Stocks of ZoomInfo Technologies Inc. (NASDAQ:ZI) traded higher last session on Wall Street, up 2.21% to $9.72.
ZI stock price is now -12.52% away from the 50-day moving average and -32.27% away from the 200-day moving average. The market capitalization of the company currently stands at $3.55B.
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With the price target reduced from $15 to $9, Daiwa Securities Downgraded its rating from Outperform to Neutral for ZoomInfo Technologies Inc. (NASDAQ: ZI). , while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, Schuck Henry, Chief Executive Officer bought 1,500,000 shares of the company’s stock on Aug 07 ’24. The stock was bought for $12,736,650 at an average price of $8.49. Upon completion of the transaction, the Chief Executive Officer now directly owns 11,788,001 shares in the company, valued at $114.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 09 ’24, Chief Financial Officer Hyzer Peter Cameron sold 7,500 shares of the business’s stock. A total of $92,775 was realized by selling the stock at an average price of $12.37. This leaves the insider owning 1,316,518 shares of the company worth $12.8 million. A total of 20.54% of the company’s stock is owned by insiders.
During the past 12 months, ZoomInfo Technologies Inc. has had a low of $7.65 and a high of $19.39. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 0.97, and a quick ratio of 0.97. According to the stock market information, the enterprise value for the company is $4544721408, which is based on a 270.75 price-to-earnings ratio, a 41.40 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for ZI is $11.0508 and a two-hundred day moving average price translates $14.33385 for the stock.
The latest earnings results from ZoomInfo Technologies Inc. (NASDAQ: ZI) was released for 2024-06-30. The net profit margin was 1.25% and return on equity was 0.73% for ZI. The company reported revenue of $291.5 million for the quarter, compared to $308.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.54 percent. For the current quarter, analysts expect ZI to generate $299.38M in revenue.
