ZoomInfo Technologies (ZI) to Release Earnings on Tuesday

ZoomInfo Technologies (NASDAQ:ZI) is projected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect ZoomInfo Technologies to post earnings of $0.23 per share and revenue of $297.64 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

ZoomInfo Technologies Trading Up 0.7 %

ZI opened at $10.24 on Tuesday. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $18.27. The company has a market cap of $3.52 billion, a P/E ratio of 341.45, a PEG ratio of 13.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The business’s 50-day simple moving average is $10.32 and its 200-day simple moving average is $10.29.

Analysts Set New Price Targets

A number of research firms have recently commented on ZI. Scotiabank began coverage on ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective on the stock. Mizuho raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Wells Fargo & Company restated an “equal weight” rating and set a $11.00 price target (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Finally, Barclays dropped their price target on ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and a consensus price target of $12.15.

Insider Activity

In related news, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the transaction, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now directly owns 1,266,807 shares of the company’s stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

About ZoomInfo Technologies

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.