Investors Buy Large Volume of Call Options on ZoomInfo Technologies (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI) saw some unusual options trading on Tuesday. Stock traders acquired 24,075 call options on the stock. This is an increase of approximately 207% compared to the typical daily volume of 7,836 call options.

Institutional Trading of ZoomInfo Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ZI. Advantage Alpha Capital Partners LP raised its holdings in ZoomInfo Technologies by 17.3% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 350,561 shares of the company’s stock valued at $3,618,000 after acquiring an additional 51,683 shares in the last quarter. FMR LLC grew its holdings in shares of ZoomInfo Technologies by 27.7% during the third quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after purchasing an additional 7,177,687 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in ZoomInfo Technologies by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,194,016 shares of the company’s stock valued at $22,642,000 after acquiring an additional 29,733 shares in the last quarter. Pacer Advisors Inc. raised its position in ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after purchasing an additional 2,585,631 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in shares of ZoomInfo Technologies by 97.6% during the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after acquiring an additional 1,267,171 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ZI shares. Royal Bank of Canada decreased their target price on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research note on Tuesday, August 6th. DA Davidson downgraded ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their price target on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Finally, Bank of America lowered shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and cut their price objective for the company from $23.00 to $8.00 in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.76.

ZoomInfo Technologies Stock Down 19.5 %

Shares of ZI stock opened at $10.53 on Thursday. The stock has a 50 day moving average of $10.49 and a 200-day moving average of $11.37. The firm has a market cap of $3.85 billion, a PE ratio of 351.12, a price-to-earnings-growth ratio of 8.00 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $19.39.

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.