ZoomInfo Technologies Inc. (NASDAQ:ZI) finished Thursday with a subtraction of -$0.31 to close at $17.98, a downside of -1.69 percent. An average of 5,638,140 shares of common stock have been traded in the last five days. There was a gain of $0.28 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 8,698,025 shares traded, while the 50-day average volume stands at 7,708,332.
ZI stock has decreased by -29.55% in the last month. The company shares reached their 1-month lowest point of $17.34 on 08/21/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $17.34 and a high of $48.82 in 52 weeks. It has reached a new high 1 time so far this year and lost -40.29% or -$12.13 in price. In spite of this, the price is down -63.17% from the 52-week high.
Insider Transactions
ZI stock investors should be aware that ZoomInfo Technologies Inc. (ZI) stock had its last reported insider trading activity 51 days ago on Jul 05. In this transaction, the insider spent $254,600. Pres, Chief Operating Officer, Hays Joseph Christopher, disposed of 30,000 shares at a price of $26.49 on Jun 20. The insider now owns more than $794,733 worth of shares. Prior to that, Chief Executive Officer Schuck Henry went on to Sale 2,000,000 shares at $26.52 each on Jun 16. An amount of $53,046,114 was transacted.
Valuation Metrics
ZoomInfo Technologies Inc. (ZI) has a trailing price-to-earnings (P/E) ratio of 58.57. The stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.12, the price-to-book (PB) ratio at 3.07, and the price-to-cash flow ratio at 19.25.
Financial Health
The quick ratio of ZoomInfo Technologies Inc. for the three months ended June 29 was 1.60, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.52 and a total debt to equity ratio of 0.53 for the quarter ending June 29. ZoomInfo Technologies Inc.’s EBITDA margin for the year ending June 29 is 24.68%, while its operating margin for the same period stands at 23.30%. Its gross profit as reported stood at $957.8 million compared to revenue of $1.1 billion.
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 1.70%.
Earnings Surprise
For the three-month period that ended June 29, ZoomInfo Technologies Inc. had $1.23 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $38.1 million in the quarter, while revenues of $44.5 million were grew 58.27%. The analyst consensus anticipated ZoomInfo Technologies Inc.’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.26, a 13.00% surprise. For the quarter, EBITDA amounted to $99.4 million. Shareholders own equity worth $401.47 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 24 August was 33.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.16%.
As of today, ZI’s price is $17.83 +1.58% or $0.28 from its 5-day moving average. ZI is currently trading -28.31% lower than its 20-day SMA and -27.24% lower than its 100-day SMA. However, the stock’s current price level is -36.82% below the SMA50 and -38.59% below the SMA200.
The stochastic %K and %D were 46.61% and 33.49%, respectively, and the average true range (ATR) was 0.64. With the 14-day stochastic at 42.38% and the average true range at 0.76, the RSI (14) stands at 32.03%. The stock has reached 0.12 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.
Analyst Ratings
Wolfe Research downgraded ZoomInfo Technologies Inc. (NASDAQ: ZI) to a a Peer perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for ZoomInfo Technologies Inc. (ZI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ZI, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 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 $20.00 and $35.00, with a median target of $26.00. Taking a look at these predictions, the average price target given by analysts for ZoomInfo Technologies Inc. (ZI) stock is $26.68.
