In yesterday’s Wall Street session, ZoomInfo Technologies Inc. (NASDAQ:ZI) shares traded at $18.50, down -0.80% from the previous session.
As of this writing, 22 analysts cover ZoomInfo Technologies Inc. (NASDAQ:ZI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $20.00, we find $26.00. Given the previous closing price of $18.65, this indicates a potential upside of 39.41 percent. ZI stock price is now -27.67% away from the 50-day moving average and -31.17% away from the 200-day moving average. The market capitalization of the company currently stands at $7.49B.
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There are 7 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $27.25 as their price target over the next twelve months.
In other news, Hyzer Peter Cameron, Chief Financial Officer sold 10,000 shares of the company’s stock on Jul 05. The stock was sold for $254,600 at an average price of $25.46. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,185,565 shares in the company, valued at $21.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20, Pres, Chief Operating Officer Hays Joseph Christopher sold 30,000 shares of the business’s stock. A total of $794,733 was realized by selling the stock at an average price of $26.49. This leaves the insider owning 551,456 shares of the company worth $10.2 million. Insiders disposed of 122,486,300 shares of company stock worth roughly $2.27 billion over the past 1 year. A total of 1.50% 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 $123,332,000. CERCANO MANAGEMENT LLC invested $20,109,000 in shares of ZI during the first quarter. In the first quarter, WORLDQUANT MILLENNIUM ADVISORS LLC acquired a new stake in ZoomInfo Technologies Inc. valued at approximately $15,020,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in ZI for approximately $15,015,000. CADIAN CAPITAL MANAGEMENT, LP purchased a new stake in ZI valued at around $14,615,000 in the second quarter. In total, there are 601 active investors with 90.10% ownership of the company’s stock.
Friday morning saw ZoomInfo Technologies Inc. (NASDAQ: ZI) opened at $18.90. During the past 12 months, ZoomInfo Technologies Inc. has had a low of $18.25 and a high of $51.86. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 1.60, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $8.15B, which is based on a 60.26 price-to-earnings ratio, a 3.71 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for ZI is $25.45 and a two-hundred day moving average price translates $26.75 for the stock.
The latest earnings results from ZoomInfo Technologies Inc. (NASDAQ: ZI) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.26, beating analysts’ expectations of $0.23 by 0.03. This compares to $0.04 EPS in the same period last year. The net profit margin was 10.30% and return on equity was 5.40% for ZI. The company reported revenue of $308.6 million for the quarter, compared to $267.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.54 percent. For the current quarter, analysts expect ZI to generate $311.63M 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, retail, media and internet, transportation, education, hospitality, and real estate. ZoomInfo Technologies Inc. was founded in 2007 and is headquartered in Vancouver, Washington.
