ZoomInfo Technologies Inc. (NASDAQ:ZI) Short Interest Down 21.3% in December

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 25,210,000 shares, a decline of 21.3% from the December 15th total of 32,030,000 shares. Based on an average daily volume of 8,940,000 shares, the days-to-cover ratio is presently 2.8 days.

ZoomInfo Technologies Stock Down 0.2 %

Shares of ZoomInfo Technologies stock opened at $9.77 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.35 billion, a P/E ratio of 325.78, a PEG ratio of 13.58 and a beta of 1.01. The firm’s 50 day moving average price is $10.74 and its 200-day moving average price is $10.55. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $18.69.

Insider Buying and Selling at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the firm’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 in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Henry Schuck bought 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the acquisition, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of large investors have recently made changes to their positions in ZI. FMR LLC increased its stake in ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock valued at $341,111,000 after purchasing an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of ZoomInfo Technologies by 8,471.7% in the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company’s stock valued at $85,421,000 after acquiring an additional 6,611,160 shares during the period. Marshall Wace LLP acquired a new position in shares of ZoomInfo Technologies in the 2nd quarter valued at $73,435,000. Maverick Capital Ltd. purchased a new position in ZoomInfo Technologies in the 3rd quarter worth $44,248,000. Finally, Primecap Management Co. CA lifted its position in ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after acquiring an additional 1,267,171 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Piper Sandler reiterated an “underweight” rating and issued a $10.00 price target (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Barclays increased their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Finally, Mizuho increased their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.57.

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.