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

ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 13,622 call options on the stock. This represents an increase of approximately 294% compared to the typical daily volume of 3,461 call options.

Analysts Set New Price Targets

A number of research firms have issued reports on ZI. UBS Group downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $34.00 to $33.00 in a research report on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of ZoomInfo Technologies from $34.00 to $31.00 in a research report on Tuesday, May 2nd. Bank of America cut their target price on shares of ZoomInfo Technologies from $30.00 to $28.00 in a research report on Tuesday, May 2nd. Raymond James cut their target price on shares of ZoomInfo Technologies from $33.00 to $28.00 in a research report on Tuesday, May 2nd. Finally, Barclays cut their price target on shares of ZoomInfo Technologies from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 7th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.20.

Insider Buying and Selling

In related news, CFO Peter Cameron Hyzer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $22.09, for a total transaction of $220,900.00. Following the transaction, the chief financial officer now owns 1,177,455 shares in the company, valued at approximately $26,009,980.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. boosted its holdings in shares of ZoomInfo Technologies by 7,358,275.6% in the 1st quarter. Bessemer Group Inc. now owns 3,016,934 shares of the company’s stock valued at $74,549,000 after buying an additional 3,016,893 shares during the last quarter. Vanguard Group Inc. lifted its holdings in ZoomInfo Technologies by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 28,188,768 shares of the company’s stock valued at $1,174,345,000 after purchasing an additional 2,843,150 shares during the last quarter. State Street Corp lifted its holdings in ZoomInfo Technologies by 71.7% during the 2nd quarter. State Street Corp now owns 5,874,049 shares of the company’s stock valued at $195,253,000 after purchasing an additional 2,453,367 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in ZoomInfo Technologies by 240.1% during the 1st quarter. Renaissance Technologies LLC now owns 3,260,500 shares of the company’s stock valued at $80,567,000 after purchasing an additional 2,301,800 shares during the last quarter. Finally, Norges Bank acquired a new stake in ZoomInfo Technologies during the 4th quarter valued at $66,294,000. 84.96% of the stock is owned by institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $22.75 on Wednesday. The stock has a market capitalization of $9.15 billion, a P/E ratio of 91.00, a P/E/G ratio of 2.24 and a beta of 0.95. ZoomInfo Technologies has a twelve month low of $20.33 and a twelve month high of $51.86. The company has a 50 day moving average of $22.46 and a 200-day moving average of $26.14. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.53.

About ZoomInfo Technologies

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ZoomInfo Technologies Inc, through 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.