ZoomInfo Technologies (NASDAQ:ZI) Releases 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. ZoomInfo Technologies also updated its FY 2024 guidance to 0.920-0.930 EPS.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ZI. Deutsche Bank Aktiengesellschaft cut their target price on ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Barclays cut their price target on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Citigroup decreased their price objective on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Truist Financial cut their target price on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $9.50 in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average target price of $12.76.

ZoomInfo Technologies Trading Up 0.8 %

ZI traded up $0.08 during trading on Thursday, hitting $10.61. The company’s stock had a trading volume of 1,656,813 shares, compared to its average volume of 6,902,698. ZoomInfo Technologies has a twelve month low of $7.65 and a twelve month high of $19.39. The stock has a market cap of $3.88 billion, a PE ratio of 351.12, a PEG ratio of 8.00 and a beta of 1.03. The firm’s 50 day moving average price is $10.50 and its 200-day moving average price is $11.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97.

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.