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In an upcoming episode of Opening Bid, ZoomInfo (ZI) Founder & CEO Henry Schuck discussed the company's stock repurchase program with Yahoo Finance Executive Editor Brian Sozzi. Schuck explains that he believes the stock is currently undervalued; so much so that Schuck himself is buying shares.
"Two quarters ago, I personally bought $13 million of the stock. Last quarter, I bought another $5 million of the stock. I believe in the same thing that the company believes in: that the price of the stock is undervalued. And as long as it is, there's a great return to be made by buying the ZoomInfo stock."
Schuck emphasized that a stock repurchase plan is the best use of the company’s free cash flow to boost shareholder value. He also highlighted strong business growth, including higher net retention rates and a rise in high-value customers.
Check out this episode of Opening Bid on Friday, February 28. You can listen on your favorite podcast platform or watch on our website.
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This post was written by Rachael Lewis-Krisky, producer for Opening Bid.