Short Interest in ZoomInfo Technologies Inc. (NASDAQ:ZI) Increases By 21.0%

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 14,780,000 shares, a growth of 21.0% from the February 13th total of 12,210,000 shares. Based on an average daily trading volume, of 7,260,000 shares, the short-interest ratio is presently 2.0 days. Currently, 4.7% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZI. Morgan Stanley upped their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus raised their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Citigroup increased their target price on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $10.00 to $11.00 in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.92.

ZoomInfo Technologies Trading Down 0.9 %

NASDAQ ZI opened at $10.49 on Wednesday. The company has a quick ratio of 0.63, a current 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 $16.98. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 349.78, a price-to-earnings-growth ratio of 13.05 and a beta of 0.97. The business’s fifty day moving average is $10.42 and its 200 day moving average is $10.51.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07). The firm had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. As a group, sell-side analysts expect that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZI. Fifth Third Bancorp raised its position in shares of ZoomInfo Technologies by 47.8% in 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of ZoomInfo Technologies by 29.1% in the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after acquiring an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC grew its stake 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 acquiring an additional 4,735 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of ZoomInfo Technologies by 183.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after acquiring an additional 5,468 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of ZoomInfo Technologies by 39.0% in the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after acquiring an additional 2,635 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.