Short Interest in ZoomInfo Technologies Inc. (NASDAQ:ZI) Expands By 33.9%

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 35,940,000 shares, an increase of 33.9% from the September 30th total of 26,840,000 shares. Based on an average daily trading volume, of 7,500,000 shares, the days-to-cover ratio is presently 4.8 days.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck bought 1,500,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the acquisition, the chief executive officer now directly owns 11,788,001 shares in the company, valued at $100,080,128.49. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.20% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Institutional investors have recently made changes to their positions in the company. Retirement Systems of Alabama boosted its holdings in shares of ZoomInfo Technologies by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company’s stock worth $5,963,000 after buying an additional 976 shares during the last quarter. 49 Wealth Management LLC lifted its holdings in ZoomInfo Technologies by 11.3% during the first 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 during the last quarter. Advisors Asset Management Inc. lifted its holdings in ZoomInfo Technologies by 45.3% during the first 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 last quarter. State of Michigan Retirement System lifted its holdings in ZoomInfo Technologies by 2.3% during the first quarter. State of Michigan Retirement System now owns 72,700 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,600 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in ZoomInfo Technologies by 114.9% during the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ZI shares. KeyCorp downgraded shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Barclays cut their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Piper Sandler cut their target price on shares of ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, DA Davidson downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $9.50 in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and an average price target of $13.40.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI opened at $10.74 on Tuesday. The company has a fifty day moving average of $10.08 and a 200-day moving average of $11.68. The firm has a market capitalization of $3.92 billion, a P/E ratio of 268.57, a P/E/G ratio of 6.42 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly 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). The business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. As a group, sell-side analysts anticipate that ZoomInfo Technologies will post 0.55 EPS for the current year.

About ZoomInfo Technologies

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.