ZoomInfo Technologies (ZI) to Release Quarterly Earnings on Tuesday

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect ZoomInfo Technologies to post earnings of $0.22 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.07). The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $307.68 million. ZoomInfo Technologies had a net margin of 1.25% and a return on equity of 10.96%. ZoomInfo Technologies's revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. On average, analysts expect ZoomInfo Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ZoomInfo Technologies Price Performance

ZI traded down $0.10 during midday trading on Tuesday, hitting $11.19. 5,527,367 shares of the company traded hands, compared to its average volume of 6,637,140. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 279.82, a PEG ratio of 6.93 and a beta of 1.03. The business has a 50 day simple moving average of $10.24 and a two-hundred day simple moving average of $11.49. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. ZoomInfo Technologies has a 52-week low of $7.65 and a 52-week high of $19.39.

Insider Activity at ZoomInfo Technologies

In other news, CEO Henry Schuck bought 1,500,000 shares of the business's stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the completion of the transaction, the chief executive officer now owns 11,788,001 shares of the company's stock, valued at approximately $100,080,128.49. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.20% of the company's stock.

Wall Street Analyst Weigh In

ZI has been the subject of a number of recent research reports. Bank of America downgraded ZoomInfo Technologies from a "buy" rating to an "underperform" rating and cut their target price for the stock from $23.00 to $8.00 in a research note on Tuesday, August 6th. Barclays reduced their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an "equal weight" rating on the stock 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 for the company in a research note on Tuesday, August 6th. Needham & Company LLC cut their price target on shares of ZoomInfo Technologies from $25.00 to $15.00 and set a "buy" rating for the company in a report on Tuesday, August 6th. Finally, Stifel Nicolaus decreased their price objective on ZoomInfo Technologies from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.61.

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.