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Zoominfo Technologies Inc . (NASDAQ:ZI) stock has touched a 52-week low, dipping to $7.65, as the company faces a challenging market environment. Despite the recent decline, the company maintains impressive gross profit margins of 88.19%, and InvestingPro analysis indicates the stock is currently in oversold territory. This latest price level reflects a significant downturn from previous periods, with the stock experiencing a substantial 1-year change, plummeting by -41.71%. Investors are closely monitoring Zoominfo’s performance as it navigates through the current economic headwinds, which have impacted its valuation and investor sentiment. Management has shown confidence by actively buying back shares, and InvestingPro analysis suggests the stock is currently trading below its Fair Value. The company’s ability to adapt and innovate will be critical as it seeks to recover from this low point and strive for future growth. With net income growth expected this year and 12 additional exclusive insights available on InvestingPro, investors can access comprehensive analysis to make informed decisions about ZI’s recovery potential.
In other recent news, ZoomInfo Technologies reported fourth-quarter revenue of $309 million, exceeding expectations by 3.9%. Analysts from Needham, Scotiabank (TSX:BNS), and Stifel have responded positively to these results, with Needham maintaining a Buy rating and a $15 price target, Scotiabank raising its target to $11 while keeping a Sector Perform rating, and Stifel increasing its target to $14 with a Buy rating. ZoomInfo’s Net Revenue Retention improved to 87%, marking the first increase since early 2022, and the company’s CoPilot product has achieved $150 million in Annual Contract Value. Operations OS has also shown significant growth, with a 27% year-over-year increase in ACV. Analysts expect that ZoomInfo’s strategic focus on up-market customers will continue to support its growth trajectory. Needham analysts noted a strategic shift towards customers with over 100 employees, which now represent a significant portion of the company’s Annual Contract Value. Despite conservative guidance for 2025, analysts from Needham and Stifel express confidence in ZoomInfo’s potential to outperform expectations.
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