Cynosure Group LLC acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:GTM – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 227,765 shares of the company’s stock, valued at approximately $2,316,000. Cynosure Group LLC owned about 0.07% of ZoomInfo Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GTM. Advisory Services Network LLC bought a new position in ZoomInfo Technologies in the third quarter valued at approximately $105,000. EMC Capital Management bought a new position in ZoomInfo Technologies in the third quarter valued at approximately $76,000. CIBC Private Wealth Group LLC bought a new position in ZoomInfo Technologies in the third quarter valued at approximately $5,419,000. JPMorgan Chase & Co. bought a new position in ZoomInfo Technologies in the third quarter valued at approximately $74,670,000. Finally, Swiss Life Asset Management Ltd bought a new position in shares of ZoomInfo Technologies during the third quarter worth $140,000. 95.47% of the stock is owned by institutional investors.
ZoomInfo Technologies Trading Up 1.1%
GTM opened at $2.84 on Tuesday. The stock has a market capitalization of $837.00 million, a P/E ratio of 7.10, a P/E/G ratio of 0.53 and a beta of 0.88. ZoomInfo Technologies Inc. has a 12 month low of $2.59 and a 12 month high of $12.51. The firm’s fifty day simple moving average is $4.71 and its 200 day simple moving average is $6.91. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89.
Insider Activity at ZoomInfo Technologies
In related news, Director Domenic Maida acquired 27,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $3.60 per share, with a total value of $99,000.00. Following the transaction, the director owned 66,342 shares of the company’s stock, valued at $238,831.20. The trade was a 70.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Ashley Mcgrane sold 6,959 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total transaction of $40,849.33. Following the completion of the sale, the general counsel directly owned 76,872 shares in the company, valued at $451,238.64. This represents a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.90% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on GTM. Wells Fargo & Company reduced their price target on shares of ZoomInfo Technologies from $6.00 to $3.50 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Barclays reduced their price target on shares of ZoomInfo Technologies from $8.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 13th. Citigroup reduced their price target on shares of ZoomInfo Technologies from $5.00 to $4.00 and set a “sell” rating on the stock in a research report on Wednesday, May 13th. Mizuho reissued 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. Finally, Stifel Nicolaus reissued a “hold” rating and set a $4.00 price target (down from $12.00) on shares of ZoomInfo Technologies in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $6.09.
View Our Latest Stock Report on ZoomInfo Technologies
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 Stories
- Five stocks we like better than ZoomInfo Technologies
- Can D-Wave Hold Its Own Against 2 Fast-Growing Rivals?
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
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.
