ZoomInfo Technologies Inc. [ZI] stock Downgrade by Daiwa Securities analyst, price target now $9

ZoomInfo Technologies Inc. [NASDAQ: ZI] loss -1.26% on the last trading session, reaching $9.44 price per share at the time.

If compared to the average trading volume of 6.90M shares, ZI reached a trading volume of 5767802 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about 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 $11.08 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 2.64. 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.

Daiwa Securities have made an estimate for ZoomInfo Technologies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 13, 2024. The new note on the price target was released on August 06, 2024, representing the official price target for ZoomInfo Technologies Inc. stock. On August 06, 2024, analysts decreased their price target for ZI shares from 20 to 9.50.

The Average True Range (ATR) for ZoomInfo Technologies Inc. is set at 0.36, with the Price to Sales ratio for ZI stock in the period of the last 12 months amounting to 2.80. The Price to Book ratio for the last quarter was 1.86, with the Price to Cash per share for the same quarter was set at 1.09. Price to Free Cash Flow for ZI in the course of the last twelve months was 8.39 with Quick ratio for the last quarter at 0.97.

Trading performance analysis for ZI stock

ZoomInfo Technologies Inc. [ZI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.88. With this latest performance, ZI shares dropped by -2.07% in over the last four-week period, additionally sinking by -41.84% over the last 6 months – not to mention a drop of -44.24% 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 38.35, with the RSI for the last a single of trading hit 32.38, and the three-weeks RSI is set at 41.18 for ZoomInfo Technologies Inc. [ZI]. The present Moving Average for the last 50 days of trading for this stock 9.86, while it was recorded at 9.72 for the last single week of trading, and 13.58 for the last 200 days.

ZoomInfo Technologies Inc. [ZI]: A deeper dive into fundamental analysis

ZoomInfo Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.97 and a Current Ratio set at 0.97.

ZoomInfo Technologies Inc. [ZI]: An earnings per share (EPS) analysis

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 4.68%.

An analysis of Institutional ownership at ZoomInfo Technologies Inc. [ZI]

There are presently around $90.92%, or 101.49%% of ZI stock, in the hands of institutional investors.