ZoomInfo Technologies (NASDAQ:ZI) Updates Q4 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) updated its fourth quarter earnings guidance on Tuesday. 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 Stock Up 3.4 %

NASDAQ ZI traded up $0.43 during trading on Tuesday, reaching $13.08. 18,068,090 shares of the company’s stock were exchanged, compared to its average volume of 6,778,492. ZoomInfo Technologies has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The company’s fifty day simple moving average is $10.42 and its 200-day simple moving average is $11.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $4.78 billion, a PE ratio of 316.25, a P/E/G ratio of 7.34 and a beta of 1.03.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ZI shares. Needham & Company LLC reduced their target price on ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Daiwa America downgraded shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $9.50 in a research note on Tuesday, August 6th. Royal Bank of Canada dropped their target price on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a report on Tuesday, August 6th. Finally, Citigroup lowered their target price on ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.61.

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.