Long Position on ZI @ $45.50 on 7/7/2020 (Fundamentals)

ZoomInfo Technologies Inc. (ZI) operates cloud-based go-to-market intelligence platform for information and insights on the organizations and professionals in the United States and internationally.

The company's platform helps sales and marketing professionals to identify the target customers, pinpoint the right decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft the right message, engage via automated sales tools, and track progress through the deal cycle.

Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services and insurance, retail, media and internet, transportation, education, hospitality, healthcare, and real estate, as well as global enterprises, mid-market companies, and small and medium-sized business.

Nearly one month after it's IPO, this stock should continue to see a steady increase in share prices as demand for its services increases. Its "double bottom" formation also suggests that shares should move higher.

Entry point: $45.50

52-week trade range: $32.10 - $64.40

Stop/Loss: $43.70

Target Price: $50.20

Updates

8/25/2020 1:29:46 PM

ZI closed at $37.08

Position closed on 8/25/2020 at price of $37.08 with a -18.51% loss in 49 days.

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