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

ZoomInfo Technologies Inc. (NASDAQ:ZI) was the target of a significant growth in short interest in 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. Approximately 4.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,260,000 shares, the days-to-cover ratio is presently 2.0 days.

ZoomInfo Technologies Stock Up 1.2 %

Shares of ZI opened at $10.58 on Tuesday. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 352.78, a PEG ratio of 13.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $16.98. The stock has a fifty day moving average of $10.41 and a 200-day moving average of $10.50.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). The company had revenue of $309.10 million for 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%. As a group, sell-side analysts anticipate that ZoomInfo Technologies will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZI has been the topic of a number of analyst reports. Barclays increased their price target 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. Canaccord Genuity Group increased their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Morgan Stanley increased their price target 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. Piper Sandler raised ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $10.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Citigroup increased their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Five 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’s stock. According to MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and an average price target of $11.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new position in ZoomInfo Technologies during the 4th quarter worth $109,000. Jefferies Financial Group Inc. acquired a new stake in ZoomInfo Technologies during the 4th quarter worth about $150,000. Principal Street Partners LLC grew its holdings in ZoomInfo Technologies by 0.6% during the 4th quarter. Principal Street Partners LLC now owns 976,488 shares of the company’s stock worth $10,263,000 after acquiring an additional 6,141 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ZoomInfo Technologies by 17.5% during the 4th 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 acquiring an additional 139,629 shares during the period. Finally, Woodline Partners LP acquired a new stake in ZoomInfo Technologies during the 4th quarter worth about $308,000. 95.47% of the stock is 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.