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

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

ZoomInfo Technologies Price Performance

ZI stock opened at $9.53 on Wednesday. The firm has a 50 day simple moving average of $10.23 and a two-hundred day simple moving average of $10.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $3.27 billion, a PE ratio of 317.77, a P/E/G ratio of 13.05 and a beta of 1.01. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $17.45.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays cut their target price on ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Citigroup raised their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $10.00 to $11.00 in a research note on Wednesday. Mizuho boosted their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.20.

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.