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


Share on StockTwits

ZoomInfo Technologies (NASDAQ:ZI) posted its quarterly earnings results on Sunday. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02, MarketWatch Earnings reports. The company had revenue of $139.70 million during the quarter, compared to analysts’ expectations of $130.44 million. The firm’s revenue was up 53.3% on a year-over-year basis.

Shares of ZoomInfo Technologies stock opened at $51.32 on Tuesday. The firm’s 50 day moving average price is $50.16 and its 200-day moving average price is $43.22. The company has a quick ratio of 1.57, a current 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.

In related news, Director Todd Crockett sold 1,734,233 shares of ZoomInfo Technologies stock in a transaction that occurred on Wednesday, February 3rd. The shares were sold at an average price of $54.03, for a total value of $93,700,608.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Henry Schuck sold 400,000 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, December 15th. The stock was sold at an average price of $41.41, for a total transaction of $16,564,000.00. Following the completion of the sale, the chief executive officer now owns 400,000 shares of the company’s stock, valued at $16,564,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,249,591 shares of company stock worth $258,463,216.

A number of research analysts have commented on the stock. Mizuho raised their target price on shares of ZoomInfo Technologies from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays raised their target price on shares of ZoomInfo Technologies from $49.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday. Royal Bank of Canada raised shares of ZoomInfo Technologies from a “sector perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Thursday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of ZoomInfo Technologies from $45.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Morgan Stanley raised shares of ZoomInfo Technologies from an “equal weight” rating to an “overweight” rating and set a $53.00 target price on the stock in a research report on Thursday, November 19th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.65.

ZoomInfo Technologies Company Profile

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 target organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services and insurance, retail, media and internet, transportation, education, hospitality, healthcare, and real estate, as well as enterprises, mid-market companies, and small and medium-sized business.

Featured Article: How to trade on quiet period expirations

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.