Stock Traders Purchase High Volume of Call Options on ZoomInfo Technologies (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of unusually large options trading activity on Thursday. Traders acquired 20,169 call options on the company. This is an increase of 85% compared to the typical daily volume of 10,900 call options.

Insider Transactions at ZoomInfo Technologies

In related news, CEO Henry Schuck bought 1,500,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of $8.49 per share, with a total value of $12,735,000.00. Following the completion of the acquisition, the chief executive officer now owns 11,788,001 shares in the company, valued at approximately $100,080,128.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Henry Schuck bought 1,500,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the transaction, the chief executive officer now owns 11,788,001 shares in the company, valued at $100,080,128.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $12.37, for a total value of $92,775.00. Following the completion of the transaction, the chief financial officer now owns 1,316,518 shares of the company’s stock, valued at approximately $16,285,327.66. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ZI. Boston Partners purchased a new position in ZoomInfo Technologies in the first quarter valued at about $613,000. Norges Bank purchased a new stake in shares of ZoomInfo Technologies during the 4th quarter valued at about $55,448,000. Janus Henderson Group PLC lifted its position in ZoomInfo Technologies by 7.1% during the 1st quarter. Janus Henderson Group PLC now owns 258,222 shares of the company’s stock worth $4,140,000 after acquiring an additional 17,193 shares in the last quarter. Kodai Capital Management LP purchased a new position in ZoomInfo Technologies in the 4th quarter worth approximately $3,072,000. Finally, G2 Investment Partners Management LLC acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at approximately $2,188,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

ZI has been the topic of several research reports. Royal Bank of Canada lowered their price target on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a research report on Tuesday, August 6th. Daiwa Capital Markets downgraded ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Barclays reduced their price objective on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. KeyCorp cut ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” 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 assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.40.

ZoomInfo Technologies Stock Up 4.3 %

Shares of NASDAQ ZI opened at $10.22 on Friday. The stock has a market capitalization of $3.82 billion, a PE ratio of 51.10, a P/E/G ratio of 5.84 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average of $10.36 and a 200-day moving average of $13.05. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07). The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. ZoomInfo Technologies’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. On average, analysts anticipate that ZoomInfo Technologies will post 0.55 EPS for the current year.

ZoomInfo Technologies Company Profile

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.