ZoomInfo Technologies Target of Unusually High Options Trading (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of some unusual options trading on Tuesday. Stock traders purchased 24,075 call options on the company. This represents an increase of approximately 207% compared to the average daily volume of 7,836 call options.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $10.53 on Thursday. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The stock has a market capitalization of $3.85 billion, a P/E ratio of 351.12, a P/E/G ratio of 8.00 and a beta of 1.03. The firm’s 50 day moving average is $10.49 and its 200-day moving average is $11.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97.

Wall Street Analyst Weigh In

ZI has been the topic of several analyst reports. Truist Financial dropped their target price on ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Raymond James downgraded shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Stifel Nicolaus dropped their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday. Finally, Citigroup lowered their target price on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.76.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. acquired a new stake in ZoomInfo Technologies during the 3rd quarter worth about $31,000. J.Safra Asset Management Corp raised its holdings in shares of ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after acquiring an additional 2,388 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $37,000. GAMMA Investing LLC boosted its stake in ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after purchasing an additional 2,134 shares during the period. Finally, Covestor Ltd grew its position in ZoomInfo Technologies by 598.5% during the 1st quarter. Covestor Ltd now owns 3,339 shares of the company’s stock worth $54,000 after purchasing an additional 2,861 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.