ZoomInfo Technologies Inc. (NASDAQ: ZI) Is Something To Consider Today. – Marketing Sentinel
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ZoomInfo Technologies Inc. (NASDAQ: ZI) Is Something To Consider Today.

In today’s recent session, 0.97 million shares of the ZoomInfo Technologies Inc. (NASDAQ:ZI) were traded. Most recently the company’s share price was $36.03, and it changed around $1.71 or 4.97% from the last close, which brings the market valuation of the company to $13.19B. ZI at last check was trading at a discount to its 52-week high of $79.17, offering almost -119.73% off that amount. The share price’s 52-week low was $30.31, which indicates that the recent value has risen by an impressive 15.88% since then. We note from ZoomInfo Technologies Inc.’s average daily trading volume that its 3-month average coming to 4.12 million.

ZoomInfo Technologies Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 18 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended ZI as a Hold, whereas 15 deemed it a Buy, and 0 rated it as Underweight. ZoomInfo Technologies Inc. is expected to report earnings per share of $0.17 for the current quarter.

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ZoomInfo Technologies Inc. (NASDAQ:ZI) trade information

Instantly ZI has been showing a green trend so far today with a performance of 4.97% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 35.86 on Tuesday, 06/21/22 decreased the stock’s daily price by -0.47%. The company’s shares are currently down -46.54% year-to-date, but still up 10.53% over the last five days. On the other hand, ZoomInfo Technologies Inc. (NASDAQ:ZI) is -14.41% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $73.53, which translates to bulls needing to increase their stock price by 51.0% from its current value. Analyst projections state that ZI is forecast to be at a low of $64.00 and a high of $100.00. In order for the stock price to hit the forecast high, the stock would need to plunge -177.55% from its current level, while the stock would need to crash -77.63% from its current level to reach the projected low.

ZoomInfo Technologies Inc. (ZI) estimates and forecasts

ZoomInfo Technologies Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -45.29 percent over the past six months and at a 33.33% annual growth rate that is well above the industry average of 3.70%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 21.40% in revenue this quarter, and will report an increase of 46.20% in the next quarter. The year-over-year growth rate is expected to be 41.00%, up from the previous year.

Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $252.13 million in revenue for the current quarter. 15 analysts expect ZoomInfo Technologies Inc. to make $271.1 million in revenue for the quarter ending Sep 2022. The company’s sales for the same quarters a year ago were $174 million and $183.76 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 44.90%. Forecasts for the next quarter put sales growth at 47.50%.

ZoomInfo Technologies Inc. earnings are expected to increase by 372.90% in 2022, but the outlook is positive 32.11% per year for the next five years.

ZI Dividends

ZoomInfo Technologies Inc.’s next quarterly earnings report is expected to be released around May 02 and May 06.

ZoomInfo Technologies Inc. (NASDAQ:ZI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 11.71% of ZoomInfo Technologies Inc. shares, and 86.98% of them are in the hands of institutional investors. The stock currently has a share float of 98.51%. ZoomInfo Technologies Inc. stock is held by 516 institutions, with TA Associates, L.P. being the largest institutional investor. By Dec 30, 2021, it held 11.35% of the shares, which is about 45.8 million shares worth $2.94 billion.

TA Associates, L.P., with 11.35% or 45.8 million shares worth $2.94 billion as of Dec 30, 2021, holds the second largest percentage of outstanding shares.

Growth Fund Of America Inc and Growth Fund Of America Inc were the top two Mutual Funds as of Feb 27, 2022. The former held 12.58 million shares worth $687.86 million, making up 3.12% of all outstanding shares. On the other hand, Growth Fund Of America Inc held roughly 12.58 million shares worth around $687.86 million, which represents about 3.12% of the total shares outstanding.

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