ZoomInfo Technologies Inc. (ZI): Find Out What Insiders Are Doing

ZoomInfo Technologies Inc. (NASDAQ:ZI) trading with an addition of $1.92 to $67.30 on Thursday, an upside of 2.94 percent. An average of 1,656,744 shares of common stock have been traded in the last five days. There was a gain of $4.23 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 3,083,786 shares traded, while the 50-day average volume stands at 4,033,658.

ZI stock has decreased by -2.43% in the last month. The company shares reached their 1-month lowest point of $59.23 on 10/01/21. With the stock rallying to its 52-week high on 09/17/21, shares of the company touched a low of $35.50 and a high of $69.72 in 52 weeks. It has reached a new high 13 times so far this year and achieved 35.56% or $18.94 in price. In spite of this, the price is down -3.47% from the 52-week high.


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Insider Transactions

3 days have passed since ZoomInfo Technologies Inc. (ZI) last reported insider trading activity. Carlyle Group Inc., who is 10% Owner, most recently acquired $101,589 shares at $62.73 per share on Oct 11. In this transaction, the insider spent $6,372,885. 10% Owner, CG Subsidiary Holdings L.L.C., disposed of 101,589 shares at a price of $62.73 on Oct 11. The insider now owns more than $6,372,885 worth of shares. Prior to that, 10% Owner Carlyle Group Inc. went on to Sale 98,781 shares at $62.66 each on Oct 08. An amount of $6,189,604 was transacted.

Valuation Metrics

ZoomInfo Technologies Inc. (ZI) has a trailing price-to-earnings (P/E) ratio of 257.40, which compares with the 29.20 for the broader industry and 37.83 for the sector. In the last five years, ZoomInfo Technologies Inc.’s PE ratio has ranged between 297.91 and 216.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 43.80, the price-to-book (PB) ratio at 20.24, and the price-to-cash flow ratio at 93.03.

The quick ratio of ZoomInfo Technologies Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.20 and a total debt to equity ratio of 0.00 for the quarter ending June 29. ZoomInfo Technologies Inc.’s EBITDA margin for the year ending June 29 is 23.27%, while its operating margin for the same period stands at 18.80%. Its gross profit as reported stood at $392.0 million compared to revenue of $476.2 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ZoomInfo Technologies Inc.’s return on assets was 1.80%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended June 29, ZoomInfo Technologies Inc. had $66.8 million in cash and short-term investments compared to $739.2 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $9.3 million in the quarter, while revenues of $3.2 million were grew 319.35%. The analyst consensus anticipated ZoomInfo Technologies Inc.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.14, a 16.70% surprise. For the quarter, EBITDA amounted to $66.3 million. Shareholders own equity worth $391.72 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ZoomInfo Technologies Inc. (ZI) price momentum. RSI 9-day as of the close on 13 October was 68.80%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.77%.

As of today, ZI’s price is $64.17 +6.72% or $4.23 from its 5-day moving average. ZI is currently trading -1.47% lower than its 20-day SMA and +56.72% higher than its 100-day SMA. However, the stock’s current price level is +10.84% above the SMA50 and +47.17% above the SMA200.

The stochastic %K and %D were 67.27% and 50.59%, respectively, and the average true range (ATR) was 2.31. With the 14-day stochastic at 89.01% and the average true range at 2.38, the RSI (14) stands at 62.13%. The stock has reached 2.25 on the 9-day MACD Oscillator while the 14-day reading was at 2.65.

Analyst Ratings

Barclays upgraded ZoomInfo Technologies Inc. (NASDAQ: ZI) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a an Equal weight.The consensus rating for ZoomInfo Technologies Inc. (ZI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ZI, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 others rate it as a “buy”.

What is ZI’s price target for the next 12 months?

Analysts predict a range of price targets between $60.00 and $85.00, with a median target of $73.00. Taking a look at these predictions, the average price target given by analysts for ZoomInfo Technologies Inc. (ZI) stock is $73.00.

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