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

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of unusually large options trading on Monday. Traders acquired 46,198 put options on the stock. This is an increase of approximately 582% compared to the average daily volume of 6,772 put options.

Analysts Set New Price Targets

Several brokerages have recently commented on ZI. Barclays reduced their target price on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Piper Sandler reissued an “underweight” rating and issued a $10.00 target price (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Finally, Citigroup raised their price target on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.52.

Insider Buying and Selling

In related news, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares of the company’s stock, valued at $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value 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. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in ZoomInfo Technologies by 29.1% during the fourth quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares during the period. Fifth Third Bancorp increased its position in shares of ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after buying an additional 1,241 shares in the last quarter. State of Alaska Department of Revenue raised its stake in ZoomInfo Technologies by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after buying an additional 2,275 shares during the period. KBC Group NV lifted its holdings in ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares in the last quarter. Finally, Raleigh Capital Management Inc. acquired a new position in ZoomInfo Technologies in the third quarter valued at about $31,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Trading Down 1.0 %

NASDAQ ZI traded down $0.11 on Monday, reaching $10.19. The company had a trading volume of 2,121,494 shares, compared to its average volume of 7,459,658. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $18.69. The stock’s 50 day moving average is $10.49 and its 200-day moving average is $10.38. 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 stock has a market cap of $3.50 billion, a price-to-earnings ratio of 339.61, a PEG ratio of 13.44 and a beta of 1.01.

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.