ZoomInfo Technologies Inc. (NASDAQ:ZI) has a beta value of 1.17 and has seen 0.72 million shares traded in the recent trading session. The company, currently valued at $6.04B, closed the recent trade at $15.90 per share which meant it gained $0.06 on the day or 0.41% during that session. The ZI stock price is -89.69% off its 52-week high price of $30.16 and 22.26% above the 52-week low of $12.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.28 million shares traded. The 3-month trading volume is 6.75 million shares.
ZoomInfo Technologies Inc. (NASDAQ:ZI) trade information
Sporting 0.41% in the green today, the stock has traded in the red over the last five days, when the ZI stock price touched $15.90 or saw a rise of 2.93%. Year-to-date, ZoomInfo Technologies Inc. shares have moved -13.98%, while the 5-day performance has seen it change -2.66%. Over the past 30 days, the shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have changed -6.61%. Short interest in the company has seen 16.42 million shares shorted with days to cover at 1.87.
ZoomInfo Technologies Inc. (ZI) estimates and forecasts
Figures show that ZoomInfo Technologies Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -3.78% over the past 6 months, with this year growth rate of -0.99%, compared to -9.70% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -4.20% and -3.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 2.60%.
20 analysts offering their estimates for the company have set an average revenue estimate of $308.78 million for the current quarter. 20 have an estimated revenue figure of $313.14 million for the next quarter concluding in Jun 2024. Year-ago sales stood $300.33 million and $310.93 million respectively for this quarter and the next, and analysts expect sales will grow by 2.80% for the current quarter and 0.70% for the next.
Earnings growth for 2024 is a modest -1.25% while over the next 5 years, the company’s earnings are expected to increase by 10.65%.
ZI Dividends
ZoomInfo Technologies Inc. is expected to release its next earnings report between February 05 and February 09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
ZoomInfo Technologies Inc. (NASDAQ:ZI)’s Major holders
Insiders own 9.87% of the company shares, while shares held by institutions stand at 90.32% with a share float percentage of 100.21%. Investors are also buoyed by the number of investors in a company, with ZoomInfo Technologies Inc. having a total of 510 institutions that hold shares in the company. The top two institutional holders are Carlyle Group Inc. with over 35.24 million shares worth more than $555.1 million. As of Dec 30, 2023, Carlyle Group Inc. held 9.28% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 33.29 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $524.28 million and represent 8.77% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Dec 30, 2023, the former fund manager holds about 2.91% shares in the company for having 11.05 million shares of worth $173.99 million while later fund manager owns 8.98 million shares of worth $141.46 million as of Jan 30, 2024, which makes it owner of about 2.37% of company’s outstanding stock.
