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

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the recipient of some unusual options trading on Tuesday. Stock traders bought 29,377 call options on the stock. This represents an increase of approximately 268% compared to the average daily volume of 7,979 call options.

Insider Activity

In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $95,850.00. Following the completion of the sale, the chief financial officer now owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Peter Cameron Hyzer sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the transaction, the chief financial officer now owns 1,279,023 shares in the company, valued at $16,345,913.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Ali Dasdan sold 5,862 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total value of $69,757.80. Following the sale, the chief technology officer now owns 87,540 shares of the company’s stock, valued at approximately $1,041,726. The disclosure for this sale can be found here. Insiders sold a total of 16,474 shares of company stock worth $205,379 over the last quarter. 8.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. bought a new position in ZoomInfo Technologies in the third quarter valued at about $251,000. Invesco Ltd. boosted its holdings in shares of ZoomInfo Technologies by 31.2% in the third quarter. Invesco Ltd. now owns 959,086 shares of the company’s stock worth $15,729,000 after buying an additional 228,353 shares during the last quarter. Hsbc Holdings PLC grew its position in ZoomInfo Technologies by 127.0% during the third quarter. Hsbc Holdings PLC now owns 431,416 shares of the company’s stock valued at $7,088,000 after buying an additional 241,361 shares during the period. Stifel Financial Corp increased its holdings in ZoomInfo Technologies by 0.5% during the third quarter. Stifel Financial Corp now owns 225,036 shares of the company’s stock valued at $3,691,000 after buying an additional 1,143 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in ZoomInfo Technologies by 4.8% in the third quarter. Federated Hermes Inc. now owns 267,252 shares of the company’s stock worth $4,383,000 after acquiring an additional 12,119 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZI. Barclays lowered their price objective on ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, May 8th. Piper Sandler cut shares of ZoomInfo Technologies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $24.00 to $15.00 in a report on Wednesday, May 8th. Morgan Stanley decreased their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Finally, UBS Group cut their price objective on ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Hold” and an average target price of $18.90.

ZoomInfo Technologies Stock Up 3.0 %

Shares of ZI stock traded up $0.35 during trading hours on Tuesday, hitting $12.13. 2,665,370 shares of the company’s stock traded hands, compared to its average volume of 6,202,845. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $13.64 and its two-hundred day simple moving average is $15.52. ZoomInfo Technologies has a 12-month low of $11.67 and a 12-month high of $30.16. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 58.90, a PEG ratio of 2.95 and a beta of 1.06.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $310.10 million during the quarter, compared to analyst estimates of $308.84 million. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. On average, analysts expect that ZoomInfo Technologies will post 0.69 EPS for the current year.

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.