As of Wednesday close, ZoomInfo Technologies Inc.’s (NASDAQ:ZI) stock was down -$0.57, moving down -3.45 percent to $15.96. The average number of shares traded per day over the past five days has been 8,030,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.21 fall in that time frame. In the last twenty days, the average volume was 5,939,940, while in the previous 50 days, it was 6,816,914.
Since last month, ZI stock retreated -9.06%. Shares of the company fell to $15.95 on 09/20/23, the lowest level in the past month. A 52-week high of $48.76 was reached on 01/03/23 after having rallying from a 52-week low of $16.39. Since the beginning of this year, ZI’s stock price has dropped by -46.99% or -$14.15, and marked a new high 1 time. However, the stock has declined by -67.27% since its 52-week high.
ZI stock investors should be aware that ZoomInfo Technologies Inc. (ZI) stock had its last reported insider trading activity 7 days ago on Sep 14. Dasdan Ali, the Chief Technology Officer of the company, disposed of 11,977 shares for $17.27 on Sep 14. It resulted in a $206,800 divestment by the insider. Cadambi Sriprasadh sold 9,218 shares at an average price of $18.16 on Sep 05. The insider now owns 0 shares following the transaction. On Jul 05, Chief Financial Officer Hyzer Peter Cameron sold 10,000 shares at $25.46 apiece. The transaction was valued at $254,600.
Valuation Metrics
Right now, ZoomInfo Technologies Inc. (ZI) has a P/E ratio of about 51.99. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 5.36, the price-to-book (PB) ratio of 2.73, and the price-to-cash flow ratio of 16.86 may also be considered.
Financial Health
In the three months ended June 29, ZoomInfo Technologies Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, 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 0.52, and the total debt-to-equity ratio was 0.53. On the profitability front, the trailing twelve-month gross margin is 84.50% percent. In the year ended June 29, EBITDA margin amounted to 24.68%, whereas operating margins totaled 23.30%. Based on annual data, ZI earned $957.8 million in gross profit and brought in $1.1 billion 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 2.40%. Return on equity (ROE) for the past 12 months was 5.40%.
In ZoomInfo Technologies Inc.’s quarter-end financial report for June 29, it reported total debt of $1.23 billion. 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 15.46% to $265.7 million during the quarter, while net income inched up to $274.9 million. While analysts expected ZoomInfo Technologies Inc. to report $0.23 quarterly earnings, the actual figure was $0.26 per share, beating the consensus estimate by 13.00%. During the quarter, the company generated $99.4 million in EBITDA. The liabilities of ZoomInfo Technologies Inc. were 4.85 billion at the end of its most recent quarter ended June 29, and its total debt was $1.32 billion. The value of shareholders’ equity is $401.47 million.
Technical Picture
This quick technical analysis looks at ZoomInfo Technologies Inc.’s (ZI) price momentum. With a historical volatility rate of 25.60%, the RSI 9-day stood at 19.28% on 20 September.
With respect to its five-day moving average, the current ZoomInfo Technologies Inc. price is down by -7.05% percent or -$1.21. At present, ZI shares trade -10.89% below its 20-day simple moving average and -25.59% percent below its 100-day simple moving average. However, the stock is currently trading approximately -40.67% below its SMA50 and -44.79% below its SMA200.
Stochastic coefficient K was 2.82% and Stochastic coefficient D was 5.59%, while ATR was 0.53. Given the Stochastic reading of 0.37% for the 14-day period, the RSI (14) reading has been calculated as 24.81%. As of today, the MACD Oscillator reading stands at -0.61, while the 14-day reading stands at -0.95.
Analyst Ratings
Citigroup launched its rating on ZoomInfo Technologies Inc. (NASDAQ: ZI) to a Neutral in a note to investors on September 05, 2023. ZoomInfo Technologies Inc. (ZI) has been rated Overweight by analysts. According to 0 brokerage firms, ZI is a sell, and 8 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 11 recommending it as overweight.
With a median target price of $26.00, the current consensus forecast for the stock is $19.00 – $35.00. Based on these forecasts, analysts predict ZoomInfo Technologies Inc. (ZI) will achieve an average price target of $26.32.
