ZoomInfo Technologies (NASDAQ:ZI) Issues Earnings Results

ZoomInfo Technologies (NASDAQ:ZI) announced its earnings results on Tuesday. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07), Zacks reports. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%.

ZoomInfo Technologies Stock Performance

NASDAQ:ZI traded down $0.11 during mid-day trading on Tuesday, hitting $9.53. The stock had a trading volume of 9,171,536 shares, compared to its average volume of 6,391,970. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $10.26 and a 200-day simple moving average of $10.32. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 317.77, a P/E/G ratio of 13.05 and a beta of 1.01. ZoomInfo Technologies has a 52 week low of $7.65 and a 52 week high of $17.45.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ZI. KeyCorp lowered ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Scotiabank began coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price target for the company. Barclays cut their price target on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company reissued an “equal weight” rating and set a $11.00 price objective (down from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Finally, Citigroup upped their target price on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.15.

Insiders Place Their Bets

In other news, CTO Ali Dasdan sold 4,898 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Randall Winn sold 290,541 shares of the business’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 transaction of $3,213,383.46. Following the completion of the sale, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.

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.