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

Posted by Faye Duncan on Feb 23rd, 2021 // Comments off

ZoomInfo Technologies logo ZoomInfo Technologies (NASDAQ:ZI) posted its earnings results on Sunday. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02, MarketWatch Earnings reports. The company had revenue of $139.70 million for the quarter, compared to the consensus estimate of $130.44 million. The firm’s revenue was up 53.3% compared to the same quarter last year.

Shares of NASDAQ:ZI opened at $51.32 on Tuesday. The stock’s 50-day moving average is $50.16 and its 200-day moving average is $43.22. ZoomInfo Technologies has a 52-week low of $30.83 and a 52-week high of $64.40. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.88.

In other ZoomInfo Technologies news, CRO Joseph Christopher Hays sold 13,935 shares of the firm’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $56.30, for a total transaction of $784,540.50. Following the completion of the transaction, the executive now owns 15,000 shares in the company, valued at $844,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Todd Crockett sold 126,641 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $58.13, for a total transaction of $7,361,641.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,249,591 shares of company stock valued at $258,463,216.

Several equities analysts have recently commented on the company. Mizuho upped their target price on ZoomInfo Technologies from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley raised ZoomInfo Technologies from an “equal weight” rating to an “overweight” rating and set a $53.00 target price for the company in a report on Thursday, November 19th. Credit Suisse Group reaffirmed an “outperform” rating and set a $70.00 target price (up from $60.00) on shares of ZoomInfo Technologies in a report on Tuesday. Royal Bank of Canada upgraded ZoomInfo Technologies from a “sector perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Thursday, November 5th. Finally, Barclays increased their target price on ZoomInfo Technologies from $49.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. ZoomInfo Technologies currently has an average rating of “Buy” and an average target price of $56.24.

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 target organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services and insurance, retail, media and internet, transportation, education, hospitality, healthcare, and real estate, as well as enterprises, mid-market companies, and small and medium-sized business.

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

You might be interested in: