ZoomInfo Technologies (NASDAQ:ZI) Issues Quarterly Earnings Results

ZoomInfo Technologies (NASDAQ:ZI) released its quarterly earnings data on Monday. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.07), Briefing.com reports. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $307.68 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. ZoomInfo Technologies updated its Q3 guidance to $0.21-0.22 EPS and its FY24 guidance to $0.86-0.88 EPS.

ZoomInfo Technologies Trading Up 4.0 %

Shares of ZI traded up $0.35 during mid-day trading on Thursday, reaching $9.05. The stock had a trading volume of 6,198,936 shares, compared to its average volume of 6,616,095. The business’s fifty day moving average is $11.78 and its 200 day moving average is $14.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 1.11. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 43.50, a P/E/G ratio of 1.93 and a beta of 1.06. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39.

Wall Street Analyst Weigh In

ZI has been the topic of several recent analyst reports. UBS Group reduced their price target on ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Royal Bank of Canada lowered their target price on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research note on Tuesday. Morgan Stanley reduced their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Mizuho reduced their target price on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Piper Sandler reduced their target price on ZoomInfo Technologies from $14.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, ZoomInfo Technologies presently has an average rating of “Hold” and an average price target of $13.83.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director Mark Patrick Mader sold 3,112 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $39,771.36. Following the sale, the director now owns 17,622 shares of the company’s stock, valued at $225,209.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other ZoomInfo Technologies news, Director Mark Patrick Mader sold 3,112 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total transaction of $39,771.36. Following the sale, the director now owns 17,622 shares of the company’s stock, valued at $225,209.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total transaction of $69,757.80. Following the completion of the transaction, the chief technology officer now directly owns 87,540 shares in the company, valued at $1,041,726. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,974 shares of company stock worth $298,154. Company insiders own 8.10% of the company’s stock.

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.