Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ZoomInfo Technologies Inc. shares valued at $6,089,824 were sold by Schuck Henry on Jun 06. At $42.36 per share, Schuck Henry sold 143,761 shares. The insider’s holdings dropped to 15,288,001 shares worth approximately $713.34 million following the completion of this transaction.
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Also, Schuck Henry sold 48,264 shares, netting a total of over 2,029,535 in proceeds. Following the sale of shares at $42.05 each, the insider now holds 15,431,762 shares.
Before that, Hays Joseph Christopher had sold 36,888 shares from its account. In a trade valued at $1,563,811, the Pres, Chief Operating Officer traded ZoomInfo Technologies Inc. shares for $42.39 each. Upon closing the transaction, the insider’s holdings decreased to 36,888 shares, worth approximately $30.66 million.
As published in a research note from UBS on February 16, 2022, ZoomInfo Technologies Inc. [ZI] has been retained to a Buy and the price target has been revised to $73. This represents a 36.08% premium over Thursday’s closing price. Analysts at Raymond James resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid February. As of February 16, 2022, Mizuho has reiterated its “Buy” rating for ZI. Earlier on February 16, 2022, Goldman resumed its rating. Their recommendation was “a Buy” for ZI stock.
Analyzing ZI’s Price Performance
On Thursday, ZoomInfo Technologies Inc. [NASDAQ: ZI] rose 4.20% to $46.66. The stock’s lowest price that day was $44.45, but it reached a high of $46.82 in the same session. During the last five days, there has been a surge of approximately 24.36%. Over the course of the year, ZoomInfo Technologies Inc. shares have dropped approximately -27.32%. Shares of the company reached a 52-week high of $65.21 on 01/03/22 and a 52-week low of $30.31 on 06/14/22. A 50-day SMA is recorded $37.21, while a 200-day SMA reached $52.45. Nevertheless, trading volume fell to 4.47 million shares from 7.2 million shares the previous day.
Support And Resistance Levels for ZoomInfo Technologies Inc. (ZI)
According to the 24-hour chart, there is a support level at 45.13, which, if violated, would cause prices to drop to 43.61. In the upper region, resistance lies at 47.50. The next price resistance is at 48.35. RSI (Relative Strength Index) is 72.02 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.28, which suggests the price will increase in the coming days. Percent R is at 1.37%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is ZoomInfo Technologies Inc. subject to short interest?
Stocks of ZoomInfo Technologies Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -3.41 million shares to 16.69 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 20.1 million shares. A decline of -20.43% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.51 of the overall float, the days-to-cover ratio (short ratio) decline to 3.51.
Which companies own the most shares of ZoomInfo Technologies Inc. (ZI)?
According to Capital Research & Management Co filings, the company currently owns 28,215,665 shares, which is about 7.00% of the total ZI shares outstanding. The investor’s shares have appreciated by 1,872,595 from its previous 13-F filing of 26343070.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $754,858,428. Morgan Stanley Investment Managem acquire a 81.59% interest valued at $736.46 million while Allianz Global Investors U.S. LLC purchased a 822,755 stake. A total of -49,899 shares of ZoomInfo Technologies Inc. were bought by Wellington Management Co. LLP during the quarter, and -4,316,062 were sold by Fidelity Management & Research Co. In its current portfolio, Jennison Associates LLC holds 7,462,240 shares valued at $248.04 million.
In terms of ZoomInfo Technologies Inc. share price expectations, FactSet research, analysts set an average price target of $63.52 in the next 12 months, up nearly 44.04% from the previous closing price of $44.78. Analysts anticipate ZoomInfo Technologies Inc. stock to reach $85.00 by 2022, with the lowest price target being $50.00. In spite of this, 19 analysts ranked ZoomInfo Technologies Inc. stock as a Buy at the end of 2022. On February 16, 2022, Canaccord Genuity assigned a price target of “a Buy” to the stock and reiterated coverage with a $68.