ZoomInfo Technologies Inc. (NASDAQ:ZI) has a beta value of 1.06 and has seen 13.95 million shares traded in the last trading session. The company, currently valued at $3.76B, closed the last trade at $10.28 per share which meant it gained $0.14 on the day or 1.38% during that session. The ZI stock price is -88.62% off its 52-week high price of $19.39 and 25.58% above the 52-week low of $7.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.63 million shares traded. The 3-month trading volume is 7.24 million shares.
The consensus among analysts is that ZoomInfo Technologies Inc. (ZI) is Buy stock at the moment, with a recommendation rating of 2.64. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 14 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.22.
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ZoomInfo Technologies Inc. (NASDAQ:ZI) trade information
Sporting 1.38% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ZI stock price touched $10.28 or saw a rise of 0.77%. Year-to-date, ZoomInfo Technologies Inc. shares have moved -44.40%, while the 5-day performance has seen it change 7.53%. Over the past 30 days, the shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) have changed -3.20%. Short interest in the company has seen 26.84 million shares shorted with days to cover at 4.4.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 42.89% from current levels. The projected low price target is $7.0 while the price target rests at a high of $78.0. In that case, then, we find that the current price level is -658.75% off the targeted high while a plunge would see the stock lose 31.91% from current levels.
ZoomInfo Technologies Inc. (ZI) estimates and forecasts
Figures show that ZoomInfo Technologies Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -32.94% over the past 6 months, with this year growth rate of -12.87%, compared to 4.60% for the industry. Revenue growth from the last financial year stood is estimated to be -3.10%.
20 analysts offering their estimates for the company have set an average revenue estimate of 299.38M for the current quarter. 20 have an estimated revenue figure of 296.87M for the next ending quarter. Year-ago sales stood 311.75M and 316.4M respectively for this quarter and the next, and analysts expect sales will shrink by -4.00% for the current quarter and -3.10% for the next.
Earnings growth for 2024 is a modest -13.11% while over the next 5 years, the company’s earnings are expected to increase by 4.68%.
ZI Dividends
ZoomInfo Technologies Inc. is expected to release its next earnings report on 2024-Nov-12 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 10.41% of the company shares, while shares held by institutions stand at 90.90% with a share float percentage of 101.46%. Investors are also buoyed by the number of investors in a company, with ZoomInfo Technologies Inc. having a total of 470.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Advisor Growth Opportunities Fund and Vanguard Total Stock Market Index Fund . As of Aug 31, 2024 , the former fund manager holds about 3.32% shares in the company for having 12.14 shares of worth $124.77 million while later fund manager owns 10.12 shares of worth $104.01 million as of Jun 30, 2024 , which makes it owner of about 2.77% of company’s outstanding stock.
