ZoomInfo Technologies (NASDAQ:GTM) Now Covered by BTIG Research

BTIG Research initiated coverage on shares of ZoomInfo Technologies (NASDAQ:GTM) in a report issued on Wednesday morning, MarketBeat.com reports. The firm issued a buy rating and a $13.00 target price on the stock.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group boosted their price objective on ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a research note on Tuesday, November 4th. KeyCorp upgraded ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday. UBS Group boosted their price target on ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Wells Fargo & Company initiated coverage on shares of ZoomInfo Technologies in a research report on Wednesday, October 1st. They set an “underweight” rating and a $10.00 price objective for the company. Finally, Barclays lifted their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $11.79.

ZoomInfo Technologies Trading Up 1.2%

NASDAQ:GTM opened at $10.07 on Wednesday. The firm’s fifty day moving average is $10.30 and its 200-day moving average is $10.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $12.63. The firm has a market cap of $3.14 billion, a P/E ratio of 32.48, a P/E/G ratio of 1.66 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:GTM) last announced 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 business had revenue of $318.00 million during the quarter, compared to the consensus estimate of $303.86 million. ZoomInfo Technologies had a net margin of 8.40% and a return on equity of 14.55%. ZoomInfo Technologies’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $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 Buying and Selling at ZoomInfo Technologies

In related 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 directly 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 document filed with the Securities & Exchange Commission, which is available at this link. 9.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GTM. Allworth Financial LP purchased a new position in shares of ZoomInfo Technologies during the third quarter valued at approximately $40,000. EMC Capital Management bought a new position in ZoomInfo Technologies during the 3rd quarter valued at $76,000. Advisory Services Network LLC purchased a new position in ZoomInfo Technologies during the 3rd quarter worth $105,000. Swiss Life Asset Management Ltd purchased a new position in ZoomInfo Technologies during the 3rd quarter worth $140,000. Finally, New Mexico Educational Retirement Board bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth $681,000. Institutional investors 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.