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

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw unusually large options trading activity on Wednesday. Investors purchased 54,932 put options on the company. This represents an increase of approximately 543% compared to the average daily volume of 8,547 put options.

ZoomInfo Technologies Stock Down 19.5 %

Shares of NASDAQ:ZI opened at $10.53 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $19.39. The firm has a market cap of $3.85 billion, a P/E ratio of 351.12, a P/E/G ratio of 8.00 and a beta of 1.03. The company’s 50-day moving average price is $10.49 and its two-hundred day moving average price is $11.37.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ZI. Boston Partners acquired a new position in shares of ZoomInfo Technologies in the 1st quarter valued at approximately $613,000. Janus Henderson Group PLC boosted its holdings in shares of ZoomInfo Technologies by 7.1% in the 1st 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 last quarter. Janney Montgomery Scott LLC increased its stake in shares of ZoomInfo Technologies by 31.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,427 shares of the company’s stock worth $520,000 after purchasing an additional 7,779 shares during the last quarter. M&G Plc acquired a new position in ZoomInfo Technologies during the second quarter worth approximately $9,534,000. Finally, Tidal Investments LLC bought a new stake in ZoomInfo Technologies in the 1st quarter valued at $2,113,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup dropped their price objective on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Truist Financial dropped their target price on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Bank of America lowered shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $23.00 to $8.00 in a report on Tuesday, August 6th. DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $9.50 in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their target price on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an “overweight” rating for the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company 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.