ZoomInfo Technologies (NASDAQ:ZI) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS


Share on StockTwits

ZoomInfo Technologies (NASDAQ:ZI) released its earnings results on Sunday. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02, MarketWatch Earnings reports. The company had revenue of $153.30 million for the quarter, compared to the consensus estimate of $145.49 million. ZoomInfo Technologies’s quarterly revenue was up 50.3% on a year-over-year basis.

ZoomInfo Technologies stock traded down $1.39 during midday trading on Tuesday, reaching $48.52. The company’s stock had a trading volume of 91,036 shares, compared to its average volume of 2,199,222. The stock’s 50-day simple moving average is $49.72 and its 200-day simple moving average is $47.32. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.88. ZoomInfo Technologies has a 52-week low of $30.83 and a 52-week high of $64.40.

ZI has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on ZoomInfo Technologies from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Tuesday. The Goldman Sachs Group assumed coverage on ZoomInfo Technologies in a research report on Monday, March 29th. They issued a “buy” rating and a $65.00 price objective on the stock. Raymond James upped their price objective on ZoomInfo Technologies from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. Mizuho upped their price objective on ZoomInfo Technologies from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, February 23rd. Finally, Truist upped their price objective on ZoomInfo Technologies from $67.00 to $70.00 in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. ZoomInfo Technologies presently has an average rating of “Buy” and a consensus target price of $60.48.

In other ZoomInfo Technologies news, CRO Joseph Christopher Hays sold 13,935 shares of the stock in a transaction dated Thursday, February 11th. The stock was sold at an average price of $56.30, for a total value of $784,540.50. Following the completion of the sale, the executive now directly owns 15,000 shares in the company, valued at $844,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Todd Crockett sold 1,734,233 shares of the stock in a transaction dated Wednesday, February 3rd. The shares were sold at an average price of $54.03, for a total value of $93,700,608.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,798,274 shares of company stock valued at $257,876,057.

About ZoomInfo Technologies

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

Further Reading: What is the Quick Ratio?

Receive News & Ratings for ZoomInfo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZoomInfo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.