ZoomInfo Technologies Inc. (NASDAQ:ZI) Short Interest Update

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw a significant increase in short interest in 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. Based on an average daily volume of 6,940,000 shares, the short-interest ratio is currently 2.8 days. Approximately 6.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jericho Capital Asset Management L.P. purchased a new position in ZoomInfo Technologies during the fourth quarter valued at approximately $116,622,000. Deutsche Bank AG grew its holdings in ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after buying an additional 10,181,253 shares in the last quarter. JPMorgan Chase & Co. increased its position in ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock worth $63,999,000 after purchasing an additional 1,591,960 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ZoomInfo Technologies by 67.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock worth $55,029,000 after buying an additional 2,118,297 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at about $48,336,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Up 4.3 %

Shares of ZoomInfo Technologies stock opened at $9.00 on Friday. The company has a 50-day simple moving average of $9.63 and a two-hundred day simple moving average of $10.23. ZoomInfo Technologies has a 52-week low of $7.01 and a 52-week high of $16.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $3.08 billion, a PE ratio of 300.10, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results 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 business had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $297.64 million. On average, analysts anticipate that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ZI. Canaccord Genuity Group boosted their target price on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Morgan Stanley decreased 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 report on Wednesday, April 16th. Scotiabank raised their target price on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th. Stifel Nicolaus boosted their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their price objective on shares of ZoomInfo Technologies from $12.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, ZoomInfo Technologies has an average 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.