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


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ZoomInfo Technologies (NASDAQ:ZI) posted its earnings results on Sunday. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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. ZoomInfo Technologies’s revenue was up 50.3% compared to the same quarter last year.

ZoomInfo Technologies stock traded down $2.52 during midday trading on Tuesday, reaching $47.39. The stock had a trading volume of 71,961 shares, compared to its average volume of 2,199,222. The company has a fifty day moving average of $49.72 and a 200 day moving average of $47.32. ZoomInfo Technologies has a 52-week low of $30.83 and a 52-week high of $64.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.57 and a current ratio of 1.57.

ZI has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of ZoomInfo Technologies in a report on Monday, March 29th. They issued a “buy” rating and a $65.00 price objective for the company. Mizuho boosted their price objective on shares of ZoomInfo Technologies from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of ZoomInfo Technologies from $58.00 to $54.00 and set a “hold” rating for the company in a report on Tuesday. Morgan Stanley boosted their price objective on shares of ZoomInfo Technologies from $55.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, March 1st. Finally, Truist boosted their price objective on shares of ZoomInfo Technologies from $67.00 to $70.00 in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. ZoomInfo Technologies has an average rating of “Buy” and a consensus price target of $60.00.

In other news, major shareholder Kirk Norman Brown sold 186,721 shares of the stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $47.35, for a total transaction of $8,841,239.35. Following the transaction, the insider now directly owns 186,721 shares in the company, valued at $8,841,239.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Henry Schuck sold 262,665 shares of the stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $47.81, for a total transaction of $12,558,013.65. Following the transaction, the chief executive officer now owns 262,665 shares in the company, valued at $12,558,013.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,798,274 shares of company stock worth $257,876,057.

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 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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