ZoomInfo Technologies Inc. [NASDAQ: ZI] stock went on a downward path that fall over -2.02% on Wednesday, amounting to a one-week price decrease of less than -0.27%. The company report on January 17, 2023 that ZoomInfo to Report Financial Results for Fourth Quarter and Full-Year 2022 on Feb. 6, 2023.
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ZoomInfo (NASDAQ: ZI), a global leader in modern go-to-market software, data, and intelligence, today announced that it will publish financial results for the fourth quarter and full-year 2022 following the close of U.S. financial markets on Monday, Feb. 6, 2023. The news release and any accompanying materials will be posted to the Investor Relations portion of ZoomInfo’s website at https://ir.zoominfo.com/.
On that day, ZoomInfo management will host a conference call and webcast at 4:30 p.m. ET (1:30 p.m. PT) to review financial results.
Over the last 12 months, ZI stock dropped by -47.07%. The one-year ZoomInfo Technologies Inc. stock forecast points to a potential upside of 35.14. The average equity rating for ZI stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $10.47 billion, with 401.96 million shares outstanding and 295.74 million shares in the current float. Compared to the average trading volume of 5.51M shares, ZI stock reached a trading volume of 3024474 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on ZoomInfo Technologies Inc. [ZI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZI shares is $40.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for ZoomInfo Technologies Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $35 to $34. The new note on the price target was released on January 04, 2023, representing the official price target for ZoomInfo Technologies Inc. stock. Previously, the target price had yet another raise to $66, while Morgan Stanley analysts kept a Overweight rating on ZI stock.
The Average True Range (ATR) for ZoomInfo Technologies Inc. is set at 1.30, with the Price to Sales ratio for ZI stock in the period of the last 12 months amounting to 10.27. The Price to Book ratio for the last quarter was 4.80, with the Price to Cash per share for the same quarter was set at 1.10. Price to Free Cash Flow for ZI in the course of the last twelve months was 32.74 with Quick ratio for the last quarter at 1.30.
ZI Stock Performance Analysis:
ZoomInfo Technologies Inc. [ZI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.27. With this latest performance, ZI shares dropped by -9.53% in over the last four-week period, additionally sinking by -26.12% over the last 6 months – not to mention a drop of -47.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZI stock in for the last two-week period is set at 43.22, with the RSI for the last a single of trading hit 44.27, and the three-weeks RSI is set at 42.50 for ZoomInfo Technologies Inc. [ZI]. The present Moving Average for the last 50 days of trading for this stock 28.09, while it was recorded at 26.29 for the last single week of trading, and 38.79 for the last 200 days.
Insight into ZoomInfo Technologies Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and ZoomInfo Technologies Inc. [ZI] shares currently have an operating margin of +20.53 and a Gross Margin at +79.27. ZoomInfo Technologies Inc.’s Net Margin is presently recorded at +15.63.
Return on Equity for this stock inclined to 9.34, with Return on Assets sitting at 2.54.
ZoomInfo Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
ZI Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ZoomInfo Technologies Inc. go to 30.60%.
ZoomInfo Technologies Inc. [ZI] Insider Position Details
There are presently around $9,000 million, or 90.10% of ZI stock, in the hands of institutional investors. The top three institutional holders of ZI stocks are: CARLYLE GROUP INC. with ownership of 38,021,415, which is approximately -8.758% of the company’s market cap and around 1.50% of the total institutional ownership; VANGUARD GROUP INC, holding 28,188,768 shares of the stock with an approximate value of $738.26 million in ZI stocks shares; and MORGAN STANLEY, currently with $641.81 million in ZI stock with ownership of nearly 7.542% of the company’s market capitalization.
Positions in ZoomInfo Technologies Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 258 institutional holders increased their position in ZoomInfo Technologies Inc. [NASDAQ:ZI] by around 49,504,922 shares. Additionally, 167 investors decreased positions by around 74,751,567 shares, while 34 investors held positions by with 219,383,453 shares. The mentioned changes placed institutional holdings at 343,639,942 shares, according to the latest SEC report filing. ZI stock had 90 new institutional investments in for a total of 9,340,854 shares, while 46 institutional investors sold positions of 2,766,714 shares during the same period.