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

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

ZoomInfo Technologies Stock Down 0.9 %

ZI stock opened at $10.49 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $10.42 and its 200 day moving average is $10.51. The stock 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. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI) last posted 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 company had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. Sell-side analysts predict that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ZI shares. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Morgan Stanley upped their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $10.00 to $11.00 in a report on Wednesday, February 26th. Scotiabank upped their price objective on shares of ZoomInfo Technologies from $10.30 to $11.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Finally, Canaccord Genuity Group upped their price objective on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Five 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.com, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus price target of $11.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new position in ZoomInfo Technologies during the fourth quarter valued at approximately $109,000. Jefferies Financial Group Inc. bought a new position in ZoomInfo Technologies during the fourth quarter valued at approximately $150,000. Principal Street Partners LLC grew its position in ZoomInfo Technologies by 0.6% during the fourth quarter. Principal Street Partners LLC now owns 976,488 shares of the company’s stock valued at $10,263,000 after acquiring an additional 6,141 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of ZoomInfo Technologies by 17.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 936,601 shares of the company’s stock worth $9,844,000 after purchasing an additional 139,629 shares during the last quarter. Finally, Woodline Partners LP bought a new position in shares of ZoomInfo Technologies in the fourth quarter worth approximately $308,000. 95.47% of the stock is currently owned by institutional investors.

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.