ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) announced its earnings results on Monday. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07), Briefing.com reports. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $307.68 million. ZoomInfo Technologies had a return on equity of 12.00% and a net margin of 6.24%. ZoomInfo Technologies’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. ZoomInfo Technologies updated its Q3 guidance to $0.21-0.22 EPS and its FY24 guidance to $0.86-0.88 EPS.
ZoomInfo Technologies Stock Performance
Shares of ZoomInfo Technologies stock traded up $0.69 during midday trading on Wednesday, hitting $8.70. The company had a trading volume of 22,941,381 shares, compared to its average volume of 6,625,705. ZoomInfo Technologies has a 1-year low of $7.65 and a 1-year high of $19.39. The business’s 50 day simple moving average is $11.85 and its two-hundred day simple moving average is $14.31. The stock has a market cap of $3.25 billion, a PE ratio of 42.70, a P/E/G ratio of 2.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.11.
Insiders Place Their Bets
In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $95,850.00. Following the completion of the transaction, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $95,850.00. Following the sale, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at approximately $16,345,913.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Ali Dasdan sold 5,862 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total transaction of $69,757.80. Following the transaction, the chief technology officer now directly owns 87,540 shares of the company’s stock, valued at $1,041,726. The disclosure for this sale can be found here. Insiders have sold 23,974 shares of company stock worth $298,154 in the last ninety days. Insiders own 8.10% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on ZoomInfo Technologies
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.
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