ZoomInfo Technologies (NASDAQ:ZI) Releases FY 2024 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.920-0.930 for the period, compared to the consensus estimate of 0.880. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. ZoomInfo Technologies also updated its Q4 guidance to $0.22-0.23 EPS.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $10.53 on Thursday. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39. The stock has a market cap of $3.85 billion, a P/E ratio of 351.12, a PEG ratio of 8.00 and a beta of 1.03. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $10.49 and a two-hundred day moving average of $11.37.

Analysts Set New Price Targets

ZI has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of ZoomInfo Technologies from $11.00 to $7.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. KeyCorp cut ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, August 6th. DA Davidson lowered ZoomInfo Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday. Finally, Stifel Nicolaus cut their price objective on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.76.

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.