ZoomInfo Technologies (NASDAQ:ZI) Posts Earnings Results, Beats Estimates By $0.02 EPS


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ZoomInfo Technologies (NASDAQ:ZI) released its quarterly earnings results on Sunday. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02, MarketWatch Earnings reports. The firm had revenue of $139.70 million for the quarter, compared to analysts’ expectations of $130.44 million. The business’s revenue was up 53.3% on a year-over-year basis.

Shares of NASDAQ:ZI opened at $51.32 on Tuesday. The business has a 50 day moving average price of $50.16 and a 200 day moving average price of $43.22. ZoomInfo Technologies has a twelve month low of $30.83 and a twelve month high of $64.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.57 and a current ratio of 1.57.

In other ZoomInfo Technologies news, Director David Randall Winn sold 83,260 shares of the firm’s stock in a transaction that occurred on Friday, December 4th. The stock was sold at an average price of $43.88, for a total value of $3,653,448.80. Following the completion of the sale, the director now owns 83,260 shares in the company, valued at approximately $3,653,448.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Henry Schuck sold 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 15th. The stock was sold at an average price of $41.41, for a total value of $16,564,000.00. Following the completion of the sale, the chief executive officer now owns 400,000 shares of the company’s stock, valued at approximately $16,564,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,249,591 shares of company stock valued at $258,463,216.

Several brokerages have weighed in on ZI. Royal Bank of Canada upgraded ZoomInfo Technologies from a “sector perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Thursday, November 5th. Morgan Stanley raised ZoomInfo Technologies from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a report on Thursday, November 19th. Stephens reaffirmed a “buy” rating and set a $60.00 price target on shares of ZoomInfo Technologies in a research note on Monday, January 25th. Barclays raised their target price on shares of ZoomInfo Technologies from $49.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of ZoomInfo Technologies from $45.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.65.

About ZoomInfo Technologies

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the target organizations and professionals. 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 enterprises, mid-market companies, and small and medium-sized business.

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