ZoomInfo Technologies Inc. (ZI) Stock: A Review of the Recent Movement

The stock of ZoomInfo Technologies Inc. (ZI) has gone up by 4.16% for the week, with a -0.68% drop in the past month and a 27.24% rise in the past quarter. The volatility ratio for the week is 4.31%, and the volatility levels for the past 30 days are 3.42% for ZI. The simple moving average for the past 20 days is 5.56% for ZI’s stock, with a Feb 12 AMC simple moving average for the past 200 days.

Is It Worth Investing in ZoomInfo Technologies Inc. (NASDAQ: ZI) Right Now?

The price-to-earnings ratio for ZoomInfo Technologies Inc. (NASDAQ: ZI) is 47.34x, which is above its average ratio. Moreover, the 36-month beta value for ZI is 1.16.

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The public float for ZI is 294.27M and currently, short sellers hold a 5.24% of that float. On February 13, 2024, ZI’s average trading volume was 2.39 shares.

ZI) stock’s latest price update

ZoomInfo Technologies Inc. (NASDAQ: ZI) has seen a rise in its stock price by 16.02 in relation to its previous close of 19.95. However, the company has experienced a 4.16% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-12 that ZoomInfo (ZI) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.26 per share a year ago.

Analysts’ Opinion of ZI

Many brokerage firms have already submitted their reports for ZI stocks, with Citigroup repeating the rating for ZI by listing it as a “Sell.” The predicted price for ZI in the upcoming period, according to Citigroup is $13 based on the research report published on February 08, 2024 of the current year 2024.

ZI Trading at 9.11% from the 50-Day Moving Average

After a stumble in the market that brought ZI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.87% of loss for the given period.

Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares surge +1.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.66% upper at present.

During the last 5 trading sessions, ZI rose by +4.16%, which changed the moving average for the period of 200-days by -24.72% in comparison to the 20-day moving average, which settled at $15.69. In addition, ZoomInfo Technologies Inc. saw -13.36% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ZI starting from Dasdan Ali, who sale 5,007 shares at the price of $14.69 back on Dec 04. After this action, Dasdan Ali now owns 50,953 shares of ZoomInfo Technologies Inc., valued at $73,577 using the latest closing price.

Dasdan Ali, the Chief Technology Officer of ZoomInfo Technologies Inc., sale 11,977 shares at $17.27 during a trade that took place back on Sep 14, which means that Dasdan Ali is holding 35,929 shares at $206,800 based on the most recent closing price.

Stock Fundamentals for ZI

Equity return is now at value 6.12, with 1.92 for asset returns.

Conclusion

To wrap up, the performance of ZoomInfo Technologies Inc. (ZI) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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