ZoomInfo Technologies (NASDAQ:ZI – Get Free Report) issued its earnings results on Monday. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07), Briefing.com reports. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $307.68 million. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 earnings per share. ZoomInfo Technologies updated its Q3 guidance to $0.21-0.22 EPS and its FY24 guidance to $0.86-0.88 EPS.
ZoomInfo Technologies Price Performance
ZI traded up $0.69 during trading hours on Wednesday, hitting $8.70. The company’s stock had a trading volume of 22,941,381 shares, compared to its average volume of 6,625,705. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 42.70, a P/E/G ratio of 2.50 and a beta of 1.06. The business’s 50-day moving average price is $11.85 and its 200-day moving average price is $14.31. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61. ZoomInfo Technologies has a 12 month low of $7.65 and a 12 month high of $19.39.
Insider Buying and Selling at ZoomInfo Technologies
In related news, Director Mark Patrick Mader sold 3,112 shares of ZoomInfo Technologies stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total value of $39,771.36. Following the completion of the transaction, the director now owns 17,622 shares in the company, valued at $225,209.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CTO Ali Dasdan sold 5,862 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $11.90, for a total value of $69,757.80. Following the sale, the chief technology officer now owns 87,540 shares of the company’s stock, valued at $1,041,726. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark Patrick Mader sold 3,112 shares of ZoomInfo Technologies stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $12.78, for a total transaction of $39,771.36. Following the transaction, the director now directly owns 17,622 shares of the company’s stock, valued at $225,209.16. The disclosure for this sale can be found here. Insiders sold 23,974 shares of company stock worth $298,154 over the last 90 days. 8.10% of the stock is owned by insiders.
Analyst Ratings Changes
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.
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