ZoomInfo Technologies Inc. (NASDAQ:ZI) Sees Significant Decrease in Short Interest

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 25,210,000 shares, a decrease of 21.3% from the December 15th total of 32,030,000 shares. Based on an average daily volume of 8,940,000 shares, the days-to-cover ratio is currently 2.8 days.

Insider Transactions at ZoomInfo Technologies

In other news, CTO Ali Dasdan sold 4,898 shares of the firm’s stock in a transaction dated 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 sale, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Henry Schuck purchased 492,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the purchase, the chief executive officer now owns 12,280,501 shares in the company, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.10% of the stock is currently owned by corporate insiders.

Institutional Trading of ZoomInfo Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new position in ZoomInfo Technologies during the 3rd quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ZoomInfo Technologies during the third quarter valued at approximately $37,000. GAMMA Investing LLC boosted its holdings in ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after purchasing an additional 2,134 shares during the last quarter. KBC Group NV grew its position in 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 purchasing an additional 2,635 shares during the period. Finally, American Trust bought a new stake in ZoomInfo Technologies in the 3rd quarter worth approximately $104,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $9.77 on Wednesday. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $18.69. The firm’s 50-day simple moving average is $10.74 and its two-hundred day simple moving average is $10.55. The stock has a market cap of $3.35 billion, a PE ratio of 325.78, a price-to-earnings-growth ratio of 13.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ZI shares. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Piper Sandler reaffirmed an “underweight” rating and issued a $10.00 price target (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Barclays upped their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Mizuho raised their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.57.

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.