ZoomInfo Technologies (NASDAQ:ZI) Issues Earnings Results, Misses Estimates By $0.07 EPS

ZoomInfo Technologies (NASDAQ:ZI) posted its quarterly earnings data on Tuesday. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07), Zacks reports. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%.

ZoomInfo Technologies Stock Down 1.1 %

ZI traded down $0.11 during trading on Tuesday, reaching $9.53. 9,171,536 shares of the stock were exchanged, compared to its average volume of 6,391,970. The stock has a market cap of $3.27 billion, a P/E ratio of 317.77, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50 day moving average price is $10.26 and its two-hundred day moving average price is $10.32. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $17.45.

Insider Activity

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the sale, the chief technology officer now owns 118,659 shares of the company’s stock, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the transaction, the director now owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup lifted their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Piper Sandler reissued an “underweight” rating and issued a $10.00 price target (down from $11.00) on shares of ZoomInfo Technologies in a research report on Monday, January 6th. Wells Fargo & Company restated an “equal weight” rating and set a $11.00 price target (down from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Finally, Mizuho upped their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.15.

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.