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.
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?
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