ZoomInfo Technologies Inc. (ZI) Outlook Starting To Look Brighter?

ZoomInfo Technologies Inc. (ZI) concluded trading on Wednesday at a closing price of $15.50, with 3.93 million shares of worth about $60.96 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.62% during that period and on April 17, 2024 the price saw a gain of about 1.64%. Currently the company’s common shares owned by public are about 384.83M shares, out of which, 284.46M shares are available for trading.

Stock saw a price change of -1.21% in past 5 days and over the past one month there was a price change of -2.33%. Year-to-date (YTD), ZI shares are showing a performance of -16.17% which decreased to -30.83% 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 $30.16 during that period. The average intraday trading volume for ZoomInfo Technologies Inc. shares is 6.56 million. The stock is currently trading -1.59% below its 20-day simple moving average (SMA20), while that difference is down -4.46% for SMA50 and it goes to -10.98% lower than SMA200.

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ZoomInfo Technologies Inc. (NASDAQ: ZI) currently have 384.83M outstanding shares and institutions hold larger chunk of about 73.49% of that.

The stock has a current market capitalization of $5.89B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 58.12, while it has posted earnings per share of $0.27 in the same period. Its PEG reads 5.45 and has Quick Ratio of 1.35 while making debt-to-equity ratio of 0.63. 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 3.23% while standing at 3.13% over the month.

Stock’s fiscal year EPS is expected to drop by -1.24% while it is estimated to increase by 9.09% in next year.

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 KeyBanc Capital Markets on March 21, 2024 offering an Overweight rating for the stock and assigned a target price of $20 to it. Coverage by Citigroup stated ZoomInfo Technologies Inc. (ZI) stock as a Sell in their note to investors on February 08, 2024, suggesting a price target of $13 for the stock. On February 07, 2024, Jefferies Initiated their recommendations, while on February 01, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $20. Stock get a Buy rating from BofA Securities on January 29, 2024.

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