VANCOUVER, Wash. - ZoomInfo (NASDAQ: ZI), a $3.49 billion market cap go-to-market intelligence platform, has announced the addition of Katie Rooney to its Board of Directors, effective February 1, 2025. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment. Rooney, who currently serves as Chief Financial Officer at Maven, brings over 20 years of experience in finance and operations to the company's board.
Rooney's appointment places her on both the Audit and Nominating and Corporate Governance Committees of ZoomInfo's Board. With her extensive background, including roles as CFO and COO at various large-scale enterprises, Rooney is expected to provide valuable insight into financial strategy and operational efficiency. The company maintains an impressive 88.33% gross profit margin and generates over $1.22 billion in trailing twelve-month revenue.
Henry Schuck, Founder and CEO of ZoomInfo, highlighted Rooney's track record in driving transformative growth and her expertise in finance and strategy. Patrick McCarter, Chair of ZoomInfo's Nominating and Corporate Governance Committee, expressed confidence that Rooney's financial acumen will be beneficial to ZoomInfo's mission of delivering customer value and driving growth.
In her statement, Rooney expressed excitement about joining ZoomInfo's board and commended the company's disciplined investments in product and customer success. She emphasized the potential for consistent growth and strong free cash flow generation, which could lead to significant returns for shareholders.
With Rooney joining the board, ZoomInfo now has a total of 10 directors, nine of whom are independent. This move is part of ZoomInfo's ongoing efforts to strengthen its leadership and enhance its position as a leader in go-to-market intelligence. Investors should note that ZoomInfo's next earnings report is scheduled for February 18, 2025. For detailed financial analysis and exclusive insights, check out the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
The information for this article is based on a press release statement.
In other recent news, ZoomInfo Technologies has reported strong financial results for the third quarter, surpassing prior forecasts with a GAAP revenue of $304 million and an adjusted operating income of $112 million. The company's net revenue retention rate remained steady at 85%, and its enterprise customer base saw significant growth, with the $100,000 customer cohort increasing to 1,809 clients. Despite a 2% sequential decline in adjusted revenue growth, the company forecasts GAAP revenue between $296 million and $299 million for the fourth quarter and anticipates full-year 2024 GAAP revenue to be between $1.201 billion and $1.204 billion.
Citi analyst Tyler Radke has adjusted the price target on ZoomInfo shares to $8.50, maintaining a Sell rating due to concerns over the company's growth trajectory extending into 2025. Piper Sandler and DA Davidson have also adjusted their outlooks on ZoomInfo, increasing the price target to $11.00 and $13.00 respectively, while maintaining a neutral rating. These adjustments reflect recent developments and projections for ZoomInfo's performance in the market.
The company's guidance for the fourth quarter aligns closely with analysts' expectations, suggesting a more conservative outlook as they head into 2025. Despite challenges from small-to-medium business churn and rising competition, ZoomInfo's disciplined approach has contributed to a robust operating margin of 37%, an increase from 28% in the previous quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.