ZoomInfo Technologies (NASDAQ:GTM) Shares Up 5% – Here’s Why

Shares of ZoomInfo Technologies Inc. (NASDAQ:GTM) traded up 5% on Wednesday . The company traded as high as $10.58 and last traded at $10.45. 2,377,031 shares traded hands during trading, a decline of 56% from the average session volume of 5,431,163 shares. The stock had previously closed at $9.95.

Analyst Upgrades and Downgrades

A number of research firms have commented on GTM. Barclays boosted their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group lifted their price target on ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a report on Tuesday, November 4th. Royal Bank Of Canada increased their price objective on shares of ZoomInfo Technologies from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Citigroup boosted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, BTIG Research started coverage on shares of ZoomInfo Technologies in a research note on Wednesday. They set a “buy” rating and a $13.00 price target on the stock. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $11.79.

ZoomInfo Technologies Trading Up 4.5%

The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 1.63 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67. The business’s 50-day simple moving average is $10.30 and its 200-day simple moving average is $10.44.

ZoomInfo Technologies (NASDAQ:GTM) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. ZoomInfo Technologies had a net margin of 8.40% and a return on equity of 14.55%. The business had revenue of $318.00 million during the quarter, compared to the consensus estimate of $303.86 million. During the same period in the previous year, the firm posted $0.28 earnings per share. ZoomInfo Technologies’s revenue for the quarter was up 4.7% compared to the same quarter last year. ZoomInfo Technologies has set its FY 2025 guidance at 1.040-1.060 EPS and its Q4 2025 guidance at 0.270-0.290 EPS.

Insider Buying and Selling at ZoomInfo Technologies

In other news, General Counsel Ashley Mcgrane sold 6,600 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total value of $77,154.00. Following the transaction, the general counsel owned 28,399 shares of the company’s stock, valued at $331,984.31. This represents a 18.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds have recently added to or reduced their stakes in GTM. Advisory Services Network LLC bought a new position in ZoomInfo Technologies during the third quarter worth about $105,000. Allworth Financial LP bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at about $40,000. Swiss Life Asset Management Ltd acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $140,000. New Mexico Educational Retirement Board bought a new position in ZoomInfo Technologies during the 3rd quarter worth approximately $681,000. Finally, CIBC Private Wealth Group LLC bought a new position in ZoomInfo Technologies during the 3rd quarter worth approximately $5,419,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company’s cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.