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

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw unusually large options trading activity on Thursday. Stock traders purchased 20,169 call options on the stock. This is an increase of 85% compared to the typical daily volume of 10,900 call options.

ZoomInfo Technologies Trading Up 3.9 %

ZoomInfo Technologies stock opened at $10.62 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The firm’s 50-day moving average is $10.33 and its 200-day moving average is $13.01. The company has a market cap of $3.88 billion, a P/E ratio of 53.10, a PEG ratio of 6.00 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $307.68 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. On average, equities analysts expect that ZoomInfo Technologies will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial cut their target price on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Wells Fargo & Company reduced their price objective on ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Needham & Company LLC lowered their target price on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price target on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Finally, Bank of America lowered shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and lowered their price target for the company from $23.00 to $8.00 in a report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.40.

Insiders Place Their Bets

In other news, CFO Peter Cameron Hyzer sold 7,500 shares of ZoomInfo Technologies stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $12.37, for a total value of $92,775.00. Following the completion of the sale, the chief financial officer now owns 1,316,518 shares of the company’s stock, valued at $16,285,327.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total transaction of $92,775.00. Following the completion of the transaction, the chief financial officer now owns 1,316,518 shares of the company’s stock, valued at $16,285,327.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Henry Schuck acquired 1,500,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the purchase, the chief executive officer now directly owns 11,788,001 shares in the company, valued at $100,080,128.49. The disclosure for this purchase can be found here. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors have recently modified their holdings of the company. American Trust grew its holdings in ZoomInfo Technologies by 5.9% in the 4th quarter. American Trust now owns 11,326 shares of the company’s stock worth $209,000 after buying an additional 628 shares in the last quarter. Retirement Systems of Alabama lifted its position in ZoomInfo Technologies by 0.3% in the first quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock worth $5,963,000 after purchasing an additional 976 shares during the period. 49 Wealth Management LLC boosted its stake in 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 purchasing an additional 1,360 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of ZoomInfo Technologies by 45.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after purchasing an additional 1,547 shares during the period. Finally, State of Michigan Retirement System raised its stake in shares of ZoomInfo Technologies by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 72,700 shares of the company’s stock worth $1,165,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

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.