ZoomInfo Technologies (ZI) Scheduled to Post Earnings on Tuesday

ZoomInfo Technologies (NASDAQ:ZI) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07). ZoomInfo Technologies had a return on equity of 10.96% and a net margin of 1.25%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $307.68 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s quarterly revenue was down 5.5% on a year-over-year basis. On average, analysts expect ZoomInfo Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $11.29 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39. The company has a 50-day simple moving average of $10.22 and a two-hundred day simple moving average of $11.52. The firm has a market capitalization of $4.12 billion, a PE ratio of 282.25, a price-to-earnings-growth ratio of 6.76 and a beta of 1.03.

Insider Activity at ZoomInfo Technologies

In other news, CEO Henry Schuck bought 1,500,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $8.49 per share, for a total transaction of $12,735,000.00. Following the purchase, the chief executive officer now owns 11,788,001 shares in the company, valued at $100,080,128.49. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 8.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ZI. Citigroup lowered their target price on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Barclays lowered their target price on shares of ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Needham & Company LLC reduced their price target on shares of ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. DA Davidson downgraded shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $9.50 in a research report on Tuesday, August 6th. Finally, Mizuho reduced their price target on shares of ZoomInfo Technologies from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.