ZoomInfo Technologies (NASDAQ:ZI) Updates 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 (EPS) guidance of $0.23 to $0.24 for the period, compared to the consensus 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 Price Performance

ZI stock traded down $0.05 during midday trading on Friday, hitting $12.53. 2,532,098 shares of the stock were exchanged, compared to its average volume of 6,512,976. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50-day moving average price is $15.83 and its 200-day moving average price is $15.84. ZoomInfo Technologies has a fifty-two week low of $11.67 and a fifty-two week high of $30.16. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 46.00, a PEG ratio of 4.28 and a beta of 1.13.

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

Analyst Ratings Changes

Several brokerages recently commented on ZI. Truist Financial upped their price target on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a hold rating in a research report on Tuesday, February 13th. UBS Group dropped their price objective on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating for the company in a research report on Wednesday. Piper Sandler lowered shares of ZoomInfo Technologies from an overweight rating to a neutral rating and cut their price objective for the stock from $24.00 to $15.00 in a report on Wednesday. Stifel Nicolaus decreased their price target on shares of ZoomInfo Technologies from $24.00 to $20.00 and set a buy rating for the company in a research report on Wednesday. Finally, Citigroup reduced their price objective on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a sell rating on the stock in a research note on Thursday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target 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.