ZoomInfo Technologies (NASDAQ:ZI) Issues FY 2024 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.000-1.020 for the period, compared to the consensus EPS estimate of 1.000. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. ZoomInfo Technologies also updated its Q2 2024 guidance to 0.230-0.240 EPS.

ZoomInfo Technologies Price Performance

Shares of ZI stock traded up $0.44 during mid-day trading on Thursday, hitting $12.58. 10,405,444 shares of the stock were exchanged, compared to its average volume of 6,559,160. ZoomInfo Technologies has a 52-week low of $11.67 and a 52-week high of $30.16. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The company has a market cap of $4.78 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 4.28 and a beta of 1.13. The firm has a fifty day moving average of $15.92 and a 200 day moving average of $15.87.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup decreased their target price on shares of ZoomInfo Technologies from $13.00 to $11.00 and set a sell rating on the stock in a report on Thursday. Barclays reduced their target price on ZoomInfo Technologies from $19.00 to $15.00 and set an equal weight rating on the stock in a research report on Wednesday. KeyCorp cut their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an overweight rating for the company in a research report on Wednesday. Morgan Stanley lowered their target price on shares of 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, UBS Group reduced their price target on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a neutral rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $19.00.

ZoomInfo Technologies Company Profile

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.