The Vanguard Group, Inc. has recently announced that it has increased stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 6.65%. After grabbing 33.09 million shares, the institutional investor is now in possession of 2.06 million shares of the Technology Company. The new investment brought the stake of investor firm to 8.49% having worth around $475.55 million. Moreover, Wellington Management Co. LLP increased its share by 0.59 million to have a control over 29.57 million shares. And BlackRock Fund Advisors raised its holdings to 2.77 million shares by acquiring 26.96 million shares or 6.92% of the stake.
ZoomInfo Technologies Inc. (ZI) concluded trading on 01/03/24 at a closing price of $16.86, with 4.42 million shares of worth about $74.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.83% during that period and on Wednesday the price saw a loss of about -5.12%. Currently the company’s common shares owned by public are about 404.07M shares, out of which, 293.14M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 110 times over the past 12 months. They bought 355,392 shares in 32 of the transactions. In 78 selling transactions, insiders dumped 74,450,673 shares.
Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard US Growth Fund are the top 3 mutual funds which are holding stakes in ZoomInfo Technologies Inc. Vanguard Total Stock Market ETF is currently holding 11.35 million shares of worth totaling $163.05 million. The company recently came buying 15093.0 shares which brought its stake up to 2.91% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF bought 1670.0 shares, after which its hold over company’s outstanding shares expand to 2.42%, leaving 9.41 million shares with the mutual fund that have a worth of about $135.25 million. Vanguard US Growth Fund, after buying 8.84 million shares, have now control over 2.27% of the stake in the company. It holds 2.26 million shares of worth $127.01 million.
ZoomInfo Technologies Inc. (NASDAQ: ZI) started trading at $17.47, below -$0.3 from concluding price of the previous day. However, the stock later moved at a day high price of 17.48, or with a loss of -5.12%. Stock saw a price change of -10.94% in past 5 days and over the past one month there was a price change of 12.03%. Year-to-date (YTD), ZI shares are showing a performance of -8.82% which decreased to -44.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.36 but also hit the highest price of $31.05 during that period. The average intraday trading volume for ZoomInfo Technologies Inc. shares is 6.87 million. The stock is currently trading -2.81% below its 20-day simple moving average (SMA20), while that difference is up 9.65% for SMA50 and it goes to -16.16% lower than SMA200.
The Vanguard Group, Inc. acquired 33.09 million shares of ZoomInfo Technologies Inc. having value of about $475.55 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2.06 million shares in the company valued at close to $34797674.34, or have control over 6.65% stake in the company. ZoomInfo Technologies Inc. (NASDAQ: ZI) currently have 404.07M outstanding shares and institutions hold larger chunk of about 73.18% of that. Holding of mutual funds in the company is about 34.53% while other institutional holders and individual stake holders have control over 39.50% and 29.74% of the stake respectively.
The stock has a current market capitalization of $6.57B and its 3Y-monthly beta is at 1.18. PE ratio of stock for trailing 12 months is 49.82, while it has posted earnings per share of $0.34 in the same period. Its PEG reads 5.72 and has Quick Ratio of 1.49 while making debt-to-equity ratio of 0.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZI, volatility over the week remained 2.65% while standing at 4.33% over the month.
Analysts are in expectations that ZoomInfo Technologies Inc. (ZI) stock would likely to be making an EPS of $0.25 in the current quarter, while forecast for next quarter EPS is $0.23 and it is $0.99 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.24 which is $0.26 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 13.45% while it is estimated to decrease by -0.31% in next year.
Analysts at 22 brokerage firms have issued recommendations for the ZoomInfo Technologies Inc. (ZI)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.95. Out of those 22 Wall Street analysts, 10 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on November 01, 2023 offering a Neutral rating for the stock and assigned a target price range of between $30 and $17 to it.
