ZoomInfo Technologies Inc. (NASDAQ:ZI) shares traded 2.46% higher at $16.23 on Wall Street last session.
ZI stock price is now -0.17% away from the 50-day moving average and -8.22% away from the 200-day moving average. The market capitalization of the company currently stands at $6.16B.
With the price target of $20, KeyBanc Capital Markets recently initiated with Overweight rating for ZoomInfo Technologies Inc. (NASDAQ: ZI). On February 08, 2024, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $20 to quote $13, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Dasdan Ali, Chief Technology Officer sold 6,334 shares of the company’s stock on Mar 04 ’24. The stock was sold for $104,916 at an average price of $16.56. Upon completion of the transaction, the Chief Technology Officer now directly owns 69,954 shares in the company, valued at $1.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’23, Chief Technology Officer Dasdan Ali sold 5,007 shares of the business’s stock. A total of $73,577 was realized by selling the stock at an average price of $14.69. This leaves the insider owning 50,953 shares of the company worth $0.83 million. A total of 25.08% of the company’s stock is owned by insiders.
During the past 12 months, ZoomInfo Technologies Inc. has had a low of $12.36 and a high of $30.16. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 1.35, and a quick ratio of 1.35. According to the stock market information, the enterprise value for the company is $6.93B, which is based on a 60.85 price-to-earnings ratio, a 5.71 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for ZI is $16.26 and a two-hundred day moving average price translates $17.64 for the stock.
The latest earnings results from ZoomInfo Technologies Inc. (NASDAQ: ZI) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $0.26, beating analysts’ expectations of $0.25 by 0.01. This compares to $0.06 EPS in the same period last year. The net profit margin was 8.66% and return on equity was 4.89% for ZI. The company reported revenue of $316.4 million for the quarter, compared to $301.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.91 percent. For the current quarter, analysts expect ZI to generate $308.74M in revenue.
ZoomInfo Technologies Inc.(ZI) 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. It serves enterprises, mid-market companies, and down to small businesses that operate in various industry, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate. The company was founded in 2007 and is headquartered in Vancouver, Washington.
