ZoomInfo Technologies Inc. (NASDAQ:ZI) saw an upside of 0.69% to close Monday at $17.55 after adding $0.12 on the day. The 5-day average trading volume is 5,148,680 shares of the company’s common stock. It has gained $18.64 in the past week and touched a new high 1 time within the past 5 days. An average of 8,558,564 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,691,420.
ZI’s 1-month performance is -34.22% or -$9.13 on its low of $17.34 reached on 08/21/23. The company’s shares have touched a 52-week low of $17.34 and high of $50.50, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, ZI has lost -41.71% or -$12.56 and has reached a new high 1 time. However, the current price is down -65.25% from the 52-week high price.
Insider Transactions
ZI stock investors last saw insider trading activity on Jul 05.Hyzer Peter Cameron (Chief Financial Officer) most recently sold 10,000 shares at $25.46 per share on Jul 05. This transaction cost the insider $254,600. Pres, Chief Operating Officer, Hays Joseph Christopher, sold 30,000 shares at a price of $26.49 on Jun 20. Then, on Jun 16, Chief Executive Officer Schuck Henry sold 2,000,000 shares at a price of $26.52 per share. This transaction amounted to $53,046,114.
Valuation Metrics
ZI stock has a beta of 1.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.97 while the price-to-book (PB) in the most recent quarter is 3.00, with the price to cash flow ratio at 18.79.
ZoomInfo Technologies Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.52, while the total debt to equity was 0.53. In terms of profitability, the gross margin trailing 12 months is 84.50%. The trailing 12-month EBITDA margin is 24.68% while for the period ending June 29, ZoomInfo Technologies Inc.’s operating margin was 23.30%. The firm’s gross profit as reported stood at $957.8 million against revenue of $1.1 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 58.27% to $38.1 million, while revenue of $44.5 million was -16.8% off the previous quarter. Analysts expected ZI to announce $0.23 per share in earnings in its latest quarter, but it posted $0.26, representing a 13.00% surprise. EBITDA for the quarter stood at more than $99.4 million. ZI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.85 billion, with total debt at $1.32 billion. Shareholders hold equity totaling $401.47 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 21 August was 21.19% to suggest the stock is trending oversold, with historical volatility in this time period at 19.08%.
The stock’s 5-day moving average is $17.78, reflecting a -4.67% or -$0.86 change from its current price. ZI is currently trading -32.03% above its 20-day SMA, -24.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -32.21% and SMA200 by-59.66%.
Stochastic %K and %D was 5.09% and 2.38% and the average true range (ATR) pointed at 0.67. The RSI (14) points at 25.98%, while the 14-day stochastic is at 12.50% with the period’s ATR at 0.80. The stock’s 9-day MACD Oscillator is pointing at -0.53 and -0.68 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for ZoomInfo Technologies Inc. (NASDAQ: ZI), Wolfe Research downgraded it to a Peer perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for ZI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ZI as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 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 $20.00 and a high of $35.00, with their median price target at $26.00. Looking at these predictions, the average price target given by analysts is for ZoomInfo Technologies Inc. (ZI) stock is $26.85.
