Short Interest in ZoomInfo Technologies Inc. (NASDAQ:ZI) Rises By 21.0%

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 14,780,000 shares, an increase of 21.0% from the February 13th total of 12,210,000 shares. Based on an average trading volume of 7,260,000 shares, the short-interest ratio is presently 2.0 days. Approximately 4.7% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Canaccord Genuity Group increased their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Citigroup raised their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Stifel Nicolaus raised their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Barclays raised their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus target price of $11.92.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of hedge funds have recently modified their holdings of ZI. Fifth Third Bancorp raised its holdings in shares of ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the period. GAMMA Investing LLC raised its holdings in shares of ZoomInfo Technologies by 29.1% in 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. Nisa Investment Advisors LLC raised its holdings in shares of ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares during the period. SRS Capital Advisors Inc. grew its stake in ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock valued at $89,000 after buying an additional 5,468 shares in the last quarter. Finally, KBC Group NV grew its stake in ZoomInfo Technologies by 39.0% in the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after buying an additional 2,635 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock opened at $10.58 on Tuesday. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $16.98. The company’s 50 day moving average price is $10.41 and its two-hundred day moving average price is $10.50. 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 stock has a market cap of $3.62 billion, a P/E ratio of 352.78, a P/E/G ratio of 13.05 and a beta of 0.97.

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