Norges Bank Invests $31.43 Million in ZoomInfo Technologies Inc. $GTM

Norges Bank purchased a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:GTM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,090,263 shares of the company’s stock, valued at approximately $31,428,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Advisory Services Network LLC bought a new position in ZoomInfo Technologies during the third quarter valued at $105,000. EMC Capital Management bought a new stake in ZoomInfo Technologies during the third quarter valued at $76,000. CIBC Private Wealth Group LLC bought a new stake in ZoomInfo Technologies during the third quarter valued at $5,419,000. JPMorgan Chase & Co. bought a new stake in ZoomInfo Technologies during the third quarter valued at $74,670,000. Finally, Swiss Life Asset Management Ltd bought a new stake in ZoomInfo Technologies during the third quarter valued at $140,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GTM shares. Mizuho restated an “underperform” rating and set a $3.00 price target (down from $10.00) on shares of ZoomInfo Technologies in a research report on Wednesday, May 13th. Jefferies Financial Group cut ZoomInfo Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $12.00 to $4.00 in a research note on Thursday, May 21st. JPMorgan Chase & Co. reduced their target price on ZoomInfo Technologies from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Piper Sandler reiterated a “neutral” rating and set a $4.00 target price (down from $7.00) on shares of ZoomInfo Technologies in a report on Tuesday, May 12th. Finally, Barclays reduced their target price on ZoomInfo Technologies from $8.00 to $5.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Reduce” and a consensus target price of $6.09.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, General Counsel Ashley Mcgrane sold 6,959 shares of ZoomInfo Technologies stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total value of $40,849.33. Following the completion of the transaction, the general counsel directly owned 76,872 shares of the company’s stock, valued at $451,238.64. This trade represents a 8.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO James M. Roth sold 35,723 shares of ZoomInfo Technologies stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $5.87, for a total value of $209,694.01. Following the completion of the transaction, the executive owned 139,795 shares of the company’s stock, valued at approximately $820,596.65. This represents a 20.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,727 shares of company stock valued at $262,834 over the last 90 days. 9.90% of the stock is owned by corporate insiders.

ZoomInfo Technologies Price Performance

NASDAQ GTM opened at $2.77 on Wednesday. The stock has a market capitalization of $816.37 million, a price-to-earnings ratio of 6.93, a PEG ratio of 0.54 and a beta of 0.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.69 and a quick ratio of 0.69. The business’s fifty day moving average price is $4.96 and its 200-day moving average price is $7.10. ZoomInfo Technologies Inc. has a 1-year low of $2.74 and a 1-year high of $12.51.

ZoomInfo Technologies (NASDAQ:GTM) last released its earnings results on Monday, May 11th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.10. The company had revenue of $310.20 million for the quarter. ZoomInfo Technologies had a return on equity of 17.43% and a net margin of 10.10%.ZoomInfo Technologies’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. ZoomInfo Technologies has set its FY 2026 guidance at 1.100-1.120 EPS and its Q2 2026 guidance at 0.260-0.280 EPS. On average, equities analysts predict that ZoomInfo Technologies Inc. will post 0.81 earnings per share for the current year.

ZoomInfo Technologies 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.