ZoomInfo Technologies Inc. $GTM Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:GTM) by 702.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,494 shares of the company’s stock after acquiring an additional 259,536 shares during the period. Fulcrum Asset Management LLP owned about 0.10% of ZoomInfo Technologies worth $1,076,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. RPD Fund Management LLC raised its position in ZoomInfo Technologies by 78.6% in the 1st quarter. RPD Fund Management LLC now owns 17,199,109 shares of the company’s stock worth $102,851,000 after purchasing an additional 7,570,791 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of ZoomInfo Technologies by 24.7% during the first quarter. Dimensional Fund Advisors LP now owns 15,100,675 shares of the company’s stock valued at $90,302,000 after buying an additional 2,992,276 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of ZoomInfo Technologies by 127.7% during the first quarter. Quantinno Capital Management LP now owns 4,144,952 shares of the company’s stock valued at $24,787,000 after buying an additional 2,324,381 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of ZoomInfo Technologies by 81.1% in the first quarter. Bank of America Corp DE now owns 1,898,951 shares of the company’s stock worth $11,356,000 after buying an additional 850,386 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of ZoomInfo Technologies by 120.6% in the first quarter. Principal Financial Group Inc. now owns 1,301,370 shares of the company’s stock worth $7,782,000 after buying an additional 711,508 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ZoomInfo Technologies

In other news, CRO James Roth sold 20,773 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $3.70, for a total value of $76,860.10. Following the completion of the sale, the executive directly owned 270,507 shares of the company’s stock, valued at approximately $1,000,875.90. This trade represents a 7.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 29,135 shares of company stock valued at $109,908. Company insiders own 9.90% of the company’s stock.

ZoomInfo Technologies Price Performance

Shares of GTM stock opened at $3.35 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.66 and a current ratio of 0.66. ZoomInfo Technologies Inc. has a fifty-two week low of $2.54 and a fifty-two week high of $10.76. The firm has a market cap of $975.22 million, a P/E ratio of -1.70, a P/E/G ratio of 0.55 and a beta of 0.79. The business’s 50 day moving average price is $3.94 and its 200-day moving average price is $4.59.

ZoomInfo Technologies (NASDAQ:GTM) last announced its earnings results on Wednesday, November 4th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. ZoomInfo Technologies had a positive return on equity of 22.80% and a negative net margin of 46.26%. The company had revenue of $308.80 million during the quarter. During the same quarter in the prior year, the company earned $0.28 EPS. ZoomInfo Technologies’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on GTM. Piper Sandler upgraded ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $3.00 to $4.00 in a research report on Thursday, November 5th. DA Davidson decreased their price target on ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on ZoomInfo Technologies from $3.00 to $3.50 and gave the company an “underperform” rating in a research report on Thursday, November 5th. UBS Group dropped their price objective on ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Citigroup lifted their target price on shares of ZoomInfo Technologies from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Reduce” and a consensus price target of $5.32.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies provides a business-to-business go-to-market intelligence and software platform. Its services help companies identify and research potential customers, manage sales and marketing activities, and support recruiting and other business workflows. The platform combines business contact and company information with tools for sales engagement, marketing, operations, and buyer-intent insights. Customers use these products to find prospects, prioritize outreach, and coordinate interactions with businesses.