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


Share on StockTwits

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

Shares of NASDAQ ZI traded up $2.11 during trading on Tuesday, reaching $53.43. The stock had a trading volume of 12,742,819 shares, compared to its average volume of 2,487,210. ZoomInfo Technologies has a one year low of $30.83 and a one year high of $64.40. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.57 and a quick ratio of 1.57. The firm’s 50 day moving average price is $50.28 and its two-hundred day moving average price is $43.24.

In related news, major shareholder 22C Capital Gp I, L.L.C sold 1,210,277 shares of the company’s stock in a transaction on Friday, December 4th. The stock was sold at an average price of $43.88, for a total transaction of $53,106,954.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Todd Crockett sold 1,734,233 shares of the company’s stock in a transaction on Wednesday, February 3rd. The stock was 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. Insiders sold a total of 5,249,591 shares of company stock valued at $258,463,216 over the last quarter.

Several research firms recently commented on ZI. Royal Bank of Canada raised ZoomInfo Technologies from a “sector perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Thursday, November 5th. Morgan Stanley boosted their price target on ZoomInfo Technologies from $55.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $70.00 price target (up from $59.00) on shares of ZoomInfo Technologies in a research report on Tuesday. Barclays boosted their price target on ZoomInfo Technologies from $49.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Mizuho boosted their price target on ZoomInfo Technologies from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $58.83.

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 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.

See Also: How to calculate the intrinsic value of a stock

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.