ZoomInfo Technologies Target of Unusually High Options Trading (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of some unusual options trading on Tuesday. Stock traders purchased 24,075 call options on the company. This is an increase of 207% compared to the typical volume of 7,836 call options.

Analyst Ratings Changes

ZI has been the topic of several research analyst reports. KeyCorp cut shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. DA Davidson lowered ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $9.50 in a research report on Tuesday, August 6th. Wells Fargo & Company cut their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Mizuho lowered their price target on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Finally, Needham & Company LLC cut their price target on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” 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 given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.61.

ZoomInfo Technologies Stock Up 2.9 %

NASDAQ ZI traded up $0.37 during trading hours on Tuesday, hitting $13.02. 2,663,225 shares of the company traded hands, compared to its average volume of 6,708,150. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 316.25, a P/E/G ratio of 7.34 and a beta of 1.03. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $19.39. The business’s 50-day moving average is $10.42 and its 200-day moving average is $11.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Partners acquired a new stake in ZoomInfo Technologies in the first quarter valued at $613,000. Janus Henderson Group PLC raised its stake in ZoomInfo Technologies by 7.1% in the first quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock valued at $4,140,000 after buying an additional 17,193 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of ZoomInfo Technologies by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock valued at $520,000 after buying an additional 7,779 shares during the last quarter. M&G Plc bought a new position in shares of ZoomInfo Technologies during the 2nd quarter worth approximately $9,534,000. Finally, Tidal Investments LLC acquired a new position in shares of ZoomInfo Technologies during the 1st quarter worth approximately $2,113,000. 95.47% of the stock is owned by institutional investors.

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.