Stock Traders Buy Large Volume of Call Options on ZoomInfo Technologies (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) was the recipient of some unusual options trading on Thursday. Traders bought 25,826 call options on the stock. This represents an increase of 169% compared to the typical daily volume of 9,608 call options.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the sale, the chief technology officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Randall Winn sold 290,541 shares of the business's stock in a transaction that occurred 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 approximately $14,010,885.42. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Creative Planning acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $254,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ZoomInfo Technologies during the third quarter worth about $37,000. State of Alaska Department of Revenue increased its holdings 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 in the last quarter. US Bancorp DE increased its holdings in shares of ZoomInfo Technologies by 164.7% during the third quarter. US Bancorp DE now owns 12,742 shares of the company's stock worth $131,000 after buying an additional 7,928 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of ZoomInfo Technologies by 37.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 202,406 shares of the company's stock valued at $2,089,000 after acquiring an additional 55,150 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Down 1.0 %

Shares of NASDAQ ZI traded down $0.12 during mid-day trading on Monday, reaching $11.54. 8,112,947 shares of the company traded hands, compared to its average volume of 7,669,210. The company's fifty day moving average is $10.30 and its two-hundred day moving average is $10.38. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $17.01. 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 stock has a market cap of $3.96 billion, a PE ratio of 384.79, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ZI shares. Piper Sandler upgraded shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $10.00 to $11.00 in a research report on Wednesday, February 26th. KeyCorp lowered shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research report on Friday, December 13th. Scotiabank increased their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday. Wells Fargo & Company lifted their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley upped their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.92.

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.