ZoomInfo Technologies (NASDAQ:ZI) Updates 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.

Analyst Ratings Changes

Several analysts have recently issued reports on ZI shares. Daiwa Capital Markets downgraded ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $15.00 to $9.00 in a research note on Tuesday, August 13th. Citigroup cut their price target on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Mizuho decreased their price objective on ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Bank of America cut shares of ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $23.00 to $8.00 in a research report on Tuesday, August 6th. Finally, KeyCorp downgraded shares of ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.61.

ZoomInfo Technologies Stock Performance

ZI traded up $0.45 during trading on Tuesday, hitting $13.10. 17,828,469 shares of the stock were exchanged, compared to its average volume of 6,777,397. The stock has a fifty day moving average price of $10.42 and a two-hundred day moving average price of $11.39. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39. The firm has a market capitalization of $4.79 billion, a P/E ratio of 316.25, a PEG ratio of 7.34 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

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.