ZoomInfo Technologies Sees Unusually Large Options Volume (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) saw unusually large options trading on Thursday. Stock traders bought 38,489 put options on the company. This represents an increase of 444% compared to the average volume of 7,071 put options.

ZoomInfo Technologies Trading Down 6.5 %

Shares of ZoomInfo Technologies stock traded down $1.04 during midday trading on Thursday, reaching $15.08. 9,939,903 shares of the company's stock traded hands, compared to its average volume of 6,716,959. The company has a market cap of $5.73 billion, a PE ratio of 55.48, a price-to-earnings-growth ratio of 4.10 and a beta of 1.16. The stock has a 50 day moving average of $16.32 and a 200-day moving average of $16.02. ZoomInfo Technologies has a 12 month low of $12.36 and a 12 month high of $30.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The firm had revenue of $316.40 million for the quarter, compared to analysts' expectations of $310.62 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The company's quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities analysts expect that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.

Institutional Trading of ZoomInfo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of ZoomInfo Technologies by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 33,741,205 shares of the company's stock worth $553,356,000 after acquiring an additional 2,079,385 shares during the last quarter. Wellington Management Group LLP grew its stake in ZoomInfo Technologies by 2.0% during the 3rd quarter. Wellington Management Group LLP now owns 29,570,904 shares of the company's stock worth $484,963,000 after buying an additional 586,623 shares during the last quarter. Morgan Stanley grew its stake in ZoomInfo Technologies by 7.7% during the 4th quarter. Morgan Stanley now owns 26,385,557 shares of the company's stock worth $794,469,000 after buying an additional 1,879,587 shares during the last quarter. Dragoneer Investment Group LLC grew its stake in ZoomInfo Technologies by 4.3% during the 2nd quarter. Dragoneer Investment Group LLC now owns 22,120,065 shares of the company's stock valued at $561,628,000 after purchasing an additional 916,232 shares during the last quarter. Finally, FMR LLC grew its stake in ZoomInfo Technologies by 180.0% during the 3rd quarter. FMR LLC now owns 13,859,918 shares of the company's stock valued at $227,303,000 after purchasing an additional 8,909,420 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ZI shares. The Goldman Sachs Group lifted their target price on ZoomInfo Technologies from $17.00 to $19.50 and gave the company a "neutral" rating in a report on Tuesday, February 13th. Bank of America raised ZoomInfo Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $20.00 to $25.00 in a report on Monday, January 29th. Royal Bank of Canada reissued an "underperform" rating and set a $14.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, February 13th. Needham & Company LLC reissued a "buy" rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, February 20th. Finally, Stifel Nicolaus boosted their price objective on ZoomInfo Technologies from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.58.

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.