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

ZoomInfo Technologies (NASDAQ:ZI) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.920-0.930 for the period, compared to the consensus EPS 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 ZoomInfo Technologies stock opened at $10.58 on Friday. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $19.39. The company has a market capitalization of $3.86 billion, a PE ratio of 352.78, a P/E/G ratio of 6.44 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.97 and a current ratio of 0.63. The company has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $11.36.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Piper Sandler raised their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday. Truist Financial reduced their target price on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. DA Davidson lowered shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $9.50 in a report on Tuesday, August 6th. Mizuho lifted their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, KeyCorp downgraded ZoomInfo Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and a consensus target price of $12.84.

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.