ZoomInfo Technologies Inc. (NASDAQ:ZI) Short Interest Update – MarketBeat

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ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 20,100,000 shares, a growth of 42.9% from the May 31st total of 14,070,000 shares. Based on an average daily trading volume, of 4,470,000 shares, the days-to-cover ratio is presently 4.5 days.
Several brokerages have issued reports on ZI. Deutsche Bank Aktiengesellschaft cut their price objective on ZoomInfo Technologies from $80.00 to $75.00 in a research note on Tuesday, May 3rd. Barclays cut their price objective on ZoomInfo Technologies from $68.00 to $64.00 in a report on Tuesday, May 3rd. TheStreet lowered ZoomInfo Technologies from a “c-” rating to a “d” rating in a report on Thursday, May 19th. Wells Fargo & Company lowered their price target on ZoomInfo Technologies from $80.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 15th. Finally, Raymond James decreased their price objective on ZoomInfo Technologies from $70.00 to $65.00 in a report on Tuesday, May 3rd. Eighteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Buy” and a consensus target price of $76.21.
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In other news, CEO Henry Schuck sold 48,264 shares of ZoomInfo Technologies stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $42.05, for a total value of $2,029,501.20. Following the completion of the transaction, the chief executive officer now owns 15,431,762 shares in the company, valued at approximately $648,905,592.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Kirk Norman Brown sold 353,430 shares of ZoomInfo Technologies stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $60.48, for a total value of $21,375,446.40. The disclosure for this sale can be found here. Insiders have sold 921,541 shares of company stock valued at $50,787,590 over the last ninety days. 9.70% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its stake in shares of ZoomInfo Technologies by 4.2% in the 4th quarter. CIBC Asset Management Inc now owns 16,291 shares of the company’s stock valued at $1,046,000 after purchasing an additional 654 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of ZoomInfo Technologies by 77.6% in the 4th quarter. Geode Capital Management LLC now owns 2,936,245 shares of the company’s stock valued at $188,262,000 after purchasing an additional 1,283,312 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of ZoomInfo Technologies by 19.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 237,864 shares of the company’s stock valued at $15,271,000 after purchasing an additional 39,464 shares in the last quarter. Arcadia Investment Management Corp MI boosted its stake in shares of ZoomInfo Technologies by 21.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,270 shares of the company’s stock valued at $82,000 after purchasing an additional 220 shares in the last quarter. Finally, Sheets Smith Wealth Management purchased a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at $343,000. 82.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of ZI stock opened at $33.89 on Friday. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 121.04, a P/E/G ratio of 2.32 and a beta of 1.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.20. ZoomInfo Technologies has a 52 week low of $30.31 and a 52 week high of $79.17. The firm’s 50-day simple moving average is $40.19 and its two-hundred day simple moving average is $50.16.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. ZoomInfo Technologies had a net margin of 14.34% and a return on equity of 8.46%. The company had revenue of $241.70 million for the quarter, compared to analyst estimates of $227.49 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Analysts forecast that ZoomInfo Technologies will post 0.49 earnings per share for the current year.
ZoomInfo Technologies Company Profile (Get Rating)
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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