ZoomInfo Technologies Inc. (NASDAQ:ZI) Short Interest Update

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 8,560,000 shares, an increase of 26.8% from the March 15th total of 6,750,000 shares. Approximately 8.8% of the company’s shares are sold short. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 3.6 days.

Shares of NASDAQ:ZI opened at $45.63 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.88. ZoomInfo Technologies has a 12 month low of $30.83 and a 12 month high of $64.40. The company has a 50-day moving average price of $48.99 and a 200 day moving average price of $46.78.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Sunday, February 21st. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $139.70 million during the quarter, compared to the consensus estimate of $130.44 million. The firm’s revenue for the quarter was up 53.3% on a year-over-year basis.

Several equities analysts recently issued reports on the company. Piper Sandler upped their price objective on ZoomInfo Technologies from $59.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, March 1st. Stephens reaffirmed a “buy” rating and issued a $60.00 price objective on shares of ZoomInfo Technologies in a research report on Monday, January 25th. Canaccord Genuity upped their price objective on ZoomInfo Technologies from $50.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, February 24th. Raymond James upped their price objective on ZoomInfo Technologies from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on ZoomInfo Technologies from $45.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, February 23rd. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $59.95.

In other ZoomInfo Technologies news, CEO Henry Schuck sold 20,633 shares of the company’s stock in a transaction that occurred on Tuesday, January 26th. The stock was sold at an average price of $50.04, for a total transaction of $1,032,475.32. Following the transaction, the chief executive officer now owns 20,633 shares in the company, valued at approximately $1,032,475.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joseph Christopher Hays sold 13,752 shares of the company’s stock in a transaction that occurred on Thursday, April 8th. The stock was sold at an average price of $48.36, for a total value of $665,046.72. Following the transaction, the chief operating officer now owns 15,000 shares in the company, valued at approximately $725,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,818,907 shares of company stock worth $258,908,532.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ironwood Wealth Management LLC. bought a new stake in ZoomInfo Technologies in the fourth quarter worth about $29,000. Ancora Advisors LLC bought a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $48,000. IFP Advisors Inc raised its stake in shares of ZoomInfo Technologies by 3,232.5% during the fourth quarter. IFP Advisors Inc now owns 1,333 shares of the company’s stock valued at $64,000 after acquiring an additional 1,293 shares in the last quarter. Regent Peak Wealth Advisors LLC bought a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $69,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of ZoomInfo Technologies by 453.9% during the third quarter. Cubist Systematic Strategies LLC now owns 3,451 shares of the company’s stock valued at $148,000 after acquiring an additional 2,828 shares in the last quarter.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

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