While ZoomInfo Technologies Inc. has overperformed by 0.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZI fell by -26.09%, with highs and lows ranging from $30.16 to $12.36, whereas the simple moving average fell by -7.44% in the last 200 days.
On March 21, 2024, KeyBanc Capital Markets started tracking ZoomInfo Technologies Inc. (NASDAQ: ZI) recommending Overweight. A report published by Citigroup on February 08, 2024, Downgraded its rating to ‘Sell’ for ZI. Jefferies also rated ZI shares as ‘Buy’, setting a target price of $20 on the company’s shares in an initiating report dated February 07, 2024. Morgan Stanley February 01, 2024d the rating to Equal-Weight on February 01, 2024, and set its price target from $24 to $20. BofA Securities January 29, 2024d its ‘Neutral’ rating to ‘Buy’ for ZI, as published in its report on January 29, 2024. Barclays’s report from January 12, 2024 suggests a price prediction of $18 for ZI shares, giving the stock a ‘Equal Weight’ rating. RBC Capital Mkts also rated the stock as ‘Underperform’.
Analysis of ZoomInfo Technologies Inc. (ZI)
Further, the quarter-over-quarter increase in sales is 4.87%, showing a positive trend in the upcoming months.
One of the most important indicators of ZoomInfo Technologies Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 4.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.35, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ZI is recording 6.34M average volume. On a monthly basis, the volatility of the stock is set at 3.17%, whereas on a weekly basis, it is put at 2.67%, with a gain of 2.52% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.74, showing growth from the present price of $15.89, which can serve as yet another indication of whether ZI is worth investing in or should be passed over.
How Do You Analyze ZoomInfo Technologies Inc. Shares?
The Software – Application market is dominated by ZoomInfo Technologies Inc. (ZI) based in the USA. When comparing ZoomInfo Technologies Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 59.58, there is a growth in quarterly earnings of -124.91%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.67%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.41% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ZI shares are owned by institutional investors to the tune of 73.41% at present.
