ZoomInfo Announces First Quarter 2024 Financial Results

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ZoomInfo Technologies Inc. (ZI) PT Cut to $12 at RBC

May 8, 2024 6:36 AM EDT

(Updated - May 8, 2024 6:42 AM EDT)

RBC Capital Rishi Jaluria Underperform ZoomInfo Technologies (NASDAQ: ZI) price target of $12.00 (from $14.00)

The analyst comments "ZoomInfo reported a skinny beat and lowered 2024 guidance, leading shares down 17% after-hours. The key incremental takeaway was SMB trends deteriorated,... More

Goldman Sachs Downgrades ZoomInfo Technologies (ZI) to Sell, 'Softer hiring backdrop, weak renewal trends elongate path to growth re-acceleration'

May 8, 2024 5:54 AM EDT

Goldman Sachs analyst Kash Rangan downgraded ZoomInfo Technologies (NASDAQ: ZI) from Neutral to Sell with a price target of $12.00 (from $19.50).

The analyst comments "We downgrade ZI to Sell (from Neutral) and lower our PT to $12 from $19.50. Our Neutral rating was predicated on: 1) elongated... More

ZoomInfo Technologies Inc. (ZI) Tops Q1 EPS by 3c, Offers Guidance

May 7, 2024 4:14 PM EDT

ZoomInfo Technologies Inc. (NASDAQ: ZI) reported Q1 EPS of $0.26, $0.03 better than the analyst estimate of $0.23. Revenue for the quarter came in at $310.1 million versus the consensus estimate of $308.76 million.

GUIDANCE:

ZoomInfo Technologies Inc. sees Q2 2024 EPS of $0.23-$0.24, versus the consensus... More