ZoomInfo Technologies Inc’s filing revealed that its Stockholder Carlyle Partners VI Evergreen acquired Company’s shares for reported $37.33 million on Nov 20 ’24. In the deal valued at $10.62 per share,3,515,154 shares were bought.
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Then, CP VI Evergreen Holdings, L.P. bought 3,534,724 shares, generating $37,538,769 in total proceeds.
Before that, Schuck Henry bought 492,500 shares. ZoomInfo Technologies Inc shares valued at $5,049,750 were divested by the Chief Executive Officer at a price of $10.25 per share. As a result of the transaction, Schuck Henry now holds 12,280,501 shares, worth roughly $130.54 million.
Scotiabank initiated its ZoomInfo Technologies Inc [ZI] rating to a Sector perform in a research note published on November 19, 2024; the price target was $10.30. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Neutral”. Raymond James also remained covering ZI and has decreased its forecast on August 06, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. KeyBanc Capital Markets revised its rating on August 06, 2024. It rated ZI as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of ZI
On Friday, ZoomInfo Technologies Inc [NASDAQ:ZI] saw its stock jump 2.51% to $10.63. Over the last five days, the stock has gained 3.91%. ZoomInfo Technologies Inc shares have fallen nearly -42.51% since the year began. Nevertheless, the stocks have fallen -25.56% 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 $10.55, while 200 days put it at $12.63.
Levels Of Support And Resistance For ZI Stock
The 24-hour chart illustrates a support level at 10.31, which if violated will result in even more drops to 9.99. On the upside, there is a resistance level at 10.91. A further resistance level may holdings at 11.19. The Relative Strength Index (RSI) on the 14-day chart is 48.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.32%. Stochastics %K at 26.36% 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 2024-10-31, growing by 14.66 million shares to a total of 41.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 26.84 million shares. There was a rise of 35.33%, which implies that there is a positive sentiment for the stock.
