In the latest trading session,, 14.62 million ZoomInfo Technologies Inc (NASDAQ:ZI) shares changed hands as the company’s beta touched 1.09. With the company’s most recent per share price at $11.02 changed hands at -$2.06 or -15.79% at last look, the market valuation stands at $4.02B. ZI’s current price is a discount, trading about -75.95% off its 52-week high of $19.39. The share price had its 52-week low at $7.65, which suggests the last value was 30.58% up since then. When we look at ZoomInfo Technologies Inc’s average trading volume, we note the 10-day average is 10.57 million shares, with the 3-month average coming to 6.95 million.
Analysts gave the ZoomInfo Technologies Inc (ZI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.71. If we narrow down to specifics, the data shows that 1 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended ZI as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. ZoomInfo Technologies Inc’s EPS for the current quarter is expected to be 0.22.
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ZoomInfo Technologies Inc (NASDAQ:ZI) trade information
Instantly ZI was in red as seen in intraday trades today. With action -6.97%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.43%, with the 5-day performance at -6.97% in the red. However, in the 30-day time frame, ZoomInfo Technologies Inc (NASDAQ:ZI) is 8.42% up. Looking at the short shares, we see there were 41.5 million shares sold at short interest cover period of 6.29 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 38.78% from its recent market value. According to analyst projections, ZI’s forecast low is 7 with 78 as the target high. To hit the forecast high, the stock’s price needs a -607.8% plunge from its current level, while the stock would need to tank 36.48% for it to hit the projected low.
ZoomInfo Technologies Inc (ZI) estimates and forecasts
Data shows that the ZoomInfo Technologies Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.36% over the past 6 months, a -12.87% in annual growth rate that is considerably lower than the industry average of 15.10%. Year-over-year growth is forecast to reach -3.40% down from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 299.38M. 20 analysts are of the opinion that ZoomInfo Technologies Inc’s revenue for the current quarter will be 296.87M. The company’s revenue for the corresponding quarters a year ago was 311.75M and 316.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.00%. The estimates for the next quarter sales put growth at -6.20%.
The 2024 estimates are for ZoomInfo Technologies Inc earnings to decrease by -8.87%, but the outlook for the next 5-year period is at 4.68% per year.
ZI Dividends
ZoomInfo Technologies Inc is expected to release its next quarterly earnings report on 2024-Nov-12.
ZoomInfo Technologies Inc (NASDAQ:ZI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.41% of ZoomInfo Technologies Inc shares while 87.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.14%.
