The price of ZoomInfo Technologies Inc. (NASDAQ:ZI) shares last traded on Wall Street fell -3.68% to $26.17.
Based on available information, 20 analysts follow ZoomInfo Technologies Inc. (NASDAQ:ZI). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $34.00, we find $50.00. Given the previous closing price of $27.17, this indicates a potential upside of 84.03 percent. ZI stock price is now -35.75% away from the 50-day moving average and -41.88% away from the 200-day moving average. The market capitalization of the company currently stands at $10.04B.
Among analysts, 2 rate the stock a hold while 16 rate it a buy. Brokers who have rated the stock have averaged $48.64 as their price target over the next twelve months.
On September 28, 2022, Daiwa Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $66, while ‘UBS’ rates the stock as ‘Buy’.
In other news, Hyzer Peter Cameron, Chief Financial Officer sold 5,000 shares of the company’s stock on Oct 10. The stock was sold for $216,929 at an average price of $43.39. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,137,531 shares in the company, valued at $29.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03, Pres, Chief Operating Officer Hays Joseph Christopher sold 17,797 shares of the business’s stock. A total of $746,853 was realized by selling the stock at an average price of $41.97. This leaves the insider owning 577,329 shares of the company worth $15.11 million. Insiders disposed of 78,276,408 shares of company stock worth roughly $2.05 billion over the past 1 year. A total of 5.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ZI stock. A new stake in ZoomInfo Technologies Inc. shares was purchased by VIKING GLOBAL INVESTORS LP during the first quarter worth $65,744,000. BALYASNY ASSET MANAGEMENT LLC invested $31,450,000 in shares of ZI during the first quarter. In the first quarter, ALPINVEST PARTNERS B.V. acquired a new stake in ZoomInfo Technologies Inc. valued at approximately $24,756,000. HMI CAPITAL MANAGEMENT, L.P. acquired a new stake in ZI for approximately $19,279,000. IVYROCK ASSET MANAGEMENT (HK) LTD purchased a new stake in ZI valued at around $11,690,000 in the second quarter. In total, there are 571 active investors with 88.40% ownership of the company’s stock.
A candlestick chart of ZoomInfo Technologies Inc. (NASDAQ: ZI) showed a price of $26.19 on Thursday morning. During the past 12 months, ZoomInfo Technologies Inc. has had a low of $23.29 and a high of $79.17. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for ZI is $40.73 and a two-hundred day moving average price translates $45.03 for the stock.
The latest earnings results from ZoomInfo Technologies Inc. (NASDAQ: ZI) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at $0.21, beating analysts’ expectations of $0.17 by 0.04. This compares to -$0.13 EPS in the same period last year. The net profit margin was 18.20% and return on equity was 8.80% for ZI. The company reported revenue of $287.6 million for the quarter, compared to $197.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.55 percent. For the current quarter, analysts expect ZI to generate $278.48M in revenue.
ZoomInfo Technologies Inc.(ZI) Company Profile
ZoomInfo Technologies Inc., through 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. It serves enterprises, mid-market companies, and down to small businesses that operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate. ZoomInfo Technologies Inc. was founded in 2007 and is headquartered in Vancouver, Washington.