The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ZoomInfo Technologies Inc. shares valued at $218,500 were sold by Hyzer Peter Cameron on Sep 09. At $43.70 per share, Hyzer Peter Cameron sold 5,000 shares. The insider’s holdings dropped to 1,142,531 shares worth approximately $46.11 million following the completion of this transaction.
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Also, Hyzer Peter Cameron sold 5,000 shares, netting a total of over 207,500 in proceeds. Following the sale of shares at $41.50 each, the insider now holds 1,147,531 shares.
Before that, Hays Joseph Christopher had sold 2,526 shares from its account. In a trade valued at $105,174, the Pres, Chief Operating Officer traded ZoomInfo Technologies Inc. shares for $41.64 each. Upon closing the transaction, the insider’s holdings decreased to 2,526 shares, worth approximately $24.02 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 44.71% 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] plunged -3.93% to $40.36. The stock’s lowest price that day was $39.98, but it reached a high of $42.16 in the same session. During the last five days, there has been a drop of approximately -7.92%. Over the course of the year, ZoomInfo Technologies Inc. shares have dropped approximately -37.13%. 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 $43.69, while a 200-day SMA reached $48.41. Nevertheless, trading volume fell to 2.64 million shares from 3.65 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 39.51, which, if violated, would cause prices to drop to 38.65. In the upper region, resistance lies at 41.69. The next price resistance is at 43.01. RSI (Relative Strength Index) is 38.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.58, which suggests the price will decrease in the coming days. Percent R is at 91.88%, indicating bearish price movement. Stochastics %K at holding 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 27,718,615 shares, which is about 6.87% of the total ZI shares outstanding. The investor’s shares have plunged by -497,050 from its previous 13-F filing of 28215665.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,123,077,630. Morgan Stanley Investment Managem reduced a -1.62% interest valued at $989.98 million while Wellington Management Co. LLP sold a -358,580 stake. A total of -2,289,645 shares of ZoomInfo Technologies Inc. were sold by Allianz Global Investors U.S. LLC during the quarter, and 5,688,594 were bought by BlackRock Fund Advisors. In its current portfolio, Fidelity Management & Research Co holds 7,873,292 shares valued at $357.6 million.
In terms of ZoomInfo Technologies Inc. share price expectations, FactSet research, analysts set an average price target of $64.07 in the next 12 months, up nearly 54.73% from the previous closing price of $42.01. 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.