ZoomInfo Technologies Inc. (NASDAQ:ZI) Sees Significant Increase in Short Interest

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 14,780,000 shares, a growth of 21.0% from the February 13th total of 12,210,000 shares. Based on an average trading volume of 7,260,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 4.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings in ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after purchasing an additional 7,177,687 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth approximately $116,622,000. Deutsche Bank AG boosted its holdings in shares of ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock valued at $107,506,000 after buying an additional 10,181,253 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of ZoomInfo Technologies by 38.7% in the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after buying an additional 2,585,631 shares in the last quarter. Finally, State Street Corp increased its holdings in ZoomInfo Technologies by 2.0% during the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after buying an additional 165,440 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

ZI stock opened at $10.83 on Thursday. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $16.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.71 billion, a P/E ratio of 361.12, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The business’s fifty day moving average is $10.44 and its 200-day moving average is $10.51.

ZoomInfo Technologies (NASDAQ:ZI) last released its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. Equities research analysts forecast that ZoomInfo Technologies will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

ZI has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Citigroup boosted their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Scotiabank increased their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley boosted their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.92.

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.