Is ZoomInfo Technologies Inc. (NASDAQ: ZI) Back In The Buying Zone?

Currently, there are 384.83M common shares owned by the public and among those 284.48M shares have been available to trade.

The company’s stock has a 5-day price change of 0.31% and 3.20% over the past three months. ZI shares are trading -12.71% year to date (YTD), with the 12-month market performance down to -26.13% lower. It has a 12-month low price of $12.36 and touched a high of $30.16 over the same period. ZI has an average intraday trading volume of 7.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.90%, -2.03%, and -13.44% respectively.

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Institutional ownership of ZoomInfo Technologies Inc. (NASDAQ: ZI) shares accounts for 73.80% of the company’s 384.83M shares outstanding.

It has a market capitalization of $6.13B and a beta (3y monthly) value of 1.17. The stock’s trailing 12-month PE ratio is 60.52, while the earnings-per-share (ttm) stands at $0.27. The company has a PEG of 5.68 and a Quick Ratio of 1.35 with the debt-to-equity ratio at 0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.89% over the week and 4.02% over the month.

Analysts forecast that ZoomInfo Technologies Inc. (ZI) will achieve an EPS of $0.23 for the current quarter, $0.25 for the next quarter and $1.09 for 2025. The lowest estimate earnings-per-share for the quarter is $0.21 while analysts give the company a high EPS estimate of $0.25. Comparatively, EPS for the current quarter was $0.24 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.25%, and 9.07% over the next financial year.

Looking at the support for the ZI, a number of firms have released research notes about the stock. Citigroup stated their Sell rating for the stock in a research note on February 08, 2024, with the firm’s price target at $20-$13. Jefferies coverage for the ZoomInfo Technologies Inc. (ZI) stock in a research note released on February 07, 2024 offered a Buy rating with a price target of $20. Morgan Stanley was of a view on February 01, 2024 that the stock is Equal-Weight, while BofA Securities gave the stock Buy rating on January 29, 2024, issuing a price target of $20- $25. Barclays on their part issued Equal Weight rating on January 12, 2024.

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