Shares of ZoomInfo Technologies (NASDAQ:ZI) are plunging today after the company’s fourth-quarter numbers and guidance failed to lift investor sentiment.
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During the quarter, revenue rose 35.7% year-over-year to 301.7 million, outperforming estimates by $2.8 million. EPS at $0.26 too managed to come in ahead of expectations by $0.04. Further, ZI clocked an annual net retention rate of 104% and ended the quarter with 1.926 customers having an annual contract value of $100,000 or more.
Despite this performance, investors were unimpressed with the company’s guidance. For Q1, ZI sees revenue landing between $299 million and $301 million. EPS is expected to hover between $0.21 and $0.22. Additionally, the company’s full-year revenue expectations between $1.27 billion and $1.28 billion also came in lower than what investors were looking for.
Overall, the Street has a consensus price target of $37.88 on ZI. This points to a 43.87% potential upside in the stock. That’s after a nearly 49% slide in the share price over the past year.
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