Jefferies Financial Group Lowers ZoomInfo Technologies (NASDAQ:GTM) Price Target to $12.00

ZoomInfo Technologies (NASDAQ:GTM) had its price target reduced by stock analysts at Jefferies Financial Group from $16.00 to $12.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 74.67% from the stock’s current price.

GTM has been the topic of several other research reports. BTIG Research assumed coverage on shares of ZoomInfo Technologies in a research report on Wednesday, December 17th. They issued a “buy” rating and a $13.00 target price on the stock. UBS Group raised their price target on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” 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, December 15th. Royal Bank Of Canada boosted their price objective on ZoomInfo Technologies from $7.00 to $8.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. Finally, Citigroup raised their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $11.39.

ZoomInfo Technologies Stock Down 0.7%

ZoomInfo Technologies stock opened at $6.87 on Tuesday. 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 market capitalization of $2.14 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.09 and a beta of 1.07. The business has a 50 day simple moving average of $9.62 and a 200-day simple moving average of $10.30. ZoomInfo Technologies has a 12 month low of $6.67 and a 12 month high of $12.63.

ZoomInfo Technologies (NASDAQ:GTM) last announced its earnings results on Monday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The firm had revenue of $318.00 million for the quarter, compared to analyst estimates of $303.86 million. ZoomInfo Technologies had a return on equity of 14.55% and a net margin of 8.40%.The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS.

Institutional Investors Weigh In On ZoomInfo Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in GTM. Vanguard Group Inc. acquired a new position in ZoomInfo Technologies during the fourth quarter worth $255,416,000. JPMorgan Chase & Co. acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter worth $74,670,000. Retirement Systems of Alabama purchased a new position in shares of ZoomInfo Technologies during the 4th quarter worth $14,412,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $7,100,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $5,799,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

ZoomInfo Technologies Company Profile

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.