ZoomInfo Technologies (NASDAQ:ZI) Updates Q2 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.23 to $0.24 for the period, compared to the consensus earnings per share estimate of $0.25. The company issued revenue guidance of $306 million to $309 million, compared to the consensus revenue estimate of $313.23 million.

ZoomInfo Technologies Trading Down 3.6 %

Shares of ZI traded down $0.60 on Tuesday, hitting $16.02. 16,487,146 shares of the stock traded hands, compared to its average volume of 6,269,782. The firm has a market capitalization of $6.08 billion, a P/E ratio of 59.34, a P/E/G ratio of 4.15 and a beta of 1.13. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. ZoomInfo Technologies has a 1 year low of $12.36 and a 1 year high of $30.16. The stock's 50 day moving average is $16.04 and its two-hundred day moving average is $15.90.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $316.40 million for the quarter, compared to analysts' expectations of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. As a group, sell-side analysts predict that ZoomInfo Technologies will post 0.64 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays decreased their price target on shares of ZoomInfo Technologies from $20.00 to $19.00 and set an equal weight rating on the stock in a report on Monday, April 15th. Royal Bank of Canada reissued an underperform rating and set a $14.00 price target on shares of ZoomInfo Technologies in a research report on Tuesday, February 13th. Morgan Stanley cut their price objective on ZoomInfo Technologies from $20.00 to $18.00 and set an equal weight rating on the stock in a report on Wednesday, April 17th. The Goldman Sachs Group boosted their target price on ZoomInfo Technologies from $17.00 to $19.50 and gave the stock a neutral rating in a report on Tuesday, February 13th. Finally, Bank of America upgraded shares of ZoomInfo Technologies from a neutral rating to a buy rating and raised their price target for the company from $20.00 to $25.00 in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $21.43.

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.