ZoomInfo Technologies (NASDAQ:ZI) Sees Large Volume Increase – Still a Buy?

Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) saw unusually-high trading volume on Monday . Approximately 15,912,921 shares were traded during mid-day 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

ZI has been the topic of a number of recent research reports. Mizuho increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Wells Fargo & Company restated an “equal weight” rating and set a $11.00 price objective (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Barclays increased their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Piper Sandler restated an “underweight” rating and issued a $10.00 price objective (down from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Six equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.57.

ZoomInfo Technologies Stock Performance

The business’s fifty day moving average is $10.79 and its 200-day moving average is $10.59. 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 company has a market cap of $3.34 billion, a PE ratio of 324.44, a P/E/G ratio of 13.58 and a beta of 1.01.

Insider Transactions at ZoomInfo Technologies

In related news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Henry Schuck purchased 492,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the purchase, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. This represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Several institutional investors have recently made changes to their positions in the business. Raleigh Capital Management Inc. bought a new stake in shares of ZoomInfo Technologies in the third quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in ZoomInfo Technologies in the 3rd quarter worth approximately $37,000. GAMMA Investing LLC raised its holdings in shares of ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after acquiring an additional 2,134 shares in the last quarter. KBC Group NV boosted its position in shares of ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after acquiring an additional 2,635 shares during the last quarter. Finally, American Trust purchased a new position in shares of ZoomInfo Technologies in the third quarter valued at $104,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About ZoomInfo Technologies

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.