ZoomInfo Technologies Inc. (NASDAQ:ZI) Short Interest Up 21.0% in February

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 14,780,000 shares, an increase of 21.0% from the February 13th total of 12,210,000 shares. Based on an average daily trading volume, of 7,260,000 shares, the short-interest ratio is currently 2.0 days. Approximately 4.7% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

ZI has been the subject of a number of analyst reports. Canaccord Genuity Group increased their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Wells Fargo & Company raised their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Piper Sandler raised ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Morgan Stanley increased their target price 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. Finally, Scotiabank boosted their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, ZoomInfo Technologies has an average rating of "Hold" and a consensus target price of $11.92.

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Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZI. Jericho Capital Asset Management L.P. purchased a new position in ZoomInfo Technologies during the 4th quarter valued at $116,622,000. Deutsche Bank AG lifted its position in shares of ZoomInfo Technologies by 21,345.2% during the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after purchasing an additional 10,181,253 shares during the last quarter. FMR LLC boosted its stake in shares of ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company's stock valued at $341,111,000 after purchasing an additional 7,177,687 shares during the period. Hood River Capital Management LLC bought a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $48,336,000. Finally, Maverick Capital Ltd. purchased a new position in ZoomInfo Technologies in the 3rd quarter worth about $44,248,000. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Trading Up 1.6 %

Shares of ZoomInfo Technologies stock traded up $0.17 on Friday, reaching $10.89. The company had a trading volume of 14,175,913 shares, compared to its average volume of 7,014,631. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 363.12, a P/E/G ratio of 13.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm's 50-day moving average price is $10.46 and its two-hundred day moving average price is $10.51. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million for the quarter, compared to analysts' expectations of $297.64 million. As a group, research analysts predict that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

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.