Investors Purchase High Volume of ZoomInfo Technologies Put Options (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of some unusual options trading activity on Monday. Investors acquired 46,198 put options on the stock. This represents an increase of 582% compared to the average daily volume of 6,772 put options.

ZoomInfo Technologies Stock Performance

ZI opened at $10.18 on Tuesday. The stock has a market cap of $3.50 billion, a PE ratio of 339.45, a price-to-earnings-growth ratio of 13.44 and a beta of 1.01. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $18.69. The business’s 50 day moving average is $10.49 and its 200-day moving average is $10.38.

Analysts Set New Price Targets

A number of research firms have weighed in on ZI. Wells Fargo & Company reissued an “equal weight” rating and issued a $11.00 target price (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Mizuho raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Citigroup raised their price objective on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a “sell” rating in a report on Thursday, November 14th. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 target price for the company. Finally, Piper Sandler restated an “underweight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of ZoomInfo Technologies in a research report on Monday, January 6th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus target price of $12.52.

Insider Activity

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares in the company, valued at $1,306,435.59. This represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Henry Schuck purchased 492,500 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the acquisition, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZI. Raleigh Capital Management Inc. acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in ZoomInfo Technologies during the 3rd quarter valued at about $37,000. Fifth Third Bancorp grew its holdings in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after acquiring an additional 1,241 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position 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 in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.