RBC Capital Mkts raised the price target for the ZoomInfo Technologies Inc. (NASDAQ:ZI) stock to “an Outperform”. The rating was released on August 03, 2021. The research report from Wolfe Research has initiated the stock to Outperform, with a price target set at $60. The stock was initiated by Goldman, who disclosed in a research note on March 22, 2021, to Buy and set the price objective to $65. In their research brief published March 16, 2021, Credit Suisse analysts resumed the ZoomInfo Technologies Inc. stock to Outperform with a price target of $70.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of ZoomInfo Technologies Inc. (NASDAQ:ZI) dipped -4.96% to close Monday’s market session at $61.34, lower as compared to yesterday’s close. The stock price fluctuated between $59.82 and $62.65 throughout the trading session with the volume trading being 18551257 shares, which represented a significant variation when compared to the three months average volume of 2.61 million shares. The firm’s stock price fluctuated 11.98% within the last five trades and 16.44% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 6.85% in the last 6 months and 44.40% was added to its value over the previous 3 months. ZI stock is trading at a margin of 12.37%, 19.98% and 28.03% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ZI deals in the Technology domain. The stock is trading -9.30 percent below its 52-week high and 98.96 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 61.77. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does ZoomInfo Technologies Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 18.80 percent and the profit margin is 7.30 percent, and the company has reported a gross margin of 81.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $24.79 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for ZoomInfo Technologies Inc. (NASDAQ:ZI) is 241.50. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 91.28. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 41.98 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 18.99, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of ZoomInfo Technologies Inc. shares are owned by insiders, and 85.50 percent are held by financial institutions. Winn David Randall, the Director at ZoomInfo Technologies Inc. (ZI) has sold 132,598 shares of firm on Aug 06 at a price of $54.75 against the total amount of $7.26 million. In another inside trade, Winn David Randall, Director of ZoomInfo Technologies Inc. (NASDAQ:ZI) sold 2,083,955 shares of the firm on Aug 06 for a total worth of $114.1 million at a price of $54.75. An inside trade which took place on Aug 06, 10% Owner of ZoomInfo Technologies Inc. Edell Eric J sold 2,083,955 shares of firm against total price of $114.1 million at the cost of $54.75 per share.