In yesterday’s Wall Street session, ZoomInfo Technologies Inc. (NASDAQ:ZI) shares traded at $16.02, down -3.61% from the previous session.
ZI stock price is now -0.21% away from the 50-day moving average and -3.78% away from the 200-day moving average. The market capitalization of the company currently stands at $6.08B.
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With the price target of $20, KeyBanc Capital Markets recently initiated with Overweight rating for ZoomInfo Technologies Inc. (NASDAQ: ZI). On February 08, 2024, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $20 to quote $13, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Dasdan Ali, Chief Technology Officer sold 6,334 shares of the company’s stock on Mar 04 ’24. The stock was sold for $104,916 at an average price of $16.56. Upon completion of the transaction, the Chief Technology Officer now directly owns 69,954 shares in the company, valued at $1.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’23, Chief Technology Officer Dasdan Ali sold 5,007 shares of the business’s stock. A total of $73,577 was realized by selling the stock at an average price of $14.69. This leaves the insider owning 50,953 shares of the company worth $0.82 million. A total of 15.23% of the company’s stock is owned by insiders.
During the past 12 months, ZoomInfo Technologies Inc. has had a low of $12.36 and a high of $30.16. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 1.35, and a quick ratio of 1.35.
The net profit margin was 8.66% and return on equity was 4.89% for ZI. The company reported revenue of $316.4 million for the quarter, compared to $301.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.91 percent.
