ZoomInfo Technologies Inc. (NASDAQ:GTM – Get Free Report)’s share price shot up 7.5% during mid-day trading on Monday . The stock traded as high as $3.63 and last traded at $3.5460. Approximately 812,425 shares were traded during mid-day trading, a decline of 92% from the average session volume of 10,415,271 shares. The stock had previously closed at $3.30.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on GTM shares. Wells Fargo & Company dropped their target price on ZoomInfo Technologies from $3.50 to $3.00 and set an “underweight” rating on the stock in a report on Monday, July 20th. Mizuho reaffirmed an “underperform” rating and issued a $3.00 price objective (down from $10.00) on shares of ZoomInfo Technologies in a research report on Wednesday, May 13th. BTIG Research reiterated a “neutral” rating on shares of ZoomInfo Technologies in a research note on Tuesday, May 12th. Stifel Nicolaus reduced their target price on shares of ZoomInfo Technologies from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Friday, July 10th. Finally, Jefferies Financial Group downgraded shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $12.00 to $4.00 in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $5.93.
Check Out Our Latest Analysis on GTM
ZoomInfo Technologies Stock Up 8.6%
ZoomInfo Technologies (NASDAQ:GTM – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.10. ZoomInfo Technologies had a return on equity of 17.43% and a net margin of 10.10%.The firm had revenue of $310.20 million during the quarter. During the same period in the prior year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. ZoomInfo Technologies has set its FY 2026 guidance at 1.100-1.120 EPS and its Q2 2026 guidance at 0.260-0.280 EPS. On average, equities research analysts expect that ZoomInfo Technologies Inc. will post 0.81 earnings per share for the current fiscal year.
Insider Buying and Selling at ZoomInfo Technologies
In other ZoomInfo Technologies news, Director Domenic Maida bought 27,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $3.60 per share, with a total value of $99,000.00. Following the completion of the acquisition, the director owned 66,342 shares of the company’s stock, valued at approximately $238,831.20. This trade represents a 70.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.90% of the company’s stock.
Hedge Funds Weigh In On ZoomInfo Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sachem Head Capital Management LP bought a new position in ZoomInfo Technologies during the 4th quarter worth $150,465,000. Legal & General Group Plc bought a new stake in ZoomInfo Technologies in the fourth quarter valued at $4,091,000. Jupiter Asset Management Ltd. acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at $9,566,000. Norges Bank acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at $31,428,000. Finally, LSV Asset Management bought a new position in shares of ZoomInfo Technologies during the fourth quarter worth about $103,545,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.
About ZoomInfo Technologies
ZoomInfo Technologies (NASDAQ:GTM) is a leading provider of go-to-market intelligence and sales engagement software designed to help organizations accelerate growth. The company offers a cloud-based platform that delivers comprehensive contact and company data, intent signals, and analytics to support prospecting, lead generation, and customer retention. Its solutions enable sales and marketing teams to identify and engage target accounts, personalize outreach, and optimize campaigns with real-time insights into buyer behavior and market trends.
Founded in 2007 and headquartered in Waltham, Massachusetts, ZoomInfo Technologies has expanded its global footprint across North America, Europe, and Asia–Pacific.
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