ZoomInfo Technologies (NASDAQ:ZI) Releases Q4 2024 Earnings Guidance

ZoomInfo Technologies (NASDAQ:ZI) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.220-0.230 for the period, compared to the consensus estimate of 0.230. The company issued revenue guidance of $296.0 million-$299.0 million, compared to the consensus revenue estimate of $296.9 million. ZoomInfo Technologies also updated its FY 2024 guidance to 0.920-0.930 EPS.

Analyst Ratings Changes

ZI has been the subject of a number of analyst reports. Daiwa Capital Markets cut ZoomInfo Technologies from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Needham & Company LLC reduced their target price on shares of ZoomInfo Technologies from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $9.50 in a research note on Tuesday, August 6th. Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Finally, Daiwa America lowered shares of ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.61.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI traded up $0.43 during trading on Tuesday, hitting $13.08. 20,450,330 shares of the company’s stock were exchanged, compared to its average volume of 6,779,872. The business’s 50-day simple moving average is $10.42 and its 200 day simple moving average is $11.39. 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 52-week low of $7.65 and a 52-week high of $19.39. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 316.25, a PEG ratio of 7.34 and a beta of 1.03.

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.