The price of ZoomInfo Technologies Inc (NASDAQ:ZI) shares last traded on Wall Street fell -3.31% to $10.23.
ZI stock price is now -2.83% away from the 50-day moving average and -19.81% away from the 200-day moving average. The market capitalization of the company currently stands at $3.40B.
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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, CP VI Evergreen Holdings, L.P., Stockholder bought 4,512,487 shares of the company’s stock on Oct 01 ’24. The stock was bought for $47,065,239 at an average price of $10.43. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Stockholder Carlyle Partners VI Evergreen bought 4,487,513 shares of the business’s stock. A total of $46,804,761 was incurred on buying the stock at an average price of $10.43. A total of 19.50% 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 0.82, a current ratio of 0.63, and a quick ratio of 0.63. According to the stock market information, the enterprise value for the company is $4723862528, which is based on a 381.72 price-to-earnings ratio, a 30.93 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for ZI is $10.528 and a two-hundred day moving average price translates $12.75655 for the stock.
The latest earnings results from ZoomInfo Technologies Inc (NASDAQ: ZI) was released for 2024-09-30. The net profit margin was 0.74% and return on equity was 0.46% for ZI. The company reported revenue of $303.6 million for the quarter, compared to $313.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.25 percent. For the current quarter, analysts expect ZI to generate $297.64M in revenue.
