ZoomInfo Technologies (NASDAQ:ZI) Issues Q2 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.23 to $0.24 for the period, compared to the consensus earnings per share estimate of $0.25. The company issued revenue guidance of $306 million to $309 million, compared to the consensus revenue estimate of $313.23 million.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI traded down $0.05 during midday trading on Friday, reaching $12.53. The company’s stock had a trading volume of 2,532,098 shares, compared to its average volume of 6,512,976. The firm has a 50 day moving average price of $15.83 and a 200-day moving average price of $15.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $4.76 billion, a P/E ratio of 46.00, a PEG ratio of 4.28 and a beta of 1.13. ZoomInfo Technologies has a 12-month low of $11.67 and a 12-month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The company had revenue of $316.40 million during the quarter, compared to analysts’ expectations of $310.62 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a buy rating on the stock in a research report on Wednesday. Piper Sandler downgraded shares of ZoomInfo Technologies from an overweight rating to a neutral rating and dropped their target price for the stock from $24.00 to $15.00 in a research note on Wednesday. Morgan Stanley decreased their target price on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a research note on Wednesday, April 17th. Wells Fargo & Company reduced their price target on shares of ZoomInfo Technologies from $28.00 to $21.00 and set an overweight rating for the company in a research report on Wednesday. Finally, UBS Group lowered their target price on ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $19.00.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.