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

ZoomInfo Technologies (NASDAQ:ZI) announced its quarterly earnings results on Sunday. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02, MarketWatch Earnings reports. The business had revenue of $153.30 million during the quarter, compared to the consensus estimate of $145.49 million. The business’s revenue was up 50.3% compared to the same quarter last year.

NASDAQ:ZI traded down $1.39 during mid-day trading on Tuesday, reaching $48.52. The company’s stock had a trading volume of 91,036 shares, compared to its average volume of 2,199,222. ZoomInfo Technologies has a 1 year low of $30.83 and a 1 year high of $64.40. The stock has a fifty day moving average of $49.72 and a 200-day moving average of $47.32. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.88.

ZI has been the topic of several research reports. Wolfe Research initiated coverage on shares of ZoomInfo Technologies in a research report on Wednesday, April 28th. They issued an “outperform” rating and a $60.00 price target on the stock. Mizuho boosted their price target on shares of ZoomInfo Technologies from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, February 23rd. Morgan Stanley boosted their price target on shares of ZoomInfo Technologies from $55.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, March 1st. Truist boosted their price objective on shares of ZoomInfo Technologies from $67.00 to $70.00 in a research report on Tuesday. Finally, Raymond James boosted their target price on shares of ZoomInfo Technologies from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $60.48.

In other ZoomInfo Technologies news, CRO Joseph Christopher Hays sold 46,448 shares of the stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $55.32, for a total transaction of $2,569,503.36. Following the completion of the sale, the executive now directly owns 50,000 shares of the company’s stock, valued at $2,766,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Todd Crockett sold 1,734,233 shares of the stock in a transaction dated Wednesday, February 3rd. The shares were 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. Over the last three months, insiders have sold 4,798,274 shares of company stock valued at $257,876,057.

ZoomInfo Technologies Company Profile

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 organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

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