitting $12.17. 9,926,005 shares of the company traded hands, compared to its average volume of 7,297,438. The firm has a 50 day moving average of $10.25 and a 200-day moving average of $10.33. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $17.14. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 403.97, a PEG ratio of 13.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $297.64 million. On average, analysts forecast that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $10.00 to $11.00 in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday. Morgan Stanley lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday. Five investment 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. Based on data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average target price of $11.88.

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.