ZoomInfo Technologies (NASDAQ:GTM) Stock Price Up 5% – Here’s Why

ZoomInfo Technologies Inc. (NASDAQ:GTM)’s stock price was up 5% during mid-day trading on Tuesday. The stock traded as high as $4.03 and last traded at $4.0740. Approximately 113,809 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 9,277,642 shares. The stock had previously closed at $3.88.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup lifted their price objective on ZoomInfo Technologies from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Friday, August 7th. DA Davidson reduced their target price on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Wells Fargo & Company reduced their target price on shares of ZoomInfo Technologies from $3.50 to $3.00 and set an “underweight” rating on the stock in a report on Monday, July 20th. UBS Group decreased their price target on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Stifel Nicolaus lifted their price target on shares of ZoomInfo Technologies from $3.50 to $4.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, ZoomInfo Technologies has an average rating of “Reduce” and a consensus target price of $5.93.

ZoomInfo Technologies Price Performance

The company’s 50 day simple moving average is $3.92 and its 200 day simple moving average is $4.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $1.17 billion, a PE ratio of -2.16, a PEG ratio of 0.61 and a beta of 0.87.

ZoomInfo Technologies (NASDAQ:GTM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. ZoomInfo Technologies had a positive return on equity of 20.16% and a negative net margin of 43.01%. The company had revenue of $310.40 million for the quarter. During the same period in the prior year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. ZoomInfo Technologies has set its FY 2026 guidance at 1.120-1.130 EPS and its Q3 2026 guidance at 0.280-0.290 EPS. On average, equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.83 earnings per share for the current year.

Insider Activity at ZoomInfo Technologies

In other news, CRO James Roth sold 20,773 shares of ZoomInfo Technologies stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $3.70, for a total value of $76,860.10. Following the completion of the sale, the executive owned 270,507 shares of the company’s stock, valued at $1,000,875.90. The trade was a 7.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,362 shares of company stock valued at $86,623 over the last ninety days. 9.90% of the stock is owned by insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of ZoomInfo Technologies by 105.1% during the 1st quarter. Parallel Advisors LLC now owns 7,975 shares of the company’s stock worth $48,000 after buying an additional 4,086 shares during the last quarter. GAMMA Investing LLC boosted its holdings in ZoomInfo Technologies by 118.5% in the third quarter. GAMMA Investing LLC now owns 8,055 shares of the company’s stock valued at $31,000 after acquiring an additional 4,369 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in ZoomInfo Technologies by 13.3% in the first quarter. Pictet Asset Management Holding SA now owns 44,184 shares of the company’s stock valued at $264,000 after acquiring an additional 5,203 shares during the last quarter. HB Wealth Management LLC boosted its holdings in ZoomInfo Technologies by 39.5% in the second quarter. HB Wealth Management LLC now owns 18,627 shares of the company’s stock valued at $55,000 after acquiring an additional 5,279 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in ZoomInfo Technologies by 27.4% during the first quarter. Sequoia Financial Advisors LLC now owns 25,849 shares of the company’s stock valued at $155,000 after acquiring an additional 5,561 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

About ZoomInfo Technologies

ZoomInfo Technologies provides go-to-market intelligence and workflow solutions designed to help businesses identify, engage and convert potential customers. Its platform combines business and professional data with tools for sales, marketing and recruiting teams, supporting activities such as account research, lead generation, customer segmentation and outreach.

The company’s products include contact and company intelligence, sales and marketing automation, conversation intelligence, website visitor identification and intent-data capabilities.