ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.230-0.240 for the period, compared to the consensus estimate of 0.250. The company issued revenue guidance of $306.0 million-$309.0 million, compared to the consensus revenue estimate of $313.1 million. ZoomInfo Technologies also updated its FY 2024 guidance to 1.000-1.020 EPS.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on ZI shares. DA Davidson raised their price objective on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a buy rating in a report on Tuesday, February 13th. Barclays dropped their price objective on shares of ZoomInfo Technologies from $19.00 to $15.00 and set an equal weight rating for the company in a report on Wednesday. Bank of America raised shares of ZoomInfo Technologies from a neutral rating to a buy rating and raised their price target for the company from $20.00 to $25.00 in a research note on Monday, January 29th. Needham & Company LLC reaffirmed a buy rating and set a $25.00 target price on shares of ZoomInfo Technologies in a research report on Wednesday. Finally, The Goldman Sachs Group downgraded ZoomInfo Technologies from a neutral rating to a sell rating and lowered their price objective for the stock from $19.50 to $12.00 in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $19.00.
Check Out Our Latest Stock Analysis on ZoomInfo Technologies
ZoomInfo Technologies Stock Up 3.6 %
ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) last issued its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $316.40 million for the quarter, compared to analysts’ expectations of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. As a group, equities research analysts predict that ZoomInfo Technologies will post 0.64 EPS for the current fiscal year.
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.
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