ZoomInfo Technologies Inc. (NASDAQ:GTM – Get Free Report) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 31,112,732 shares, a drop of 13.3% from the February 12th total of 35,887,279 shares. Based on an average daily trading volume, of 9,758,759 shares, the days-to-cover ratio is currently 3.2 days. Currently, 11.2% of the company’s shares are short sold. Currently, 11.2% of the company’s shares are short sold. Based on an average daily trading volume, of 9,758,759 shares, the days-to-cover ratio is currently 3.2 days.
Institutional Investors Weigh In On ZoomInfo Technologies
A number of large investors have recently bought and sold shares of GTM. Fred Alger Management LLC raised its holdings in ZoomInfo Technologies by 7.7% during the fourth quarter. Fred Alger Management LLC now owns 29,960 shares of the company’s stock valued at $305,000 after buying an additional 2,136 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $26,000. Fifth Third Bancorp acquired a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $29,000. Covestor Ltd bought a new position in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $34,000. Finally, Allworth Financial LP acquired a new stake in ZoomInfo Technologies in the 3rd quarter worth approximately $40,000. 95.47% of the stock is currently owned by institutional investors.
ZoomInfo Technologies Stock Up 1.1%
Shares of ZoomInfo Technologies stock traded up $0.07 during trading on Tuesday, hitting $5.85. 2,281,758 shares of the stock traded hands, compared to its average volume of 8,619,957. The stock has a market cap of $1.78 billion, a P/E ratio of 15.42, a PEG ratio of 1.63 and a beta of 1.09. The company has a fifty day moving average price of $7.58 and a two-hundred day moving average price of $9.49. ZoomInfo Technologies has a twelve month low of $5.74 and a twelve month high of $12.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 0.72.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 10th. Citigroup reduced their target price on ZoomInfo Technologies from $8.00 to $6.50 and set a “sell” rating for the company in a report on Wednesday, February 11th. DA Davidson decreased their target price on ZoomInfo Technologies from $13.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Citizens Jmp lowered ZoomInfo Technologies from a “market perform” rating to a “mkt underperform” rating and set a $6.00 price target on the stock. in a research report on Tuesday, February 10th. Finally, Royal Bank Of Canada lowered their target price on ZoomInfo Technologies from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Hold” and an average target price of $9.25.
View Our Latest Stock Report on GTM
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.
Featured Articles
Receive News & Ratings for ZoomInfo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZoomInfo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
