ZoomInfo Technologies (NASDAQ:ZI) Releases Q2 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.23 to $0.24 for the period, compared to the consensus estimate of $0.25. The company issued revenue guidance of $306 million to $309 million, compared to the consensus revenue estimate of $313.23 million.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock traded down $0.60 during trading on Tuesday, reaching $16.02. 16,487,146 shares of the company’s stock were exchanged, compared to its average volume of 6,269,782. The firm’s 50-day moving average price is $16.04 and its 200 day moving average price is $15.90. The company has a market cap of $6.08 billion, a P/E ratio of 59.34, a PEG ratio of 4.15 and a beta of 1.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. ZoomInfo Technologies has a 1-year low of $12.36 and a 1-year high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, research analysts anticipate that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays reduced their price target on shares of ZoomInfo Technologies from $20.00 to $19.00 and set an equal weight rating for the company in a report on Monday, April 15th. KeyCorp assumed coverage on shares of ZoomInfo Technologies in a research note on Thursday, March 21st. They issued an overweight rating and a $20.00 price objective for the company. Wells Fargo & Company lifted their price target on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. Morgan Stanley cut their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating for the company in a research note on Wednesday, April 17th. Finally, Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $23.00 to $24.00 and gave the company an overweight rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies has an average rating of Moderate Buy and an average target price of $21.43.

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.