In the last trading session, 2,264,245 shares of the ZoomInfo Technologies Inc. (NASDAQ:ZI) were traded, and its beta was 0. Most recently the company’s share price was $48, and it changed around $0.44 or 0.01% from the last close, which brings the market valuation of the company to $18.78 Billion. ZI currently trades at a discount to its 52-week high of $64.4, offering almost -34.17% off that amount. The share price’s 52-week low was $30.83, which indicates that the current value has risen by an impressive 35.77% since then. We note from ZoomInfo Technologies Inc.’s average daily trading volume that its 10-day average is 1.63 Million shares, with the 3-month average coming to 2.42 Million.
ZoomInfo Technologies Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 17 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended ZI as a Hold, whereas 12 deemed it a Buy, and no one rated it as Underweight. ZoomInfo Technologies Inc. is expected to report earnings per share of $0.1 for the current quarter.
ZoomInfo Technologies Inc. (NASDAQ:ZI): Trading Information
Instantly ZI has showed a green trend with a performance of 0.93% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $50.55 on Thursday, Apr 01 increased the stock’s daily price by 5.04%. The company’s shares are currently down 0% year-to-date, but still down -0.034 over the last five days. On the other hand, ZoomInfo Technologies Inc. (NASDAQ:ZI) is 0.04% up in the 30-day period. We can see from the shorts that 6.75 Million shares have been sold at a short interest cover period of 2.79 day (s).
The consensus price target as assigned by Wall Street analysts is $64.13, which translates to bears needing to increase their stock price by 33.6% from its current value. Analyst projections state that ZI is forecast to be at a low of $57 and a high of $72. In order for the stock price to hit the forecast high, the stock would need to surge +50% from its current level, while the stock would need to crash 18.75% from its current level to reach the projected low.
ZoomInfo Technologies Inc. (ZI) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. ZoomInfo Technologies Inc. earnings are expected to increase by 53.1% in 2021, but the outlook is positive 34.27% per year for the next five years.
ZoomInfo Technologies Inc. (NASDAQ:ZI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.79% of ZoomInfo Technologies Inc. shares, and 86.16% of them are in the hands of institutional investors. The stock currently has a share float of 87.72%. ZoomInfo Technologies Inc. stock is held by 225 institutions, with Carlyle Group Inc. being the largest institutional investor. By Dec 30, 2020, it held 91.79% of the shares, which is about 93.22 Million shares worth $4.5 Billion.
FMR, LLC, with 7.8% or 7.92 Million shares worth $381.96 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Growth Fund Of America Inc and New Economy Fund (The) were the top two Mutual Funds as of Dec 30, 2020. The former held 3919071 shares worth $189.02 Million, making up 3.86% of all outstanding shares. On the other hand, New Economy Fund (The) held roughly 3.47 Million shares worth around $167.44 Million, which represents about 3.42% of the total shares outstanding.