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On Monday, Barclays (LON:BARC) reaffirmed its Equalweight rating on ZoomInfo Technologies (NASDAQ:ZI) shares with a steady price target of $9.00. The focus was on the company’s first-quarter performance, which, despite a slight year-over-year dip in revenue, surpassed consensus estimates. According to InvestingPro data, analyst targets for ZI range from $6 to $15, with the stock currently trading at $10.34. Barclays analysts highlighted the better-than-expected results, suggesting they could lead to a modest uplift in investor sentiment.
ZoomInfo Technologies, known for its cloud-based market intelligence platform, has been navigating the competitive landscape and has reported its Q1 results. While the company’s revenue showed a minor decline compared to the same period last year, InvestingPro analysis reveals impressive gross profit margins of 88.19% and an overall financial health rating of GOOD. The figures presented were above the consensus predictions by analysts, which could signal a growing confidence among investors in the company’s financial health.
The Barclays analysts commented on the results, noting that the company’s performance in the first quarter could lead to a small positive shift in market reactions. This observation is based on the premise that outperforming consensus estimates is a strong indicator of a company’s resilience and potential for growth, despite the challenges it may face. InvestingPro has identified several additional key insights about ZoomInfo, including expectations for net income growth this year. Subscribers can access the complete Pro Research Report, which provides comprehensive analysis of ZI along with 1,400+ other US stocks.
ZoomInfo’s financials are closely watched by investors as an indicator of the company’s stability and potential for future growth. The company’s ability to exceed expectations in the face of revenue decline may be seen as a testament to its strategic planning and execution.
In summary, Barclays’ unchanged Equalweight rating and $9.00 price target on ZoomInfo Technologies reflect a cautious but steady outlook for the company following its Q1 results. The slight revenue decline did not deter analysts from recognizing the positive aspects of the earnings report, which could instill a renewed sense of confidence among the investment community.
In other recent news, ZoomInfo Technologies Inc. reported first-quarter earnings that exceeded analyst expectations, with adjusted earnings per share at $0.23, surpassing the anticipated $0.22. The company’s revenue reached $305.7 million, also beating forecasts of $295.56 million, although it represented a 1% decrease year-over-year. ZoomInfo raised its full-year 2025 guidance, now projecting revenue between $1.195 billion and $1.205 billion, and adjusted earnings per share of $0.96 to $0.98. This is an increase from the previous guidance of $1.185 billion to $1.205 billion in revenue and $0.95 to $0.97 in adjusted earnings per share. For the second quarter, the company forecasts revenue between $295 million and $298 million, with adjusted earnings per share in the range of $0.22 to $0.24, both ahead of consensus estimates. Additionally, ZoomInfo closed the quarter with 1,868 customers having annual contract values of $100,000 or more, an increase of 108 from the previous year. The company’s net revenue retention rate improved to 87% sequentially. During the first quarter, ZoomInfo repurchased 8.6 million shares for $95 million. The company also announced a change in its ticker symbol to "GTM," effective May 13.
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