ZoomInfo Technologies Sees Unusually Large Options Volume … – MarketBeat

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ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 9,109 put options on the stock. This is an increase of 140% compared to the average volume of 3,792 put options.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CFO Peter Cameron Hyzer sold 5,000 shares of the company’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $43.39, for a total transaction of $216,950.00. Following the completion of the sale, the chief financial officer now owns 1,137,531 shares in the company, valued at $49,357,470.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other ZoomInfo Technologies news, CEO Henry Schuck sold 1,000,000 shares of the company’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $28.16, for a total value of $28,160,000.00. Following the transaction, the chief executive officer now directly owns 14,288,001 shares in the company, valued at approximately $402,350,108.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter Cameron Hyzer sold 5,000 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $43.39, for a total value of $216,950.00. Following the completion of the transaction, the chief financial officer now owns 1,137,531 shares in the company, valued at $49,357,470.09. The disclosure for this sale can be found here. Insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On ZoomInfo Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at about $26,000. Private Trust Co. NA purchased a new position in ZoomInfo Technologies in the 2nd quarter valued at about $33,000. Dupont Capital Management Corp purchased a new position in ZoomInfo Technologies in the 3rd quarter valued at about $38,000. Truvestments Capital LLC purchased a new position in ZoomInfo Technologies in the 2nd quarter valued at about $47,000. Finally, CWM LLC lifted its stake in ZoomInfo Technologies by 261.5% in the 3rd quarter. CWM LLC now owns 1,193 shares of the company’s stock valued at $50,000 after buying an additional 863 shares in the last quarter. 84.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ZI shares. Daiwa Capital Markets began coverage on ZoomInfo Technologies in a research report on Wednesday, September 28th. They set a “buy” rating and a $66.00 price target on the stock. Barclays reduced their price objective on ZoomInfo Technologies from $54.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, November 2nd. Raymond James reduced their price objective on ZoomInfo Technologies from $65.00 to $41.00 in a research report on Wednesday, November 2nd. Canaccord Genuity Group reduced their price objective on ZoomInfo Technologies from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, December 7th. Finally, Royal Bank of Canada reduced their target price on ZoomInfo Technologies from $50.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, November 23rd. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $47.53.

ZoomInfo Technologies Trading Down 3.6 %

Shares of NASDAQ ZI traded down $1.07 during trading hours on Wednesday, reaching $28.37. The stock had a trading volume of 42,669 shares, compared to its average volume of 3,482,798. The business’s fifty day moving average price is $30.64 and its two-hundred day moving average price is $38.02. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.56. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 64.00, a P/E/G ratio of 1.99 and a beta of 0.97. ZoomInfo Technologies has a 52-week low of $23.29 and a 52-week high of $62.28.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last posted its earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $277.90 million. ZoomInfo Technologies had a return on equity of 7.92% and a net margin of 18.15%. Analysts expect that ZoomInfo Technologies will post 0.46 EPS for the current fiscal year.

About ZoomInfo Technologies

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ZoomInfo Technologies Inc, through 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.

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