ZoomInfo Technologies (NASDAQ:ZI) Announces Earnings Results, Beats Expectations By $0.02 EPS

ZoomInfo Technologies (NASDAQ:ZI) posted its earnings results on Sunday. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02, MarketWatch Earnings reports. The firm had revenue of $139.70 million for the quarter, compared to the consensus estimate of $130.44 million. The firm’s revenue was up 53.3% on a year-over-year basis.

Shares of ZI traded up $2.11 during trading hours on Tuesday, reaching $53.43. 12,776,194 shares of the company traded hands, compared to its average volume of 2,182,519. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.88. The stock’s fifty day moving average price is $50.16 and its 200 day moving average price is $43.22. ZoomInfo Technologies has a 12-month low of $30.83 and a 12-month high of $64.40.

ZI has been the subject of a number of research reports. Truist boosted their price target on shares of ZoomInfo Technologies from $60.00 to $67.00 in a research note on Tuesday. Morgan Stanley upped their price objective on shares of ZoomInfo Technologies from $55.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday. Raymond James upped their price objective on shares of ZoomInfo Technologies from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday. Piper Sandler reaffirmed an “overweight” rating and issued a $70.00 price objective (up previously from $59.00) on shares of ZoomInfo Technologies in a research note on Tuesday. Finally, Credit Suisse Group upped their price objective on shares of ZoomInfo Technologies from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $58.83.

In other ZoomInfo Technologies news, CRO Joseph Christopher Hays sold 13,935 shares of the business’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $56.30, for a total value of $784,540.50. Following the completion of the transaction, the executive now directly owns 15,000 shares in the company, valued at $844,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd Crockett sold 1,734,233 shares of the business’s stock in a transaction dated Wednesday, February 3rd. The stock was sold at an average price of $54.03, for a total transaction of $93,700,608.99. The disclosure for this sale can be found here. Insiders sold 5,249,591 shares of company stock valued at $258,463,216 over the last 90 days.

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 target organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services and insurance, retail, media and internet, transportation, education, hospitality, healthcare, and real estate, as well as enterprises, mid-market companies, and small and medium-sized business.

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