ZoomInfo Technologies (NASDAQ:ZI) Issues Q2 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) updated its second quarter earnings guidance on Tuesday. 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ZI shares. Citigroup cut shares of ZoomInfo Technologies from a neutral rating to a sell rating and lowered their price objective for the company from $20.00 to $13.00 in a research report on Thursday, February 8th. Needham & Company LLC reaffirmed a buy rating and set a $25.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, February 20th. KeyCorp initiated coverage on ZoomInfo Technologies in a research report on Thursday, March 21st. They issued an overweight rating and a $20.00 price objective on the stock. Bank of America upgraded ZoomInfo Technologies from a neutral rating to a buy rating and boosted their target price for the stock from $20.00 to $25.00 in a research report on Monday, January 29th. Finally, Barclays decreased their price target on ZoomInfo Technologies from $20.00 to $19.00 and set an equal weight rating on the stock in a report on Monday, April 15th. 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. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $21.43.

ZoomInfo Technologies Price Performance

ZI traded down $0.60 during midday trading on Tuesday, hitting $16.02. The stock had a trading volume of 16,487,146 shares, compared to its average volume of 6,269,782. The company has a market cap of $6.08 billion, a P/E ratio of 59.34, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13. The business has a fifty day moving average of $16.04 and a 200 day moving average of $15.90. ZoomInfo Technologies has a 1 year low of $12.36 and a 1 year high of $30.16. 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 (NASDAQ:ZI) last posted 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 business had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. ZoomInfo Technologies’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. As a group, equities analysts forecast that ZoomInfo Technologies will post 0.64 earnings per share 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.