The stock of ZoomInfo Technologies Inc. (NASDAQ:ZI) decreased by -$0.36 on Monday to finish at $18.41, down -1.92 percent. The last five days have seen an average of 6,515,120 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$11.70. The average number of shares traded over the last 20 days was 8,520,660, while the average volume over the last 50 days totaled 7,740,618.
ZI stock dropped -32.54% since last month. On 08/08/23, the company’s shares reached a one-month low of $18.00. The stock touched a high of $51.86 on 01/03/23, after rallying from a low of $18.00 in 52 weeks. The price of ZI stock has declined by -38.86% or -$11.70 this year, reaching a new high 1 time. Still, the stock price is down -64.50% from the 52-week high.
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Insider Transactions
ZI stock investors should be aware that ZoomInfo Technologies Inc. (ZI) stock had its last reported insider trading activity 41 days ago on Jul 05. On Jul 05, Chief Financial Officer Hyzer Peter Cameron sold 10,000 shares at $25.46 each. This transaction resulted in the insider making $254,600. On Jun 20, Hays Joseph Christopher sold 30,000 shares at a price of US$26.49. After the transaction, the insider now owns 551,456 shares. Chief Executive Officer Schuck Henry had earlier sold 2,000,000 shares on Jun 16 for $26.52 a share. The transaction was completed for $53,046,114.
Valuation Metrics
ZoomInfo Technologies Inc. (ZI) has a trailing price-to-earnings (P/E) ratio of 59.97. Beta for the stock is 1.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.05, the price-to-book (PB) ratio of 3.15, and the price-to-cash flow ratio of 19.03.
Financial Health
For the three months ended June 29, ZoomInfo Technologies Inc.’s quick ratio was 1.60, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.52, and the total debt to equity ratio is 0.53. As far as profitability goes, gross margin for the trailing twelve months is 84.50% percent. ZoomInfo Technologies Inc.’s EBITDA margin for the year ended June 29 was 24.68%, whereas its operating margin stood at 23.30% for the same period. Based on annual data, it had gross profit of $957.8 million and revenue of $1.1 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ZI’s return on assets (ROA) during the last 12 months has been 1.70%. There was a 2.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.40%.
Earnings Surprise
According to ZoomInfo Technologies Inc.’s quarterly financial report for the quarter that ended June 29, it had $1.23 billion in total debt versus $150.6 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $274.9 million, while revenues rose by 15.46% to $265.7 million. It was predicted that ZoomInfo Technologies Inc.’s quarterly earnings would be $0.26, but it ended up being $0.23, beating the consensus by 13.00%. EBITDA was $99.4 million for the quarter. At the end of ZoomInfo Technologies Inc.’s most recent quarter ended June 29, its liabilities totaled 4.85 billion, while its total debt was $1.32 billion. Equity owned by shareholders amounts to $401.47 million.
Technical Picture
Here’s a quick look at ZoomInfo Technologies Inc.’s (ZI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 23.42%, suggesting the stock is oversold, with a 18.90% historical volatility rate.
The stochastic %K and %D were 6.40% and 5.49% respectively, while the average true range (ATR) was 0.91. Based on the 14-day stochastic reading of 4.98%, the RSI (14) reading is 27.98%. On the 9-day MACD Oscillator, the stock is at 0.03, and the 14-day reading is at -1.98.
Analyst Ratings
ZoomInfo Technologies Inc. (NASDAQ: ZI) was downgraded by Wolfe Research to a a Peer perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned ZoomInfo Technologies Inc. (ZI) an Overweight rating. ZI is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 13 others recommend it as a buy.
What is ZI’s price target for the next 12 months?
The current consensus forecast for the stock is between $20.00 and $35.00, with a median target price of $26.00. In analyzing these forecasts, the average price target given by analysts for ZoomInfo Technologies Inc. (ZI) is $26.85.
