ZoomInfo Technologies (NASDAQ:ZI) Issues Earnings Results


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ZoomInfo Technologies (NASDAQ:ZI) released its earnings results on Sunday. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02, MarketWatch Earnings reports. The firm had revenue of $153.30 million during the quarter, compared to analyst estimates of $145.49 million. The business’s revenue for the quarter was up 50.3% compared to the same quarter last year.

NASDAQ:ZI traded down $1.49 during trading hours on Tuesday, reaching $48.42. The company’s stock had a trading volume of 3,049,008 shares, compared to its average volume of 2,210,052. ZoomInfo Technologies has a one year low of $30.83 and a one year high of $64.40. The business’s 50-day moving average is $49.75 and its 200-day moving average is $47.36. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.88.

ZI has been the subject of a number of recent research reports. Piper Sandler increased their price objective on ZoomInfo Technologies from $59.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, March 1st. Credit Suisse Group increased their price objective on ZoomInfo Technologies from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. Raymond James increased their price objective on ZoomInfo Technologies from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. Barclays increased their price objective on ZoomInfo Technologies from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Wolfe Research assumed coverage on ZoomInfo Technologies in a research report on Wednesday, April 28th. They set an “outperform” rating and a $60.00 price objective for the company. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $60.48.

In other ZoomInfo Technologies news, CEO Henry Schuck sold 262,665 shares of the company’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $47.81, for a total transaction of $12,558,013.65. Following the completion of the sale, the chief executive officer now directly owns 262,665 shares in the company, valued at $12,558,013.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joseph Christopher Hays sold 3,284 shares of the company’s stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $52.01, for a total transaction of $170,800.84. Following the sale, the chief operating officer now owns 3,284 shares of the company’s stock, valued at $170,800.84. The disclosure for this sale can be found here. Insiders sold 4,798,274 shares of company stock valued at $257,876,057 over the last quarter.

About ZoomInfo Technologies

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

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