ZoomInfo Technologies Inc (NASDAQ: ZI) Must Gain 37.28% To Achieve Consensus Price Target

ZoomInfo Technologies Inc (NASDAQ:ZI) has a beta value of 1.03 and has seen 12.32 million shares traded in the last trading session. The company, currently valued at $4.23B, closed the last trade at $11.29 per share which meant it lost -$0.04 on the day or -0.35% during that session. The ZI stock price is -71.74% off its 52-week high price of $19.39 and 32.24% 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 4.86 million shares traded. The 3-month trading volume is 7.55 million shares.

The consensus among analysts is that ZoomInfo Technologies Inc (ZI) is Buy stock at the moment, with a recommendation rating of 2.71. 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 -0.35% in the red 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 $11.29 or saw a rise of 1.31%. Year-to-date, ZoomInfo Technologies Inc shares have moved -38.94%, while the 5-day performance has seen it change 5.12%. Over the past 30 days, the shares of ZoomInfo Technologies Inc (NASDAQ:ZI) have changed 14.04%. Short interest in the company has seen 35.94 million shares shorted with days to cover at 4.74.

Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 37.28% 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 -590.88% off the targeted high while a plunge would see the stock lose 38.0% 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 -32.07% over the past 6 months, with this year growth rate of -12.87%, compared to 8.40% for the industry. Revenue growth from the last financial year stood is estimated to be -3.40%.

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 -3.40% 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 in December 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 90.03% with a share float percentage of 100.49%. Investors are also buoyed by the number of investors in a company, with ZoomInfo Technologies Inc having a total of 472.0 institutions that hold shares in the company.