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

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of some unusual options trading on Wednesday. Traders acquired 54,932 put options on the stock. This is an increase of 543% compared to the average volume of 8,547 put options.

Institutional Investors Weigh In On ZoomInfo Technologies

Several large investors have recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. purchased a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $31,000. J.Safra Asset Management Corp grew its position in shares of ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after acquiring an additional 2,388 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $37,000. GAMMA Investing LLC raised its stake in ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after acquiring an additional 2,134 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of ZoomInfo Technologies by 598.5% during the first quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after purchasing an additional 2,861 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Down 19.5 %

ZI opened at $10.53 on Thursday. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39. The business’s 50 day moving average price is $10.49 and its 200 day moving average price is $11.37. The stock has a market capitalization of $3.85 billion, a PE ratio of 351.12, a P/E/G ratio of 8.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday. Piper Sandler increased their target price on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank of Canada cut their price objective on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research report on Tuesday, August 6th. Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Finally, DA Davidson cut 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 research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.76.

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.