ZoomInfo Technologies (NASDAQ:ZI) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

ZoomInfo Technologies (NASDAQ:ZI) posted its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07), Zacks reports. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock traded down $0.11 on Tuesday, reaching $9.53. 9,090,296 shares of the stock were exchanged, compared to its average volume of 6,390,859. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $17.45. The firm has a fifty day moving average price of $10.26 and a two-hundred day moving average price of $10.32. The stock has a market cap of $3.27 billion, a PE ratio of 317.77, a PEG ratio of 13.05 and a beta of 1.01.

Insider Activity

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the sale, the director now directly owns 1,266,807 shares of the company’s stock, valued at $14,010,885.42. This represents a 18.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ZI has been the subject of several research reports. Wells Fargo & Company restated an “equal weight” rating and set a $11.00 price target (down from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Piper Sandler reissued an “underweight” rating and set a $10.00 target price (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Barclays dropped their price target on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Finally, Scotiabank assumed coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price on the stock. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.15.

ZoomInfo Technologies Company Profile

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.