Investors Buy Large Volume of ZoomInfo Technologies Put Options (NASDAQ:GTM)

ZoomInfo Technologies Inc. (NASDAQ:GTM) was the recipient of unusually large options trading activity on Tuesday. Traders bought 12,010 put options on the company. This represents an increase of 362% compared to the average volume of 2,597 put options.

ZoomInfo Technologies Trading Up 1.4%

Shares of NASDAQ:GTM opened at $9.62 on Wednesday. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $12.63. The firm has a fifty day moving average of $10.70. The stock has a market cap of $3.00 billion, a P/E ratio of 31.03, a PEG ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67.

ZoomInfo Technologies (NASDAQ:GTM) last issued its quarterly earnings data 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 return on equity of 14.55% and a net margin of 8.40%.The firm had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $303.86 million. During the same period in the prior year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. ZoomInfo Technologies has set its FY 2025 guidance at 1.040-1.060 EPS. Q4 2025 guidance at 0.270-0.290 EPS.

Analyst Upgrades and Downgrades

Several research analysts have commented on GTM shares. Citigroup raised their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. KeyCorp increased their price target on ZoomInfo Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 4th. Piper Sandler raised their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. DA Davidson initiated coverage on ZoomInfo Technologies in a report on Tuesday, August 5th. They issued a “neutral” rating and a $11.00 price objective for the company. Finally, UBS Group upped their price objective on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Reduce” and an average target price of $11.67.

Insider Activity

In related news, General Counsel Ashley Mcgrane sold 6,600 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $11.69, for a total transaction of $77,154.00. Following the completion of the sale, the general counsel owned 28,399 shares in the company, valued at $331,984.31. This trade represents a 18.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO James M. Roth sold 3,288 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $10.26, for a total transaction of $33,734.88. Following the completion of the sale, the executive directly owned 44,168 shares of the company’s stock, valued at approximately $453,163.68. This trade represents a 6.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,142 shares of company stock worth $124,289 in the last ninety days. 9.00% of the stock is currently owned by insiders.

Institutional Trading of ZoomInfo Technologies

Several hedge funds have recently modified their holdings of GTM. EMC Capital Management purchased a new position in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $76,000. Advisory Services Network LLC purchased a new stake in ZoomInfo Technologies during the third quarter valued at approximately $105,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in ZoomInfo Technologies in the third quarter valued at approximately $5,419,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.