Long Position on ZI @ $60.00 on 4/5/2022 (Fundamentals)

ZoomInfo Technologies Inc. (ZI), through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally.

Bullish Flag on $ ZIThe 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.

It serves enterprises, mid-market companies, and down to small businesses that operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate.

ZoomInfo Technologies Inc. was founded in 2007 and is headquartered in Vancouver, Washington.

Zoominfo Technologies Inc reported Quarter December 2021 earnings of $0.14 per share on revenue of $222.3 million. The consensus earnings estimate was $0.13 per share on revenue of $207.7 million. Revenue grew 59.1% on a year-over-year basis.

The company said it expects first quarter non-GAAP earnings of $0.14 to $0.15 per share on revenue of $226.0 million to $228.0 million. The current consensus earnings estimate is $0.15 per share on revenue of $215.10 million for the quarter ending March 31, 2022. The company said it expects 2022 non-GAAP earnings of $0.71 to $0.73 per share on revenue of $1.01 billion to $1.02 billion. The current consensus earnings estimate is $0.68 per share on revenue of $981.43 million for the year ending December 31, 2022.

Ranking at the top of its group as a leader in go-to-market software, data, and intelligence; this stock is sure to rise as it expands internationally to India.

Entry Point: $60.00

Stop loss: $57.00

Trading Range: $37.86 - $79.17

Target Price: $66.00

 

 

Position closed on 4/11/2022 at price of $56.75 with a -5.42% loss in 6 days.

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