Long Position on ZI @ $46.00 on 10/22/2020 (Fundamentals)

ZoomInfo Technologies Inc. (ZI) operates cloud-based go-to-market intelligence platform for sales and marketing teams in the United States and internationally.

The company's platform helps sales and marketing professionals to identify the target customers, pinpoint the right decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft the right message, engage via automated sales tools, and track progress through the deal cycle. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services and insurance, retail, media and internet, transportation, education, hospitality, healthcare, and real estate, as well as global enterprises, mid-market companies, and small and medium-sized business.

ZoomInfo Technologies Inc Cl A (ZI) reported 2nd Quarter June 2020 earnings of $0.11 per share on revenue of $110.9 million. The consensus earnings estimate was $0.05 per share.

The company said it expects third quarter non-GAAP earnings of $0.08 to $0.09 per share on revenue of $116.0 million to $118.0 million and 2020 earnings of $0.29 to $0.30 per share on revenue of $451.0 million to $455.0 million. The current consensus earnings estimate is $0.08 per share on revenue of $112.7 million for the quarter ending September 30, 2020 and earnings of $0.28 per share on revenue of $441.0 million for the year ending December 31, 2020.

This stock should continue to follow its upward momentum and push out of its "bullish cup and handle" formation.

Entry Point: $46.00

Stop Loss: $43.75

Trading Range: $30.83 - $64.40

Target Price: $50.50

Updates

10/26/2020 1:23:20 PM

ZI  closed at $42

Position closed on 10/26/2020 at price of $42.00 with a -8.70% loss in 4 days.

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