Stock Traders Purchase Large Volume of ZoomInfo Technologies Call Options (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 24,075 call options on the company. This is an increase of approximately 207% compared to the average volume of 7,836 call options.

ZoomInfo Technologies Stock Up 3.4 %

NASDAQ ZI opened at $13.08 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $19.39. The stock’s 50 day moving average is $10.42 and its 200 day moving average is $11.39. The stock has a market cap of $4.78 billion, a PE ratio of 316.25, a P/E/G ratio of 7.34 and a beta of 1.03.

Wall Street Analyst Weigh In

A number of research firms have commented on ZI. Stifel Nicolaus cut their target price on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Piper Sandler reduced their price objective on ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Raymond James downgraded ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada lowered their price objective on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.61.

Hedge Funds Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of ZoomInfo Technologies by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company’s stock worth $22,642,000 after buying an additional 29,733 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after purchasing an additional 2,585,631 shares during the period. Primecap Management Co. CA raised its holdings 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 valued at $26,475,000 after buying an additional 1,267,171 shares during the period. KBC Group NV lifted its position in ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after buying an additional 2,635 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in ZoomInfo Technologies by 83.4% during the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock worth $1,689,000 after buying an additional 74,455 shares during the period. Institutional investors own 95.47% of the company’s stock.

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.