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ZoomInfo Technologies Inc. (ZI) Stock Could Soon Reward Patient Investors

ZoomInfo Technologies Inc. (NASDAQ: ZI) is -13.14% lower on its value in year-to-date trading and has touched a low of $12.36 and a high of $30.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZI stock was last observed hovering at around $16.03 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $16.06, the stock is -0.19% and -1.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.92 million and changing 0.19% at the moment leaves the stock -10.88% off its SMA200. ZI registered -33.47% loss for a year compared to 6-month gain of -1.71%. The firm has a 50-day simple moving average (SMA 50) of $5.56 and a 200-day simple moving average (SMA200) of $13.39.

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The stock witnessed a -4.18% loss in the last 1 month and extending the period to 3 months gives it a -14.67%, and is 3.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.14% over the week and 3.02% over the month.

ZoomInfo Technologies Inc. (ZI) has around 3516 employees, a market worth around $6.10B and $1.24B in sales. Current P/E ratio is 60.22 and Fwd P/E is 14.76. Profit margin for the company is 8.66%. Distance from 52-week low is 29.94% and -46.74% from its 52-week high. The company has generated returns on investments over the last 12 months (3.12%).

ZoomInfo Technologies Inc. quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $308.74M over the same period.The EPS is expected to shrink by -1.25% this year, but quarterly earnings will post 2.60% year-over-year. Quarterly sales are estimated to grow 2.80% in year-over-year returns.

ZoomInfo Technologies Inc. (ZI) Top Institutional Holders

508 institutions hold shares in ZoomInfo Technologies Inc. (ZI), with institutional investors hold 100.19% of the company’s shares. The shares outstanding are 384.83M, and float is at 284.48M with Short Float at 4.96%. Institutions hold 90.30% of the Float.

The top institutional shareholder in the company is Carlyle Group Inc. with over 36.66 million shares valued at $930.86 million. The investor’s holdings represent 9.13% of the ZI Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital World Investors with 35.15 million shares valued at $892.5 million to account for 8.76% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 31.66 million shares representing 7.89% and valued at over $803.89 million, while Blackrock Inc. holds 7.50% of the shares totaling 30.11 million with a market value of $764.39 million.

ZoomInfo Technologies Inc. (ZI) Insider Activity

The most recent transaction is an insider sale by Dasdan Ali,the company’sChief Technology Officer. SEC filings show that Dasdan Ali sold 6,334 shares of the company’s common stock on Mar 04 ’24 at a price of $16.56 per share for a total of $0.1 million. Following the sale, the insider now owns 69954.0 shares.

ZoomInfo Technologies Inc. disclosed in a document filed with the SEC on Dec 04 ’23 that Dasdan Ali (Chief Technology Officer) sold a total of 5,007 shares of the company’s common stock. The trade occurred on Dec 04 ’23 and was made at $14.69 per share for $73577.0. Following the transaction, the insider now directly holds 50953.0 shares of the ZI stock.

Still, SEC filings show that on Sep 14 ’23, Dasdan Ali (Chief Technology Officer) disposed off 11,977 shares at an average price of $17.27 for $0.21 million. The insider now directly holds 35,929 shares of ZoomInfo Technologies Inc. (ZI).

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