ZoomInfo Technologies (NASDAQ:ZI) Releases Q2 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZIGet Rating) updated its second quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.17-$0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.17. The company issued revenue guidance of $253-$255 million, compared to the consensus revenue estimate of $240.37 million.ZoomInfo Technologies also updated its FY22 guidance to $0.75-$0.77 EPS.

Shares of NASDAQ:ZI opened at $49.20 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.08 and a quick ratio of 1.08. ZoomInfo Technologies has a 1-year low of $37.86 and a 1-year high of $79.17. The company has a market capitalization of $19.84 billion, a P/E ratio of 175.71, a P/E/G ratio of 3.01 and a beta of 1.52. The firm’s 50 day simple moving average is $54.45 and its two-hundred day simple moving average is $59.12.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. ZoomInfo Technologies had a net margin of 15.63% and a return on equity of 9.56%. During the same quarter in the prior year, the company earned $0.02 EPS. On average, sell-side analysts anticipate that ZoomInfo Technologies will post 0.49 earnings per share for the current fiscal year.

ZI has been the topic of several analyst reports. Canaccord Genuity Group lowered their price target on shares of ZoomInfo Technologies from $80.00 to $68.00 in a report on Wednesday, February 16th. Canaccord Genuity Group lowered their target price on shares of ZoomInfo Technologies from $80.00 to $68.00 and set a buy rating on the stock in a report on Wednesday, February 16th. Raymond James lowered their target price on shares of ZoomInfo Technologies from $82.00 to $70.00 and set an outperform rating on the stock in a report on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of ZoomInfo Technologies from $80.00 to $75.00 in a report on Tuesday. Finally, UBS Group boosted their target price on shares of ZoomInfo Technologies from $67.00 to $73.00 and gave the stock a buy rating in a report on Wednesday, February 16th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies has an average rating of Buy and a consensus target price of $75.60.

In other ZoomInfo Technologies news, major shareholder Subsidiary Holdings L.L.C. Cg sold 22,880 shares of the business’s stock in a transaction on Monday, February 14th. The shares were sold at an average price of $57.31, for a total transaction of $1,311,252.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Carlyle Group Inc. sold 273,527 shares of the business’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $58.22, for a total transaction of $15,924,741.94. The disclosure for this sale can be found here. Insiders have sold 1,836,023 shares of company stock worth $108,714,509 in the last quarter. Company insiders own 9.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ZI. BlackRock Inc. grew its holdings in shares of ZoomInfo Technologies by 46.4% in the fourth quarter. BlackRock Inc. now owns 14,094,526 shares of the company’s stock worth $904,868,000 after purchasing an additional 4,464,210 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of ZoomInfo Technologies by 265.3% in the fourth quarter. Deutsche Bank AG now owns 2,648,332 shares of the company’s stock worth $170,024,000 after purchasing an additional 1,923,427 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of ZoomInfo Technologies by 347.8% in the fourth quarter. Legal & General Group Plc now owns 539,597 shares of the company’s stock worth $34,642,000 after purchasing an additional 419,095 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of ZoomInfo Technologies by 84.1% in the fourth quarter. California State Teachers Retirement System now owns 274,207 shares of the company’s stock worth $17,604,000 after purchasing an additional 125,257 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in ZoomInfo Technologies by 84.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 225,384 shares of the company’s stock worth $13,791,000 after acquiring an additional 103,315 shares in the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.

ZoomInfo Technologies Company Profile (Get Rating)

ZoomInfo Technologies Inc, through 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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