ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) was the target of some unusual options trading on Friday. Investors purchased 15,305 put options on the stock. This represents an increase of 105% compared to the typical daily volume of 7,456 put options.
Analysts Set New Price Targets
ZI has been the subject of several analyst reports. DA Davidson upped their price objective on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Truist Financial upped their price target on ZoomInfo Technologies from $16.00 to $20.00 and gave the company a "hold" rating in a report on Tuesday, February 13th. 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. Barclays increased their target price on shares of ZoomInfo Technologies from $18.00 to $20.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 13th. Finally, Jefferies Financial Group began coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They set a "buy" rating and a $20.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.66.
View Our Latest Stock Analysis on ZoomInfo Technologies
Institutional Trading of ZoomInfo Technologies
A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in ZoomInfo Technologies by 144.6% during the second quarter. JPMorgan Chase & Co. now owns 1,629,228 shares of the company's stock valued at $41,366,000 after purchasing an additional 963,194 shares during the last quarter. Adams Street Partners LLC bought a new stake in ZoomInfo Technologies in the 2nd quarter valued at $13,219,000. Geode Capital Management LLC grew its position in ZoomInfo Technologies by 14.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,554,327 shares of the company's stock worth $115,458,000 after purchasing an additional 588,198 shares during the last quarter. KADENSA CAPITAL Ltd bought a new position in shares of ZoomInfo Technologies during the 2nd quarter worth about $11,822,000. Finally, Quantbot Technologies LP acquired a new position in shares of ZoomInfo Technologies during the third quarter valued at about $1,256,000. 89.59% of the stock is currently owned by institutional investors and hedge funds.
ZoomInfo Technologies Stock Performance
ZI stock traded up $0.09 during mid-day trading on Friday, reaching $15.99. The company had a trading volume of 11,270,503 shares, compared to its average volume of 7,222,086. The stock's 50-day simple moving average is $16.31 and its two-hundred day simple moving average is $16.21. The stock has a market capitalization of $6.07 billion, a P/E ratio of 59.22, a P/E/G ratio of 4.21 and a beta of 1.17. ZoomInfo Technologies has a one year low of $12.36 and a one year high of $30.16. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58.
ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The company had revenue of $316.40 million during the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. Research analysts anticipate that ZoomInfo Technologies will post 0.64 EPS for the current year.
About ZoomInfo Technologies
(Get Free Report)
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.
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