ZoomInfo Technologies (NASDAQ:ZI) Issues Q4 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.22-0.23 for the period, compared to the consensus EPS estimate of $0.23. The company issued revenue guidance of $296-299 million, compared to the consensus revenue estimate of $296.85 million. ZoomInfo Technologies also updated its FY 2024 guidance to 0.920-0.930 EPS.

ZoomInfo Technologies Price Performance

Shares of ZI stock opened at $11.31 on Wednesday. The stock’s fifty day moving average is $10.49 and its 200-day moving average is $11.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $19.39. The stock has a market capitalization of $4.13 billion, a PE ratio of 327.08, a PEG ratio of 7.74 and a beta of 1.03.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The firm had revenue of $303.60 million during the quarter, compared to analyst estimates of $299.45 million. ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. Equities research analysts expect that ZoomInfo Technologies will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ZI. Piper Sandler raised their price target on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday. Daiwa Capital Markets lowered ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $9.00 in a research report on Tuesday, August 13th. Barclays decreased their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Finally, Mizuho upped their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and an average target price of $12.76.

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.