ZoomInfo Technologies Inc. (NASDAQ:ZI) Sees Large Growth in Short Interest

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 35,940,000 shares, an increase of 33.9% from the September 30th total of 26,840,000 shares. Based on an average daily volume of 7,500,000 shares, the days-to-cover ratio is currently 4.8 days.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck bought 1,500,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price 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 directly owns 11,788,001 shares in the company, valued at approximately $100,080,128.49. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama grew its holdings in ZoomInfo Technologies by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 371,995 shares of the company's stock worth $5,963,000 after acquiring an additional 976 shares in the last quarter. 49 Wealth Management LLC grew its holdings in ZoomInfo Technologies by 11.3% during the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company's stock worth $214,000 after acquiring an additional 1,360 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in ZoomInfo Technologies by 45.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company's stock worth $80,000 after acquiring an additional 1,547 shares in the last quarter. State of Michigan Retirement System grew its holdings in ZoomInfo Technologies by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 72,700 shares of the company's stock worth $1,165,000 after acquiring an additional 1,600 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock worth $41,000 after acquiring an additional 2,134 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Trading Up 0.9 %

ZI traded up $0.09 during trading on Friday, hitting $10.49. 2,634,871 shares of the company's stock were exchanged, compared to its average volume of 6,640,459. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $19.39. The stock has a 50 day moving average price of $10.06 and a 200 day moving average price of $11.72. The firm has a market cap of $3.92 billion, a P/E ratio of 52.45, a price-to-earnings-growth ratio of 6.42 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.07). The business had revenue of $291.50 million for the quarter, compared to analysts' expectations of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. ZoomInfo Technologies's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. As a group, analysts expect that ZoomInfo Technologies will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ZI shares. Mizuho decreased their price objective on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Needham & Company LLC decreased their price objective on shares of ZoomInfo Technologies from $25.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Citigroup decreased their price objective on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a "sell" rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company decreased their price objective on shares of ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. Finally, DA Davidson downgraded shares of ZoomInfo Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the company from $20.00 to $9.50 in a report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus price target of $13.40.

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.