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

ZoomInfo Technologies (NASDAQ:ZI) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. 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.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays reduced their price target on ZoomInfo Technologies from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Stifel Nicolaus dropped their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Piper Sandler increased their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada dropped their target price on ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating on the stock in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.84.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI opened at $10.58 on Friday. The company has a market cap of $3.86 billion, a P/E ratio of 352.78, a price-to-earnings-growth ratio of 6.44 and a beta of 1.03. The company’s fifty day moving average is $10.51 and its two-hundred day moving average is $11.36. The company has a quick ratio of 0.97, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies has a 12-month low of $7.65 and a 12-month high of $19.39.

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.