ZoomInfo Technologies Inc. [NASDAQ: ZI] stock went on a downward path that fall over -3.41% on Friday, amounting to a one-week price decrease of less than -3.59%. The company report on January 16, 2024 at 9:00 AM that ZoomInfo to Report Financial Results for Fourth Quarter and Full-Year 2023 on Feb. 12, 2024.
ZoomInfo (NASDAQ: ZI), the go-to-market platform to find, acquire, and grow customers, today announced that it will publish financial results for the fourth quarter and full-year 2023 following the close of U.S. financial markets on Monday, February 12, 2024. 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 -46.08%. The one-year ZoomInfo Technologies Inc. stock forecast points to a potential upside of 24.02. The average equity rating for ZI stock is currently 2.09, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.97 billion, with 404.07 million shares outstanding and 293.11 million shares in the current float. Compared to the average trading volume of 6.76M shares, ZI stock reached a trading volume of 10384983 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 $20.15 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 2.09. 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.
Morgan Stanley have made an estimate for ZoomInfo Technologies Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on February 01, 2024.
The Average True Range (ATR) for ZoomInfo Technologies Inc. is set at 0.62, with the Price to Sales ratio for ZI stock in the period of the last 12 months amounting to 4.87. The Price to Book ratio for the last quarter was 2.68, with the Price to Cash per share for the same quarter was set at 1.46. Price to Free Cash Flow for ZI in the course of the last twelve months was 14.94 with Quick ratio for the last quarter at 1.49.
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 -3.59. With this latest performance, ZI shares dropped by -9.19% in over the last four-week period, additionally sinking by -17.91% over the last 6 months – not to mention a drop of -46.08% 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 39.81, with the RSI for the last a single of trading hit 35.52, and the three-weeks RSI is set at 43.07 for ZoomInfo Technologies Inc. [ZI]. The present Moving Average for the last 50 days of trading for this stock 16.27, while it was recorded at 16.07 for the last single week of trading, and 19.31 for the last 200 days.
Insight into ZoomInfo Technologies Inc. Fundamentals:
ZoomInfo Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.49 and a Current Ratio set at 1.49.
ZI Stock EPS
With the latest financial reports released by the company, ZoomInfo Technologies Inc. posted 0.26/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 18.20%. 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 8.71%.
ZoomInfo Technologies Inc. [ZI] Institutonal Ownership Details
The top three institutional holders of ZI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ZI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ZI stock with ownership which is approximately 5.8325%.
