ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 10,880,000 shares, a decrease of 18.1% from the March 15th total of 13,280,000 shares. Based on an average trading volume of 5,030,000 shares, the short-interest ratio is presently 2.2 days.
Insider Activity
In related news, CEO Henry Schuck sold 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $28.28, for a total value of $28,280,000.00. Following the sale, the chief executive officer now directly owns 12,288,001 shares of the company’s stock, valued at $347,504,668.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.70% of the company’s stock.
Institutional Trading of ZoomInfo Technologies
Several large investors have recently added to or reduced their stakes in the business. CI Investments Inc. grew its holdings in ZoomInfo Technologies by 123.2% during the fourth quarter. CI Investments Inc. now owns 819 shares of the company’s stock valued at $25,000 after purchasing an additional 452 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in ZoomInfo Technologies in the 3rd quarter worth approximately $26,000. Private Trust Co. NA purchased a new stake in ZoomInfo Technologies in the 2nd quarter worth approximately $33,000. Compagnie Lombard Odier SCmA bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $35,000. Finally, Parallel Advisors LLC lifted its holdings in ZoomInfo Technologies by 84.5% during the fourth quarter. Parallel Advisors LLC now owns 1,199 shares of the company’s stock valued at $36,000 after purchasing an additional 549 shares in the last quarter. 84.96% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Truist Financial cut shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $65.00 to $28.00 in a research report on Tuesday, January 10th. The Goldman Sachs Group lowered their target price on ZoomInfo Technologies from $54.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, January 25th. Wolfe Research reaffirmed an “outperform” rating and issued a $30.00 price target (down from $37.00) on shares of ZoomInfo Technologies in a research note on Tuesday, February 7th. Raymond James decreased their price objective on ZoomInfo Technologies from $41.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, February 1st. Finally, Piper Sandler dropped their target price on shares of ZoomInfo Technologies from $50.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, January 9th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.56.
ZoomInfo Technologies Trading Down 2.0 %
Shares of ZI stock opened at $22.15 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. ZoomInfo Technologies has a 12-month low of $20.72 and a 12-month high of $57.07. The stock has a market capitalization of $8.96 billion, a P/E ratio of 138.45, a P/E/G ratio of 2.72 and a beta of 0.95. The firm’s 50 day moving average is $24.55 and its 200 day moving average is $29.80.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last issued its quarterly earnings data on Monday, February 6th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $301.70 million during the quarter, compared to analyst estimates of $298.80 million. ZoomInfo Technologies had a return on equity of 8.32% and a net margin of 5.76%. Research analysts expect that ZoomInfo Technologies will post 0.57 earnings per share for the current year.
ZoomInfo Technologies Company Profile
ZoomInfo Technologies Inc, through 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.