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

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 25,210,000 shares, a decrease of 21.3% from the December 15th total of 32,030,000 shares. Based on an average trading volume of 8,940,000 shares, the short-interest ratio is currently 2.8 days.

ZoomInfo Technologies Stock Up 1.4 %

ZoomInfo Technologies stock traded up $0.14 during trading on Wednesday, reaching $9.91. The stock had a trading volume of 4,426,431 shares, compared to its average volume of 9,298,392. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $18.69. The business has a 50 day moving average price of $10.74 and a 200 day moving average price of $10.55. 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 stock has a market cap of $3.40 billion, a PE ratio of 330.44, a P/E/G ratio of 13.58 and a beta of 1.01.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Piper Sandler reaffirmed an "underweight" rating and set a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Barclays boosted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Mizuho increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Finally, KeyCorp downgraded shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.57.

Insider Buying and Selling at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the sale, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Henry Schuck acquired 492,500 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 12,280,501 shares of the company's stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.10% of the stock is owned by insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ZI. Raleigh Capital Management Inc. purchased a new position in ZoomInfo Technologies in the third quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at $37,000. GAMMA Investing LLC grew its position in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company's stock valued at $41,000 after buying an additional 2,134 shares during the last quarter. KBC Group NV raised its stake 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 acquiring an additional 2,635 shares in the last quarter. Finally, American Trust purchased a new stake in ZoomInfo Technologies in the third quarter valued at $104,000. Institutional investors and hedge funds own 95.47% of the company's stock.

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.