ZoomInfo Technologies Inc. (NASDAQ:GTM) Receives Consensus Recommendation of “Reduce” from Analysts

ZoomInfo Technologies Inc. (NASDAQ:GTM) has been given a consensus recommendation of “Reduce” by the ten brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $11.67.

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on ZoomInfo Technologies from $9.40 to $10.70 and gave the stock a “sell” rating in a research note on Tuesday, November 4th. Wells Fargo & Company started coverage on ZoomInfo Technologies in a report on Wednesday, October 1st. They set an “underweight” rating and a $10.00 target price for the company. KeyCorp increased their price target on ZoomInfo Technologies from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Barclays lifted their price target 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. Finally, Royal Bank Of Canada upped their price objective on shares of ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th.

ZoomInfo Technologies Price Performance

NASDAQ GTM opened at $9.94 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50 day simple moving average of $10.40. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $12.63. The company has a market cap of $3.10 billion, a P/E ratio of 32.07, a P/E/G ratio of 1.65 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:GTM) last issued its 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. The firm had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $303.86 million. ZoomInfo Technologies had a net margin of 8.40% and a return on equity of 14.55%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. 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 Activity

In related news, General Counsel Ashley Mcgrane sold 6,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $11.69, for a total value of $77,154.00. Following the completion of the sale, the general counsel owned 28,399 shares in the company, valued at approximately $331,984.31. This represents a 18.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.00% of the stock is owned by corporate insiders.

Institutional Trading of ZoomInfo Technologies

Several large investors have recently added to or reduced their stakes in GTM. Advisory Services Network LLC acquired a new stake in shares of ZoomInfo Technologies in the third quarter worth $105,000. EMC Capital Management purchased a new stake in ZoomInfo Technologies in the 3rd quarter worth about $76,000. CIBC Private Wealth Group LLC purchased a new stake in ZoomInfo Technologies in the 3rd quarter worth about $5,419,000. JPMorgan Chase & Co. acquired a new stake in ZoomInfo Technologies during the 3rd quarter worth about $74,670,000. Finally, Swiss Life Asset Management Ltd purchased a new position in ZoomInfo Technologies during the 3rd quarter valued at about $140,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.