ZoomInfo Technologies Inc. (GTM) – What Are Brokerages Thinking About This Stock?

ZoomInfo Technologies Inc. (NASDAQ:GTM) has earned a consensus recommendation of “Reduce” from the seventeen research firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.38.

Several brokerages have recently issued reports on GTM. Citigroup upped their price objective on ZoomInfo Technologies from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Friday, August 7th. Wells Fargo & Company decreased their price target on shares of ZoomInfo Technologies from $3.50 to $3.00 and set an “underweight” rating on the stock in a research note on Monday, July 20th. UBS Group lowered their price target on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Thursday, August 6th. Stifel Nicolaus boosted their price objective on shares of ZoomInfo Technologies from $3.50 to $4.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Finally, DA Davidson reduced their price objective 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.

ZoomInfo Technologies Stock Up 0.5%

Shares of NASDAQ GTM opened at $4.26 on Thursday. ZoomInfo Technologies has a 12-month low of $2.54 and a 12-month high of $11.98. The company has a market capitalization of $1.24 billion, a PE ratio of 5.05, a price-to-earnings-growth ratio of 0.46 and a beta of 0.79. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50-day moving average is $4.01 and its two-hundred day moving average is $4.73.

ZoomInfo Technologies (NASDAQ:GTM) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. ZoomInfo Technologies had a negative net margin of 43.01% and a positive return on equity of 20.16%. The business had revenue of $308.80 million during the quarter. During the same period last year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts anticipate that ZoomInfo Technologies will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CRO James Roth sold 20,773 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $3.70, for a total transaction of $76,860.10. Following the transaction, the executive directly owned 270,507 shares in the company, valued at approximately $1,000,875.90. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 29,135 shares of company stock worth $109,908 in the last quarter. Corporate insiders own 9.90% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi increased its holdings in ZoomInfo Technologies by 724.9% in the 1st quarter. Amundi now owns 667,967 shares of the company’s stock valued at $3,994,000 after purchasing an additional 586,991 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of ZoomInfo Technologies by 120.6% during the first quarter. Principal Financial Group Inc. now owns 1,301,370 shares of the company’s stock worth $7,782,000 after purchasing an additional 711,508 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in ZoomInfo Technologies by 24.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,100,675 shares of the company’s stock valued at $90,302,000 after purchasing an additional 2,992,276 shares in the last quarter. AXQ Capital LP acquired a new stake in ZoomInfo Technologies during the 2nd quarter valued at $1,572,000. Finally, Quantinno Capital Management LP increased its stake in ZoomInfo Technologies by 127.7% during the 1st quarter. Quantinno Capital Management LP now owns 4,144,952 shares of the company’s stock worth $24,787,000 after buying an additional 2,324,381 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About ZoomInfo Technologies

ZoomInfo Technologies provides cloud-based go-to-market intelligence and sales-enablement software for businesses. Its platform helps organizations identify prospective customers, understand account and contact information, monitor business activity, and coordinate sales and marketing efforts. The company serves customers across a range of industries and geographies, primarily through subscription-based software services.

Its product portfolio has included SalesOS, MarketingOS, OperationsOS and related tools designed to support business-to-business prospecting, account-based marketing, data management and revenue operations.