ZoomInfo Technologies (ZI) Expected to Announce Quarterly Earnings on Tuesday

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $297.64 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock traded down $0.25 on Friday, hitting $9.65. The company's stock had a trading volume of 6,484,138 shares, compared to its average volume of 6,300,521. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 321.77, a price-to-earnings-growth ratio of 13.41 and a beta of 1.01. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $17.89. 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 firm has a fifty day moving average price of $10.28 and a 200-day moving average price of $10.29.

Insiders Place Their Bets

In related news, Director David Randall Winn sold 290,541 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares of the company's stock, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Scotiabank initiated coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They issued a "sector perform" rating and a $10.30 price objective for the company. Piper Sandler reissued an "underweight" rating and issued a $10.00 price target (down previously from $11.00) on shares of ZoomInfo Technologies in a report on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Citigroup boosted their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $11.00 price target (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.15.

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.