ZoomInfo Technologies Inc. (NASDAQ:ZI) saw an upside of 0.32% to close Monday at $62.53 after adding $0.2 on the day. The 5-day average trading volume is 2,043,660 shares of the company’s common stock. It has gained $64.89 in the past week. An average of 3,597,075 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,861,678.
ZI’s 1-month performance is -1.00% or -$0.63 on its low of $59.23 reached on 10/01/21. The company’s shares have touched a 52-week low of $35.50 and high of $69.72, with the stock’s rally to the 52-week high happening on 09/17/21. YTD, ZI has achieved 29.65% or $14.30. However, the current price is down -10.31%% from the 52-week high price.
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On Oct 07, 5 days have gone by since the last insider trading activity for ZoomInfo Technologies Inc. (ZI). CG Subsidiary Holdings L.L.C. (10% Owner) most recently sold 257,551 shares at $63.81 per share on Oct 07. This transaction cost the insider $16,434,984. 10% Owner, Carlyle Group Inc., sold 257,551 shares at a price of $63.81 on Oct 07. Then, on Oct 06, 10% Owner CG Subsidiary Holdings L.L.C. sold 247,567 shares at a price of $61.58 per share. This transaction amounted to $15,245,696.
The company’s PE ratio for the last five years has touched a high of 297.91 and a low of 216.30. ZI stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 41.89 while the price-to-book (PB) in the most recent quarter is 19.36, with the price to cash flow ratio at 88.97.
ZoomInfo Technologies Inc.’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.40 meaning that ZI stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.20, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 81.30%. The trailing 12-month EBITDA margin is 23.27% while for the period ending June 29; ZoomInfo Technologies Inc.’s operating margin was 18.80%. The firm’s gross profit as reported stood at $392.0 million against revenue of $476.2 million.
For the quarterly period ending June 29 this year, ZoomInfo Technologies Inc.’s cash and short-term investments amounted to $66.8 million against total debt of $819.2 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ZI to announce $0.12 per share in earnings in its latest quarter, but it posted $0.14, representing a 16.70% surprise. EBITDA for the quarter stood at more than $66.3 million. ZI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.83 billion, with total debt at $819.2 million. Shareholders hold equity totaling $391.72 million
Let’s look briefly at ZoomInfo Technologies Inc. (ZI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 45.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.47%.
The stock’s 5-day moving average is $62.27, reflecting a +3.61% or $2.18 change from its current price. ZI is currently trading -3.19% above its 20-day SMA, +51.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +16.33% and +32.23% respectively.
Stochastic %K and %D was 33.94% and 31.99% and the average true range (ATR) pointed at 2.31. The RSI (14) points at 47.25%, while the 14-day stochastic is at 33.23% with the period’s ATR at 2.40. The stock’s 9-day MACD Oscillator is pointing at 0.86 and -0.67 on the 14-day charts.
In the most recent analyst report for ZoomInfo Technologies Inc. (NASDAQ: ZI), Barclays upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for ZI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ZI as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 have offered a “buy” rating.
What is ZI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $60.00 and a high of $85.00, with their median price target at $73.00. Looking at these predictions, the average price target given by analysts is for ZoomInfo Technologies Inc. (ZI) stock is $73.00.