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

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the recipient of unusually large options trading on Friday. Traders acquired 18,521 put options on the stock. This represents an increase of 91% compared to the typical daily volume of 9,707 put options.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley decreased their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. KeyCorp cut their price target on ZoomInfo Technologies from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Piper Sandler cut their target price on ZoomInfo Technologies from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, May 8th. Finally, Canaccord Genuity Group cut their target price on ZoomInfo Technologies from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Hold” and an average price target of $18.21.

Insiders Place Their Bets

In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the sale, the chief financial officer now directly owns 1,279,023 shares in the company, valued at $16,345,913.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CTO Ali Dasdan sold 5,862 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total transaction of $69,757.80. Following the sale, the chief technology officer now owns 87,540 shares in the company, valued at $1,041,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the sale, the chief financial officer now owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,974 shares of company stock worth $298,154. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in ZI. Coatue Management LLC purchased a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $120,619,000. Franklin Resources Inc. raised its stake in ZoomInfo Technologies by 52,230.4% in the fourth quarter. Franklin Resources Inc. now owns 6,055,152 shares of the company’s stock worth $111,960,000 after buying an additional 6,043,581 shares in the last quarter. Bank of New York Mellon Corp raised its stake in ZoomInfo Technologies by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company’s stock worth $42,005,000 after buying an additional 223,669 shares in the last quarter. Norges Bank bought a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $55,448,000. Finally, Kinetic Partners Management LP increased its stake in shares of ZoomInfo Technologies by 95.4% during the first quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company’s stock valued at $43,529,000 after purchasing an additional 1,325,500 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI traded down $0.53 during mid-day trading on Friday, reaching $10.49. 3,296,116 shares of the company were exchanged, compared to its average volume of 6,180,095. ZoomInfo Technologies has a 52 week low of $10.40 and a 52 week high of $19.39. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3.92 billion, a PE ratio of 52.95, a PEG ratio of 2.73 and a beta of 1.06. The company’s 50 day moving average price is $12.06 and its 200 day moving average price is $14.45.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. The company had revenue of $310.10 million during the quarter, compared to the consensus estimate of $308.84 million. Sell-side analysts forecast that ZoomInfo Technologies will post 0.69 earnings per share for the current fiscal year.

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.