ZoomInfo Technologies (NASDAQ:GTM) Upgraded to “Strong-Buy” at BTIG Research

BTIG Research upgraded shares of ZoomInfo Technologies (NASDAQ:GTM) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on GTM. The Goldman Sachs Group upped their price target on ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a report on Tuesday, November 4th. Royal Bank Of Canada boosted their price objective on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. UBS Group upped their target price 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 note on Wednesday, October 1st. They set an “underweight” rating and a $10.00 price target on the stock. Finally, Barclays increased 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Hold” and a consensus target price of $11.79.

ZoomInfo Technologies Price Performance

NASDAQ:GTM opened at $10.07 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. ZoomInfo Technologies has a one year low of $7.01 and a one year high of $12.63. The company has a fifty day moving average price of $10.30 and a 200 day moving average price of $10.44. The stock has a market cap of $3.14 billion, a P/E ratio of 32.48, a PEG ratio of 1.66 and a beta of 1.05.

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

In other news, General Counsel Ashley Mcgrane sold 6,600 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $11.69, for a total value of $77,154.00. Following the sale, the general counsel owned 28,399 shares of the company’s stock, valued at approximately $331,984.31. This represents a 18.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTM. Allworth Financial LP bought a new stake in ZoomInfo Technologies during the third quarter worth about $40,000. EMC Capital Management bought a new position in shares of ZoomInfo Technologies in the third quarter valued at approximately $76,000. Advisory Services Network LLC acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter worth approximately $105,000. Swiss Life Asset Management Ltd bought a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $140,000. Finally, New Mexico Educational Retirement Board acquired a new stake in ZoomInfo Technologies during the 3rd quarter valued at $681,000. 95.47% of the stock is currently 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.