The latter guarantee is impressive, although it may be difficult to verify. See you at the top! While ZoomInfo hasn't been left untouched by the pandemic and its wide-ranging fallout, a rising stock market has buoyed hopes for a strong IPO. Small Cap Pro.

ZoomInfo is a leading go-to-market intelligence platform for sales and marketing teams.

Wall Street was looking for just $0.05 per share in adjusted profits. Copyright © As a result, this may be an indication that investors believe that ZoomInfo stock could be fetching a frothy valuation.

Yet caution may be worthwhile, as the hype associated with IPOs and the cloud space could have a surprisingly brief shelf life. Top institutional investors include Carlyle Group Inc. (234.01%), FMR LLC (11.91%), Vanguard Group Inc. (7.22%), Bamco Inc. NY (7.06%), Dragoneer Investment Group LLC (5.99%) and Federated Hermes Inc. (2.39%).
The shares gained over 60% during their debut on the Nasdaq. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. For full-year 2020, revenue should be $451 million to $455 million. Let's conquer your financial goals together...faster. ZoomInfo’s platform is definitely substantial. Skip to content. Shares of ZoomInfo Technologies Inc. ZI, +0.24% got off to a flying start, as the sales and marketing software company's stock opened at nearly double its initial public offering price. The higher estimated offering price marks the second time the Vancouver, Wash., company has raised the price of its IPO.
Evan Niu, CFA (TMFNewCow) Aug 11, 2020 at 1:32PM Author Bio. By June 10, exactly a week after the stock’s debut, ZoomInfo was approaching the $63 level.

17 brokers have issued 1-year price objectives for ZoomInfo Technologies' stock.

$34.10 . Their forecasts range from $46.00 to $60.00. Article printed from InvestorPlace Media, https://investorplace.com/2020/07/zoominfo-stock-has-zoomed-too-far-and-could-crash/. quotes delayed at least 15 minutes, all others at least 20 minutes.

This suggests a possible upside of 66.1% from the stock's current price. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Then on June 3, the initial public offering (IPO) of ZI stock took place and suddenly all eyes were on ZoomInfo. A system to measure the revenue impact of utilizing the data.

He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. There’s certainly an argument to be made in favor of buying the stock. So for now, the best approach may be to hold off on ZoomInfo stock until there is some stabilization. ZoomInfo Technologies (NASDAQ:ZI) was one of the first IPOs (Initial Public Offerings) that hit the markets after the novel corona virus led to shutdowns in the U.S. economy.

Some of the key benefits of ZoomInfo include: Growth has certainly been robust.

Get detailed information on ZoomInfo Technologies stock (NASDAQ: ZI), including today’s stock quote, real-time price, financial history, charts, and more.

But ZoomInfo stock might fall further as its hype fades. His extraordinary “stock-picking GPS” strategy found Apple at $1.49.

ZoomInfo, which operates a business-to-business (B2B) database, completed its IPO in early June.

The company, which was founded 2000, initially focused on building datasets to help sales people and marketers. ZoomInfo Stock Price (ZI) Data Provided by Refinitiv. 2020 InvestorPlace Media, LLC. The deal did not result in any cash for the company. The database includes over 100 million verified business professionals, 5.5 million executive-level contacts, and 16 million decisionmaker direct dials.

Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Our cloud-based platform provides highly accurate and comprehensive information on the organizations and professionals they target. Free trial. Adjusted earnings per share are forecast at $0.08 to $0.09, roughly in line with Wall Street's expectations of $0.08 per share.

All rights reserved. His extraordinary “stock-picking GPS” strategy found Apple at $1.49. Still, ZoomInfo evidently has more than 15,000 clients and a hand in the red-hot data analytics, artificial intelligence, and cloud-computing niches.

The next phase was the comedown, in which ZoomInfo stock was sold off as traders’ attention was diverted elsewhere. 1125 N. Charles St, Baltimore, MD 21201.

Granted, this phenomenon couldn’t possibly account for all of ZoomInfo’s initial gains.

The company stated: “We provide a comprehensive 360-degree view on approximately 14 million companies and over 120 million professionals… Our intelligence is kept up to date in real time. Copyright © 2020 InvestorPlace Media, LLC.

Jim Cramer discusses the stock market today including the ZoomInfo IPO, Broadcom earnings report and why the worst may be over for the weekly jobless claims.

Shares of ZoomInfo (NASDAQ:ZI) have zoomed lower today, down by 10% as of 12:40 p.m. EDT, after the company reported second-quarter earnings. The Bottom Line on ZoomInfo Stock In late August, the company pulled off secondary offering. Revenue in the second quarter jumped 62% to $110.9 million, which was ahead of the $105.6 million in sales that analysts were expecting.

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