ZoomInfo Technologies Inc. Expected to Earn Q2 2024 Earnings of $0.15 Per Share (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) - DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of ZoomInfo Technologies in a research note issued on Wednesday, May 8th. DA Davidson analyst G. Luria expects that the company will post earnings per share of $0.15 for the quarter. DA Davidson currently has a "Buy" rating and a $27.00 target price 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.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group lowered their price objective on shares of ZoomInfo Technologies from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday. Truist Financial lifted their price target on shares of ZoomInfo Technologies from $16.00 to $20.00 and gave the stock a "hold" rating in a report on Tuesday, February 13th. Wells Fargo & Company decreased their price objective on ZoomInfo Technologies from $28.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday. Morgan Stanley decreased their price target 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. Finally, KeyCorp cut their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.00.

ZoomInfo Technologies Price Performance

NASDAQ ZI traded up $0.18 during midday trading on Friday, hitting $12.76. The company had a trading volume of 7,880,674 shares, compared to its average volume of 6,573,733. The firm has a 50-day moving average price of $15.83 and a 200-day moving average price of $15.84. The company has a market capitalization of $4.84 billion, a PE ratio of 46.00, a P/E/G ratio of 4.28 and a beta of 1.13. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies has a twelve month low of $11.67 and a twelve month high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted 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 return on equity of 11.25% and a net margin of 8.66%. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZI. American Trust raised its position in shares of ZoomInfo Technologies by 5.9% during the 4th quarter. American Trust now owns 11,326 shares of the company's stock valued at $209,000 after buying an additional 628 shares in the last quarter. Fifth Third Bancorp raised its position in 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 purchasing an additional 646 shares in the last quarter. Retirement Systems of Alabama lifted its stake in ZoomInfo Technologies by 0.3% during the first quarter. Retirement Systems of Alabama now owns 371,995 shares of the company's stock worth $5,963,000 after purchasing an additional 976 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of ZoomInfo Technologies by 0.5% in the 3rd quarter. Stifel Financial Corp now owns 225,036 shares of the company's stock worth $3,691,000 after purchasing an additional 1,143 shares in the last quarter. Finally, 49 Wealth Management LLC increased its position in shares of ZoomInfo Technologies by 11.3% during the 1st quarter. 49 Wealth Management LLC now owns 13,345 shares of the company's stock valued at $214,000 after purchasing an additional 1,360 shares during the last quarter. 95.47% of the stock is owned by 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.