Is zoominfo a good buy – is zoominfo a good buy:. 5 Reasons I Just Bought ZoomInfo Stock
ZoomInfo Technologies Inc (ZI) is around the top of the Software – Application industry according to InvestorsObserver. As ZoomInfo adds companies and data to its platform, the sales signals it is providing get better and better. That makes the product even more. Should I buy Zoominfo Technologies (ZI)? Use the Zacks Rank and Style Scores to find out is ZI is right for your portfolio.
– Is zoominfo a good buy – is zoominfo a good buy:
ZoomInfo Technologies Inc (ZI) is around the top of the Software – Application industry according to InvestorsObserver. Valuation. ZoomInfo’s valuation is already incredibly rich; and doesn’t leave much room for upside when many fellow high-quality growth stocks.
5 Reasons I Just Bought ZoomInfo Stock | The Motley Fool.
Founded in by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. We’ve all heard the mantra “work smarter, not harder.
Many relationship-based practices are being upended as technology gives the companies that are quick to adopt it a leg up on the competition. It offers a cloud platform that aggregates data to supercharge sales reps in their never-ending quest to hit their numbers. I just added shares to my own portfolio. Here are five reasons why. Henry Schuck founded a sales intelligence organization called DiscoverOrg in and acquired ZoomInfo in It’s a software platform that helps sales and marketing people at one company find and connect with likely customers.
Schuck has been in the sales intelligence business since joining a small company in that offered access to a database of information technology decision makers. Twenty years later, ZoomInfo is a lot more than a digitized rolodex. Walking through the features of the platform highlights just how smart selling can be.
From a salesperson’s perspective, ZoomInfo helps identify which companies are most likely to be buyers of your product or service. It also identifies the key decision makers at those businesses, including their contact information. Signals around potential purchase intent are also available. It helps answer the key questions: Did the person just get funding?
Is there a new executive in the role? Is the company opening a new location in the area? And the list goes on. ZoomInfo not only arms a salesperson with this information, it helps them prioritize it for hundreds or thousands of accounts. You couldn’t do that in the old days.
The company has been successful in rolling up similar businesses through the years. Not only did Schuck acquire the business he worked at in , he purchased another competitor in In , he raised funds to buy ZoomInfo and subsequently adopted the name for the entire company. More recently, the acquisition strategy has been to bolster its artificial intelligence capability.
ZoomInfo announced the purchases of Chorus. The first offers something called conversation intelligence. It records calls and helps sales teams learn how to get better results through coaching. With both deals ZoomInfo is staying true to its core — helping supercharge sales. Like many cloud-based companies serving the needs of businesses, ZoomInfo has put up some incredible growth numbers.
And it is maintaining the pace. The company posted second-quarter results in early August. It’s also obvious the company is scaling. It means as the company is growing it’s not having to spend as much money per dollar of revenue generated. And there is a lot more revenue to gain.
It’s an incredible repository and it is only scratching the surface. As ZoomInfo adds companies and data to its platform, the sales signals it is providing get better and better. That makes the product even more powerful. It’s a network effect that isn’t obvious at first. It may be about to take that to a whole other level.
In May, the company announced it would join Snowflake ‘s data marketplace. Customers will now be able to use Snowflake’s platform to integrate the sales intelligence ZoomInfo offers. There is one more reason I bought shares in ZoomInfo. While the company is growing fast, has high demand for its product, and is already generating an operating profit, it wasn’t until it passed the final test that I purchased shares. It has to do with leadership. Schuck is energetic, compelling, and seems as transparent as CEOs come.
Whether it’s discussing his inability to build a great engineering team at DiscoverOrg or the fear of having all of your net worth tied up in one company, he strikes me as someone who doesn’t bother putting up a facade.
When you add up all the measurable reasons ZoomInfo looks like a great company, someone I trust at the helm is the cherry on top. Cost basis and return based on previous market day close. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of Discounted offers are only available to new members. Calculated by Time-Weighted Return since Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Premium Services. Stock Advisor. View Our Services. Our Purpose:. Latest Stock Picks. Key Points. Today’s Change. Current Price. It’s about more than numbers. Image source: Getty Images. ZoomInfo Technologies Inc. Motley Fool Returns Market-beating stocks from our award-winning service.
Stock Advisor Returns. Join Stock Advisor. Our Most Popular Articles. Wondering What’s Next for Inflation and Consumers? Walmart Just Released a Big Hint. Get Started Now. View Premium Services.