ZoomInfo Technologies Inc. ( ZI ) shares are falling Tuesday after the company reported worse-than-expected financial results for the second quarter and announced a management transition.

The Details:

ZoomInfo ( ZI ) missed analysts’ estimates on the top and bottom line for the quarter and guided third-quarter earnings and revenue to be below consensus estimates. 

"In the second quarter, we implemented a number of initiatives to position the company for long-term success. Having successfully launched ZoomInfo Copilot, our AI-powered go-to-market platform, we are further accelerating a shift upmarket," said Henry Schuck, founder and CEO of ZoomInfo ( ZI ). 

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Several analysts slashed price targets on ZoomInfo ( ZI ) after the print: 

Truist Securities maintained its Hold rating and lowered the price target from $16 to $11.

RBC Capital analyst Rishi Jaluria maintained an Underperform rating and lowered the price target from $9 to $7.

Piper Sandler maintained its Neutral rating and lowered the price target from $14 to $10.

Deutsche Bank analyst Brad Zelnick maintained a Hold rating and lowered the price target from $17 to $12.

Barclays maintained ZoomInfo ( ZI ) with an Equal-Weight and lowered the price target from $15 to $11.

According to data from Benzinga Pro, ZoomInfo ( ZI ) shares are dropping on heavy volume and trading at new 52-week lows.   

Is ZI A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like ZoomInfo Technologies ( ZI )‘ page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. ZoomInfo Technologies ( ZI ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on ZoomInfo Technologies ( ZI ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

ZI Price Action: According to Benzinga Pro, ZoomInfo ( ZI ) shares are down 18.7% at $7.97 at the time of publication Tuesday.

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Image: Courtesy of ZoomInfo Technologies, Inc. ( ZI )