ZoomInfo Technologies, Inc. ZI shares traded higher on Wednesday after the company reported 2024 fiscal-year fourth-quarter earnings on Tuesday after the market closed.

The Details: ZoomInfo reported adjusted earnings per share of 26 cents, beating the analyst estimates of 22 cents. In addition, the company reported sales of $309.10 million, beating the analyst estimate of $297.64, but representing a 2% decrease year-over-year.

Furthermore, ZoomInfo reported cash flow from operations of $369.4 million and adjusted operating income margin of 35%. The company also said it repurchased $562.3 million worth of stock or 46,801,742 shares throughout the fourth quarter.

 “Our AI innovation and commitment to customer success helped us improve financial performance faster than expected, with strength continuing into 2025. With our operational improvements taking hold, we are delivering better-than-expected revenue, profitability, and free cash flow,” said Henry Schuck, ZoomInfo founder and CEO. 

The company released guidance for the 2025 fiscal year first quarter. It sees revenue from $294 million to $297 million, versus the analyst estimate of $292.40 million and expects adjusted earnings per share from 22 cents to 23 cents, versus the analyst estimate of 22 cents.

Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.

• Canaccord Genuity analyst David Hynes maintained a Buy rating on ZoomInfo and raised the price target from $14 to $15.
• Morgan Stanley analyst Elizabeth Porter maintained an Equal-Weight rating on ZoomInfo and raised the price target from $11 to $13.
• Wells Fargo analyst Michael Turrin maintained an Equal-Weight rating on ZoomInfo and raised the price target from $11 to $12.

ZI Price Action: ZoomInfo stock closed 23.08% higher at $11.82, per data from Benzinga Pro.

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