Stocks of ZoomInfo Technologies Inc. (NASDAQ:ZI) traded higher last session on Wall Street, up 0.87% to $16.30.
According to the data, ZoomInfo Technologies Inc. (NASDAQ:ZI) has 22 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $19.00, we find $25.85. Given the previous closing price of $16.16, this indicates a potential upside of 59.96 percent. ZI stock price is now -11.95% away from the 50-day moving average and -30.86% away from the 200-day moving average. The market capitalization of the company currently stands at $6.54B.
A total of 8 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $25.34 as their price target over the next twelve months.
With the price target of $19, Citigroup recently initiated with Neutral rating for ZoomInfo Technologies Inc. (NASDAQ: ZI).
In other news, Dasdan Ali, Chief Technology Officer sold 11,977 shares of the company’s stock on Sep 14. The stock was sold for $206,800 at an average price of $17.27. Upon completion of the transaction, the Chief Technology Officer now directly owns 35,929 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, Chief Accounting Officer Cadambi Sriprasadh sold 9,218 shares of the business’s stock. A total of $167,399 was realized by selling the stock at an average price of $18.16. Insiders disposed of 74,392,525 shares of company stock worth roughly $1.21 billion over the past 1 year. A total of 24.51% 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 HOLOCENE ADVISORS, LP during the first quarter worth $60,981,000. BAIRD FINANCIAL GROUP, INC. invested $26,580,000 in shares of ZI during the first quarter. In the first quarter, KINETIC PARTNERS MANAGEMENT, LP acquired a new stake in ZoomInfo Technologies Inc. valued at approximately $22,657,000. CONTOUR ASSET MANAGEMENT LLC acquired a new stake in ZI for approximately $18,811,000. CERCANO MANAGEMENT LLC purchased a new stake in ZI valued at around $17,717,000 in the second quarter. In total, there are 601 active investors with 67.14% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $16.00 for ZoomInfo Technologies Inc. (NASDAQ: ZI). During the past 12 months, ZoomInfo Technologies Inc. has had a low of $15.53 and a high of $48.76. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.55, and a quick ratio of 1.55. According to the stock market information, the enterprise value for the company is $7.14B, which is based on a 53.15 price-to-earnings ratio, a 2.74 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for ZI is $18.32 and a two-hundred day moving average price translates $23.50 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 10.32% and return on equity was 5.53% 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 $311.62M in revenue.
