Would It Be A Good Move Today To Sell ZoomInfo Technologies Inc. (ZI) Stock?

As of Thursday close, ZoomInfo Technologies Inc.’s (NASDAQ:ZI) stock was up $1.88, moving up 4.20 percent to $46.66. The average number of shares traded per day over the past five days has been 5,042,680 shares. 5 times new highs have been achieved over the past 5 days, with a $9.14 gain in that time frame. In the last twenty days, the average volume was 3,510,835, while in the previous 50 days, it was 4,882,692.

Since last month, ZI stock rose 29.47%. Shares of the company fell to $32.82 on 07/05/22, the lowest level in the past month. A 52-week high of $79.17 was reached on 01/03/22 after having rallying from a 52-week low of $30.31. Since the beginning of this year, ZI’s stock price has dropped by -27.32% or -$17.54, and marked a new high 1 time. However, the stock has declined by -41.06% since its 52-week high.

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ZoomInfo Technologies Inc. (ZI) last reported insider trading activity 60 days ago on Jun 06. Schuck Henry, the Chief Executive Officer of the company, disposed of 143,761 shares for $42.36 on Jun 06. It resulted in a $6,089,824 divestment by the insider. Schuck Henry sold 48,264 shares at an average price of $42.05 on Jun 03. The insider now owns 15,431,762 shares following the transaction. On Jun 02, Pres, Chief Operating Officer Hays Joseph Christopher sold 36,888 shares at $42.39 apiece. The transaction was valued at $1,563,811.

Valuation Metrics

Right now, ZoomInfo Technologies Inc. (ZI) has a P/E ratio of about 1333.14. Besides these, the trailing price-to-sales (P/S) ratio of 22.03, the price-to-book (PB) ratio of 9.06, and the price-to-cash flow ratio of 64.38 may also be considered.

Financial Health

In the three months ended June 29, ZoomInfo Technologies Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.60, and the total debt-to-equity ratio was 0.60. On the profitability front, the trailing twelve-month gross margin is 81.90% percent. In the year ended June 29, operating margins totaled 13.80%. Based on annual data, ZI earned $645.8 million in gross profit and brought in $747.2 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.10%. Return on equity (ROE) for the past 12 months was 7.40%.

In ZoomInfo Technologies Inc.’s quarter-end financial report for June 29, it reported total debt of $1.23 billion against cash and short-term investments of $12.9 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ZI’s revenue rose 35.24% to $208.9 million during the quarter, while net income inched up to $232.4 million. While analysts expected ZoomInfo Technologies Inc. to report $0.17 quarterly earnings, the actual figure was $0.21 per share, beating the consensus estimate by 23.50%. During the quarter, the company generated $78.7 million in EBITDA. The liabilities of ZoomInfo Technologies Inc. were 4.88 billion at the end of its most recent quarter ended June 29, and its total debt was $1.3 billion. The value of shareholders’ equity is $403.44 million.

Technical Picture

This quick technical analysis looks at ZoomInfo Technologies Inc.’s (ZI) price momentum. With a historical volatility rate of 65.33%, the RSI 9-day stood at 80.27% on 04 August.

With respect to its five-day moving average, the current ZoomInfo Technologies Inc. price is up by +24.36% percent or $9.14. At present, ZI shares trade +26.01% above its 20-day simple moving average and -6.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately +20.60% above its SMA50 and -31.55% below its SMA200.

Stochastic coefficient K was 93.87% and Stochastic coefficient D was 78.38%, while ATR was 2.40. Given the Stochastic reading of 98.63% for the 14-day period, the RSI (14) reading has been calculated as 72.02%. As of today, the MACD Oscillator reading stands at 4.90, while the 14-day reading stands at 5.28.

Analyst Ratings

UBS reiterated its a Buy rating on ZoomInfo Technologies Inc. (NASDAQ: ZI) in a note to investors. The analysts firm has however raised their price target to $73, representing a possible 30.36% increase in the stock price. ZoomInfo Technologies Inc. (ZI) has been rated Buy by analysts. According to 0 brokerage firms, ZI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate ZoomInfo Technologies Inc. stock as buy, with 16 recommending it as overweight.

With a median target price of $64.50, the current consensus forecast for the stock is $50.00 – $85.00. Based on these forecasts, analysts predict ZoomInfo Technologies Inc. (ZI) will achieve an average price target of $63.52.


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