Stocks of ZoomInfo Technologies Inc. (NASDAQ:ZI) traded higher last session on Wall Street, down -2.88% to $12.82.
ZI stock price is now -15.89% away from the 50-day moving average and -20.28% away from the 200-day moving average. The market capitalization of the company currently stands at $4.79B.
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With the price target reduced from $24 to $15, Piper Sandler Downgraded its rating from Overweight to Neutral for ZoomInfo Technologies Inc. (NASDAQ: ZI). On May 08, 2024, Mizuho Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $23 to quote $14, while ‘Goldman’ rates the stock as ‘Sell’
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 $0.9 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 $0.65 million. A total of 22.15% of the company’s stock is owned by insiders.
During the past 12 months, ZoomInfo Technologies Inc. has had a low of $11.67 and a high of $30.16. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.11, and a quick ratio of 1.11. According to the stock market information, the enterprise value for the company is $5689736192, which is based on a 65.27 price-to-earnings ratio, a 6.80 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for ZI is $15.1724 and a two-hundred day moving average price translates $16.05315 for the stock.
The latest earnings results from ZoomInfo Technologies Inc. (NASDAQ: ZI) was released for 2024-03-31. The net profit margin was 6.24% and return on equity was 3.60% for ZI. The company reported revenue of $310.1 million for the quarter, compared to $300.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.13 percent.
