Wall Street predicts ZoomInfo Technologies Inc. (ZI) stock to surge by 175.93%

ZoomInfo Technologies Inc. [ZI] stock prices are up 4.29% to $10.22 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ZI shares have gain 2.82% over the last week, with a monthly amount glided 10.97%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

ZoomInfo Technologies Inc. [NASDAQ: ZI] stock has seen the most recent analyst activity on August 13, 2024, when Daiwa Securities downgraded its rating to a Neutral and also revised its price target to $9 from $15. Previously, Raymond James downgraded its rating to Mkt Perform on August 06, 2024. On August 06, 2024, downgrade downgraded it’s rating to Sector Weight. DA Davidson downgraded its rating to a Neutral and decreased its price target to $9.50 on August 06, 2024. BofA Securities downgraded its rating to a Underperform and reduced its price target to $8 on August 06, 2024. Piper Sandler downgraded its rating to Neutral for this stock on May 08, 2024, and downed its price target to $15. In a note dated May 08, 2024, Mizuho downgraded an Neutral rating on this stock and revised its target price from $23 to $14.

The stock price of ZoomInfo Technologies Inc. [ZI] has been fluctuating between $7.65 and $19.39 over the past year. Currently, Wall Street analysts expect the stock to reach $28.2 within the next 12 months. ZoomInfo Technologies Inc. [NASDAQ: ZI] shares were valued at $10.22 at the most recent close of the market. An investor can expect a potential return of 175.93% based on the average ZI price forecast.

Analyzing the ZI fundamentals

The ZoomInfo Technologies Inc. [NASDAQ:ZI] reported sales of 1.23B for trailing twelve months, representing a drop of -5.54%. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.66.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.91 points at the first support level, and at 9.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.41, and for the 2nd resistance point, it is at 10.60.

Ratios To Look Out For

It’s worth pointing out that ZoomInfo Technologies Inc. [NASDAQ:ZI]’s Current Ratio is 0.97. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 3.03, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 284.68.

Transactions by insiders

Recent insider trading involved Dasdan Ali, Chief Technology Officer, that happened on Sep 06 ’24 when 4898.0 shares were sold. Officer, ALI DASDAN completed a deal on Sep 06 ’24 to buy 4898.0 shares. Meanwhile, Chief Executive Officer Schuck Henry bought 1.5 million shares on Aug 07 ’24.

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