DA Davidson Comments on ZoomInfo Technologies Inc.’s Q2 2024 Earnings (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI) – Equities researchers at DA Davidson issued their Q2 2024 EPS estimates for ZoomInfo Technologies in a research note issued to investors on Wednesday, May 8th. DA Davidson analyst G. Luria anticipates that the company will post earnings of $0.15 per share for the quarter. DA Davidson has a “Buy” rating and a $27.00 price objective on the stock. The consensus estimate for ZoomInfo Technologies’ current full-year earnings is $0.64 per share. DA Davidson also issued estimates for ZoomInfo Technologies’ FY2024 earnings at $0.65 EPS and FY2025 earnings at $0.71 EPS.

ZoomInfo Technologies (NASDAQ:ZI) last issued its earnings results on Monday, February 12th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $316.40 million for the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a net margin of 8.66% and a return on equity of 11.25%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS.

Several other analysts have also recently weighed in on ZI. Citigroup dropped their price objective on ZoomInfo Technologies from $13.00 to $11.00 and set a “sell” rating for the company in a report on Thursday. Bank of America upgraded shares of ZoomInfo Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $20.00 to $25.00 in a research report on Monday, January 29th. Morgan Stanley decreased their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. The Goldman Sachs Group lowered ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their target price for the company from $19.50 to $12.00 in a research note on Wednesday. Finally, UBS Group lowered their price target on ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus target price of $19.00.

ZoomInfo Technologies Trading Up 3.6 %

ZI opened at $12.58 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $4.78 billion, a PE ratio of 46.59, a PEG ratio of 4.28 and a beta of 1.13. The firm has a 50-day moving average price of $15.92 and a two-hundred day moving average price of $15.87. ZoomInfo Technologies has a 1-year low of $11.67 and a 1-year high of $30.16.

Institutional Trading of ZoomInfo Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in shares of ZoomInfo Technologies by 64.2% during the fourth quarter. Fifth Third Bancorp now owns 1,653 shares of the company’s stock valued at $31,000 after buying an additional 646 shares during the period. GAMMA Investing LLC purchased a new position in ZoomInfo Technologies during the 4th quarter valued at $43,000. International Assets Investment Management LLC raised its holdings in ZoomInfo Technologies by 792.2% in the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after purchasing an additional 2,939 shares in the last quarter. Quest Partners LLC bought a new position in ZoomInfo Technologies in the fourth quarter worth about $62,000. Finally, Quadrant Capital Group LLC lifted its holdings in ZoomInfo Technologies by 85.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,885 shares of the company’s stock worth $72,000 after buying an additional 1,786 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.