In the last trading session, 5.92 million shares of the ZoomInfo Technologies Inc. (NASDAQ:ZI) were traded, and its beta was 1.17. Most recently the company’s share price was $16.06, and it changed around $0.03 or 0.19% from the last close, which brings the market valuation of the company to $6.10B. ZI currently trades at a discount to its 52-week high of $30.16, offering almost -87.8% off that amount. The share price’s 52-week low was $12.36, which indicates that the current value has risen by an impressive 23.04% since then. We note from ZoomInfo Technologies Inc.’s average daily trading volume that its 10-day average is 3.91 million shares, with the 3-month average coming to 6.68 million.
ZoomInfo Technologies Inc. stock received a consensus recommendation rating of Underweight, based on a mean score of 2.08. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ZI as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. ZoomInfo Technologies Inc. is expected to report earnings per share of $0.23 for the current quarter.
ZoomInfo Technologies Inc. (NASDAQ:ZI) trade information
Instantly ZI has showed a green trend with a performance of 0.19% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -13.14% year-to-date, but still up 3.28% over the last five days. On the other hand, ZoomInfo Technologies Inc. (NASDAQ:ZI) is -4.18% down in the 30-day period. We can see from the shorts that 14.11 million shares have been sold at a short interest cover period of 2.65 day(s).
The consensus price target as assigned by Wall Street analysts is $44.39, which translates to bulls needing to increase their stock price by 63.82% from its current value. Analyst projections state that ZI is forecast to be at a low of $14 and a high of $85.
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 -1.71 percent over the past six months and at a -0.99% annual growth rate that is well above the industry average of -9.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -4.20% in revenue this quarter, and will report a decrease of -3.80% in the next quarter. The year-over-year growth rate is expected to be 2.60%, up from the previous year.
Consensus estimates provided by 21 financial analysts predict the company will bring in an average of $308.74 million in revenue for the current quarter. 21 analysts expect ZoomInfo Technologies Inc. to make $313.11 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $300.33 million and $310.93 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.80%. Forecasts for the next quarter put sales growth at 0.70%.
ZoomInfo Technologies Inc. earnings are expected to increase by -1.25% in 2024, but the outlook is positive 10.65% per year for the next five years.
ZI Dividends
ZoomInfo Technologies Inc.’s next quarterly earnings report is expected to be released around February 05 and February 09.
ZoomInfo Technologies Inc. (NASDAQ:ZI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.87% of ZoomInfo Technologies Inc. shares, and 90.30% of them are in the hands of institutional investors. The stock currently has a share float of 100.19%. ZoomInfo Technologies Inc. stock is held by 508 institutions, with Carlyle Group Inc. being the largest institutional investor. By Jun 29, 2023, it held 9.13% of the shares, which is about 36.66 million shares worth $930.86 million.
Capital World Investors, with 8.76% or 35.15 million shares worth $892.5 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Jun 29, 2023. The former held 10.71 million shares worth $271.97 million, making up 2.67% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 9.54 million shares worth around $156.5 million, which represents about 2.38% of the total shares outstanding.
