In the past week, ZI stock has gone up by 2.15%, with a monthly decline of -2.25% and a quarterly plunge of -0.70%. The volatility ratio for the week is 2.37%, and the volatility levels for the last 30 days are 3.16% for ZoomInfo Technologies Inc.. The simple moving average for the past 20 days is -0.28% for ZI’s stock, with a -9.28% 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 above average at 58.72x. The 36-month beta value for ZI is also noteworthy at 1.13. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ZI is 343.00M, and at present, short sellers hold a 3.84% of that float. The average trading volume of ZI on April 23, 2024 was 6.41M shares.
ZI) stock’s latest price update
ZoomInfo Technologies Inc. (NASDAQ: ZI)’s stock price has gone rise by 0.84 in comparison to its previous close of 15.53, however, the company has experienced a 2.15% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that ZoomInfo (ZI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Analysts’ Opinion of ZI
Many brokerage firms have already submitted their reports for ZI stocks, with KeyBanc Capital Markets repeating the rating for ZI by listing it as a “Overweight.” The predicted price for ZI in the upcoming period, according to KeyBanc Capital Markets is $20 based on the research report published on March 21, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see ZI reach a price target of $13, previously predicting the price at $20. The rating they have provided for ZI stocks is “Sell” according to the report published on February 08th, 2024.
Jefferies gave a rating of “Buy” to ZI, setting the target price at $20 in the report published on February 07th of the current year.
ZI Trading at -3.57% 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 -48.07% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +0.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.64% upper at present.
During the last 5 trading sessions, ZI rose by +2.15%, which changed the moving average for the period of 200-days by -36.96% in comparison to the 20-day moving average, which settled at $15.71. In addition, ZoomInfo Technologies Inc. saw -15.31% 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 6,334 shares at the price of $16.56 back on Mar 04 ’24. After this action, Dasdan Ali now owns 69,954 shares of ZoomInfo Technologies Inc., valued at $104,916 using the latest closing price.
Dasdan Ali, the Chief Technology Officer of ZoomInfo Technologies Inc., sale 5,007 shares at $14.69 during a trade that took place back on Dec 04 ’23, which means that Dasdan Ali is holding 50,953 shares at $73,577 based on the most recent closing price.
Stock Fundamentals for ZI
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.85 for the gross margin
The net margin for ZoomInfo Technologies Inc. stands at 0.09. The total capital return value is set at 0.04. Equity return is now at value 4.89, with 1.53 for asset returns.
Based on ZoomInfo Technologies Inc. (ZI), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 5.75.
Currently, EBITDA for the company is 350.4 million with net debt to EBITDA at 2.56. When we switch over and look at the enterprise to sales, we see a ratio of 5.51. The receivables turnover for the company is 4.41for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
In summary, ZoomInfo Technologies Inc. (ZI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
