ZoomInfo Technologies Inc. $GTM Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its position in ZoomInfo Technologies Inc. (NASDAQ:GTM) by 702.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 296,494 shares of the company’s stock after purchasing an additional 259,536 shares during the quarter. Fulcrum Asset Management LLP’s holdings in ZoomInfo Technologies were worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPD Fund Management LLC grew its stake in ZoomInfo Technologies by 78.6% in the first quarter. RPD Fund Management LLC now owns 17,199,109 shares of the company’s stock worth $102,851,000 after purchasing an additional 7,570,791 shares during the period. Dimensional Fund Advisors LP lifted its position in ZoomInfo Technologies by 24.7% during the first quarter. Dimensional Fund Advisors LP now owns 15,100,675 shares of the company’s stock valued at $90,302,000 after buying an additional 2,992,276 shares during the period. Quantinno Capital Management LP lifted its position in ZoomInfo Technologies by 127.7% during the first quarter. Quantinno Capital Management LP now owns 4,144,952 shares of the company’s stock valued at $24,787,000 after buying an additional 2,324,381 shares during the period. Bank of America Corp DE lifted its position in ZoomInfo Technologies by 81.1% during the first quarter. Bank of America Corp DE now owns 1,898,951 shares of the company’s stock valued at $11,356,000 after buying an additional 850,386 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of ZoomInfo Technologies by 1,825.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 816,805 shares of the company’s stock valued at $4,884,000 after buying an additional 774,392 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

GTM has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of ZoomInfo Technologies from $3.50 to $3.00 and set an “underweight” rating on the stock in a research report on Monday, July 20th. Piper Sandler raised shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $3.00 to $4.00 in a research report on Thursday, November 5th. UBS Group lowered their price target on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Citigroup boosted their price objective on shares of ZoomInfo Technologies from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Friday, August 7th. Finally, DA Davidson cut their price objective on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, ZoomInfo Technologies has an average rating of “Reduce” and a consensus target price of $5.32.

ZoomInfo Technologies Stock Up 0.3%

Shares of NASDAQ:GTM opened at $3.35 on Thursday. The stock has a fifty day simple moving average of $3.94 and a two-hundred day simple moving average of $4.59. The stock has a market capitalization of $975.22 million, a price-to-earnings ratio of -1.70, a PEG ratio of 0.55 and a beta of 0.79. ZoomInfo Technologies Inc. has a 12-month low of $2.54 and a 12-month high of $10.76. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.43.

ZoomInfo Technologies (NASDAQ:GTM) last released its earnings results on Wednesday, November 4th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.21 by $0.08. ZoomInfo Technologies had a positive return on equity of 22.80% and a negative net margin of 46.26%. The business had revenue of $308.80 million for the quarter. During the same period last year, the firm posted $0.28 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that ZoomInfo Technologies Inc. will post 0.83 earnings per share for the current fiscal year.

Insider Activity

In related news, CRO James Roth sold 20,773 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $3.70, for a total value of $76,860.10. Following the transaction, the executive owned 270,507 shares in the company, valued at $1,000,875.90. The trade was a 7.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 29,135 shares of company stock valued at $109,908. 9.90% of the stock is owned by insiders.

ZoomInfo Technologies Profile

ZoomInfo Technologies provides a business-to-business go-to-market intelligence and software platform. Its services help companies identify and research potential customers, manage sales and marketing activities, and support recruiting and other business workflows. The platform combines business contact and company information with tools for sales engagement, marketing, operations, and buyer-intent insights. Customers use these products to find prospects, prioritize outreach, and coordinate interactions with businesses.