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

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) was the target of some unusual options trading activity on Tuesday. Investors purchased 24,075 call options on the stock. This represents an increase of approximately 207% compared to the average volume of 7,836 call options.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company reduced their target price on ZoomInfo Technologies from $19.00 to $14.00 and set an "overweight" rating for the company in a report on Tuesday, August 6th. KeyCorp cut shares of ZoomInfo Technologies from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, August 6th. Citigroup reduced their target price on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a "sell" rating for the company in a research report on Thursday, August 8th. Raymond James lowered shares of ZoomInfo Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 6th. Finally, Piper Sandler cut their price objective on shares of ZoomInfo Technologies from $14.00 to $10.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.61.

ZoomInfo Technologies Trading Up 3.4 %

Shares of ZI stock traded up $0.43 during trading hours on Tuesday, hitting $13.08. The company had a trading volume of 20,450,330 shares, compared to its average volume of 6,779,872. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The company's fifty day moving average is $10.42 and its 200 day moving average is $11.39. The stock has a market capitalization of $4.78 billion, a PE ratio of 316.25, a price-to-earnings-growth ratio of 7.34 and a beta of 1.03.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in ZoomInfo Technologies by 8,471.7% during the 2nd quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock worth $85,421,000 after purchasing an additional 6,611,160 shares in the last quarter. Marshall Wace LLP purchased a new position in ZoomInfo Technologies during the 2nd quarter worth approximately $73,435,000. Delta Global Management LP increased its holdings in shares of ZoomInfo Technologies by 280.1% in the 1st quarter. Delta Global Management LP now owns 2,593,618 shares of the company's stock valued at $41,576,000 after acquiring an additional 1,911,221 shares during the period. Kinetic Partners Management LP raised its holdings in shares of ZoomInfo Technologies by 95.4% in the first quarter. Kinetic Partners Management LP now owns 2,715,500 shares of the company's stock valued at $43,529,000 after buying an additional 1,325,500 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock worth $26,475,000 after acquiring an additional 1,267,171 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.