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

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw unusually large options trading on Monday. Traders acquired 46,198 put options on the company. This is an increase of 582% compared to the average daily volume of 6,772 put options.

Insiders Place Their Bets

In related news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the sale, the director now directly owns 1,266,807 shares in the company, valued at $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Henry Schuck acquired 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the acquisition, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.20% of the stock is owned by insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $54,000 after purchasing an additional 1,160 shares in the last quarter. Fifth Third Bancorp increased its holdings in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock valued at $40,000 after buying an additional 1,241 shares during the last quarter. State of Alaska Department of Revenue raised its stake in ZoomInfo Technologies by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after buying an additional 2,275 shares in the last quarter. KBC Group NV lifted its holdings in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after buying an additional 2,635 shares during the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in ZoomInfo Technologies during the 3rd quarter worth approximately $31,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Up 2.6 %

NASDAQ ZI opened at $10.44 on Wednesday. The stock has a market cap of $3.58 billion, a P/E ratio of 348.12, a PEG ratio of 13.44 and a beta of 1.01. The company’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $10.37. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $18.69.

Analyst Ratings Changes

Several research analysts have recently issued reports on ZI shares. Mizuho lifted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Citigroup upped their price target on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday, November 14th. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price target on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $11.00 price objective (down from $14.00) on shares of ZoomInfo Technologies in a research report on Tuesday, January 7th. Finally, Piper Sandler reiterated an “underweight” rating and set a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.52.

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.