ZoomInfo Technologies Inc.’s recent filing unveils that its Stockholder CP VI Evergreen Holdings, L.P. acquired Company’s shares for reported $47.07 million on Oct 01 ’24. In the deal valued at $10.43 per share,4,512,487 shares were bought.
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Then, Carlyle Partners VI Evergreen bought 4,487,513 shares, generating $46,804,761 in total proceeds.
Before that, Dasdan Ali sold 4,898 shares. ZoomInfo Technologies Inc. shares valued at $47,184 were divested by the Chief Technology Officer at a price of $9.63 per share. As a result of the transaction, Dasdan Ali now holds 103,963 shares, worth roughly $1.05 million.
Daiwa Securities downgraded its ZoomInfo Technologies Inc. [ZI] rating to a Neutral from a an Outperform in a research note published on August 13, 2024; the price target was decreased to $9 from $15. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Mkt perform”. KeyBanc Capital Markets also remained covering ZI and has decreased its forecast on August 06, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. DA Davidson revised its rating on August 06, 2024. It rated ZI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ZI
On Friday, ZoomInfo Technologies Inc. [NASDAQ:ZI] saw its stock jump 2.53% to $10.14. Over the last five days, the stock has gained 2.42%. ZoomInfo Technologies Inc. shares have fallen nearly -45.16% since the year began. Nevertheless, the stocks have fallen -42.06% over the past one year. While a 52-week high of $19.39 was reached on 02/14/24, a 52-week low of $7.65 was recorded on 08/06/24. SMA at 50 days reached $9.78, while 200 days put it at $13.44.
Levels Of Support And Resistance For ZI Stock
The 24-hour chart illustrates a support level at 9.87, which if violated will result in even more drops to 9.61. On the upside, there is a resistance level at 10.38. A further resistance level may holdings at 10.63. The Relative Strength Index (RSI) on the 14-day chart is 52.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.94%. Stochastics %K at 44.19% indicates the stock is a holding.
How much short interest is there in ZoomInfo Technologies Inc.?
A steep rise in short interest was recorded in ZoomInfo Technologies Inc. stocks on 2024-09-30, dropping by -0.31 million shares to a total of 26.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 27.15 million shares. There was a decline of -1.17%, which implies that there is a negative sentiment for the stock.
