ZoomInfo Technologies (NASDAQ:ZI) Sees Large Volume Increase - Should You Buy?

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) saw unusually-high trading volume on Monday . Approximately 15,912,921 shares changed hands during trading, an increase of 77% from the previous session's volume of 8,973,491 shares.The stock last traded at $9.60 and had previously closed at $9.43.

Analyst Ratings Changes

Several equities analysts recently commented on ZI shares. Mizuho increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Barclays lifted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Scotiabank started coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They set a "sector perform" rating and a $10.30 price objective on the stock. KeyCorp lowered ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research note on Friday, December 13th. Finally, Piper Sandler reiterated an "underweight" rating and set a $10.00 price target (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $12.57.

ZoomInfo Technologies Stock Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 326.44, a P/E/G ratio of 13.58 and a beta of 1.01. The firm has a 50-day simple moving average of $10.76 and a two-hundred day simple moving average of $10.57.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the sale, the director now directly owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Institutional Trading of ZoomInfo Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $54,000 after purchasing an additional 1,160 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of ZoomInfo Technologies by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company's stock worth $353,000 after buying an additional 2,275 shares during the period. KBC Group NV boosted its stake in shares of ZoomInfo Technologies by 39.0% during the third quarter. KBC Group NV now owns 9,393 shares of the company's stock worth $97,000 after buying an additional 2,635 shares during the period. Raleigh Capital Management Inc. purchased a new position in shares of ZoomInfo Technologies during the third quarter worth about $31,000. Finally, Envestnet Asset Management Inc. increased its position in ZoomInfo Technologies by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 275,505 shares of the company's stock valued at $3,518,000 after acquiring an additional 3,023 shares during the period. 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.