Stocks of ZoomInfo Technologies Inc. (NASDAQ:ZI) traded higher last session on Wall Street, up 1.22% to $11.65.
ZI stock price is now -5.88% away from the 50-day moving average and -22.55% away from the 200-day moving average. The market capitalization of the company currently stands at $4.36B.
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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, Hyzer Peter Cameron, Chief Financial Officer sold 7,500 shares of the company’s stock on Jul 09 ’24. The stock was sold for $92,775 at an average price of $12.37. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,316,518 shares in the company, valued at $15.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, Chief Financial Officer Hyzer Peter Cameron sold 7,500 shares of the business’s stock. A total of $95,850 was realized by selling the stock at an average price of $12.78. This leaves the insider owning 1,279,023 shares of the company worth $14.9 million. A total of 22.50% of the company’s stock is owned by insiders.
During the past 12 months, ZoomInfo Technologies Inc. has had a low of $11.16 and a high of $26.23. 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 $5252251136, which is based on a 59.32 price-to-earnings ratio, a 6.18 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for ZI is $12.3596 and a two-hundred day moving average price translates $15.01595 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.
