An Analysis of ZoomInfo Technologies Inc. (ZI)’s Potential Price Growth


ZoomInfo Technologies Inc.’s recent filing unveils that its Chief Executive Officer Schuck Henry unloaded Company’s shares for reported $28.28 million on Feb 08. In the deal valued at $28.28 per share,1,000,000 shares were sold. As a result of this transaction, Schuck Henry now holds 12,288,001 shares worth roughly $ 268.49 million.

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Then, Schuck Henry sold 41,667 shares, generating $1,178,127 in total proceeds. Upon selling the shares at $28.27, the Chief Executive Officer now owns 362,377 shares.

Before that, Schuck Henry sold 1,000,000 shares. ZoomInfo Technologies Inc. shares valued at $25,542,192 were divested by the Chief Executive Officer at a price of $25.54 per share. As a result of the transaction, Schuck Henry now holds 13,288,001 shares, worth roughly $290.34 million.

UBS downgraded its ZoomInfo Technologies Inc. [ZI] rating to a Neutral from a a Buy in a research note published on Friday, February 07, 2023; the price target was decreased to $33 from $34. PT values the company’s stock at a premium of 33.79 to its Friday closing price. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. BofA Securities also remained covering ZI and has decreased its forecast on January 04, 2023 with a “Neutral” recommendation from previously “Buy” rating.

Price Performance Review of ZI

On Friday, ZoomInfo Technologies Inc. [NASDAQ:ZI] saw its stock fall -9.64% to $21.85. On the same session, the stock had its day’s lowest price of $21.71, but rose to a high of $24.02. Over the last five days, the stock has lost -15.47%. ZoomInfo Technologies Inc. shares have fallen nearly -27.43% since the year began. Nevertheless, the stocks have fallen -59.16% over the past one year. While a 52-week high of $61.44 was reached on 01/03/23, a 52-week low of $23.29 was recorded on 03/10/23. SMA at 50 days reached $26.62, while 200 days put it at $35.43. A total of 12.39 million shares were traded, compared to the trading of 5.3 million shares in the previous session.

Levels Of Support And Resistance For ZI Stock

The 24-hour chart illustrates a support level at 21.03, which if violated will result in even more drops to 20.22. On the upside, there is a resistance level at 23.34. A further resistance level may holdings at 24.84. The Relative Strength Index (RSI) on the 14-day chart is 30.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.05%. Stochastics %K at 9.67% indicates the stock is a buying.

How much short interest is there in ZoomInfo Technologies Inc.?

A steep rise in short interest was recorded in ZoomInfo Technologies Inc. stocks on Jan 12, 2023, growing by 0.51 million shares to a total of 15.04 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 14.53 million shares. There was a rise of 3.39%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.85.

ZoomInfo Technologies Inc. [ZI] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 43,215,348 shares, or roughly 10.69% of the outstanding ZI shares. In other words, the investor’s shares have risen by 2,975,268 from its previous 13-F filing of 40240080.0. Additionally, The Vanguard Group, Inc. increased 7.16% of its stake after which the total value it holdings stand at $714,760,171, while Morgan Stanley Investment Managem added 6.85% of its stake to hold $609.43 million in the firm. Over the last quarter, Wellington Management Co. LLP purchased 9,356,679 shares of ZoomInfo Technologies Inc., while BlackRock Fund Advisors bought 293,149 shares. At present, Voya Investment Management Co. LL is holding 10,988,418 shares valued at $265.59 million. Jennison Associates LLC owned 7,530,799 shares of the company at the time of its most recent 13F filing, worth $182.02 million.

The most recent change occurred on September 28, 2022 when Daiwa Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $66 price target.


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