ZoomInfo Technologies Inc. (NASDAQ:ZI)’s Stock Performance and Outlook

In the last trading session, 16.78 million ZoomInfo Technologies Inc. (NASDAQ:ZI) shares changed hands as the company’s beta touched 1.16. With the company’s per share price at $16.02 changed hands at $0.63 or 4.09% during last session, the market valuation stood at $6.24B. ZI’s last price was a discount, traded about -88.26% off its 52-week high of $30.16. The share price had its 52-week low at $12.36, which suggests the last value was 22.85% up since then. When we look at ZoomInfo Technologies Inc.’s average trading volume, we note the 10-day average is 9.08 million shares, with the 3-month average coming to 2.39.

ZoomInfo Technologies Inc. (NASDAQ:ZI) trade information

Instantly ZI was in green as seen at the end of in last trading. With action 4.16%, the performance over the past five days has been green. The jump to weekly highs of 16.11 added 4.09% to the stock’s daily price. The company’s shares are showing year-to-date downside of -13.36%, with the 5-day performance at 4.16% in the green. However, in the 30-day time frame, ZoomInfo Technologies Inc. (NASDAQ:ZI) is -0.68% down. Looking at the short shares, we see there were 15.42 million shares sold at short interest cover period of 2.45 days.

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ZoomInfo Technologies Inc. (ZI) estimates and forecasts

Data shows that the ZoomInfo Technologies Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -14.65% over the past 6 months, a 13.64% in annual growth rate that is considerably higher than the industry average of 0.30%.

The 2024 estimates are for ZoomInfo Technologies Inc. earnings to decrease by -2.26%, but the outlook for the next 5-year period is at 8.71% per year.

ZI Dividends

ZoomInfo Technologies Inc. is expected to release its next quarterly earnings report between February 05 and February 09.

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

If we look at who the major shareholders are, we find that insiders hold 9.65% of ZoomInfo Technologies Inc. shares while 88.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.42%. There are 88.01% institutions holding the ZoomInfo Technologies Inc. stock share, with Carlyle Group Inc. the top institutional holder. As of Jun 29, 2023, the company held 9.13% of the shares, roughly 36.66 million ZI shares worth $930.86 million.

Capital World Investors holds the second largest percentage of outstanding shares, with 8.76% or 35.15 million shares worth $892.5 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. With 10.71 million shares estimated at $271.97 million under it, the former controlled 2.67% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 2.38% of the shares, roughly 9.54 million shares worth around $156.5 million.

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