Wall Street Zen Upgrades ZoomInfo Technologies (NASDAQ:GTM) to “Buy”

ZoomInfo Technologies (NASDAQ:GTM) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts also recently weighed in on GTM. Morgan Stanley dropped their price target on ZoomInfo Technologies from $13.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 10th. Barclays decreased their target price on ZoomInfo Technologies from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Piper Sandler dropped their target price on ZoomInfo Technologies from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Citizens Jmp downgraded shares of ZoomInfo Technologies from a “market perform” rating to a “mkt underperform” rating and set a $6.00 price target on the stock. in a report on Tuesday, February 10th. Finally, Mizuho reduced their price target on shares of ZoomInfo Technologies from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.05.

ZoomInfo Technologies Price Performance

Shares of GTM opened at $6.38 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.72 and a quick ratio of 0.72. The company’s fifty day moving average price is $6.05 and its 200-day moving average price is $8.23. ZoomInfo Technologies has a 1-year low of $5.15 and a 1-year high of $12.51. The firm has a market capitalization of $1.95 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.79 and a beta of 1.04.

ZoomInfo Technologies (NASDAQ:GTM) last issued its earnings results on Monday, February 9th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.12. ZoomInfo Technologies had a return on equity of 16.32% and a net margin of 9.94%.The company had revenue of $319.10 million during the quarter. During the same quarter last year, the business earned $0.26 EPS. The business’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts predict that ZoomInfo Technologies will post 0.79 EPS for the current year.

Insider Buying and Selling

In other news, CRO James M. Roth sold 35,723 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total transaction of $209,694.01. Following the sale, the executive owned 139,795 shares of the company’s stock, valued at $820,596.65. This trade represents a 20.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction, the general counsel owned 76,872 shares of the company’s stock, valued at approximately $451,238.64. This represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,727 shares of company stock valued at $262,834 over the last three months. 9.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GTM. Advisory Services Network LLC acquired a new stake in ZoomInfo Technologies in the 3rd quarter valued at $105,000. EMC Capital Management acquired a new position in ZoomInfo Technologies during the third quarter worth $76,000. CIBC Private Wealth Group LLC purchased a new position in ZoomInfo Technologies during the third quarter valued at $5,419,000. JPMorgan Chase & Co. purchased a new position in ZoomInfo Technologies during the third quarter valued at $74,670,000. Finally, Swiss Life Asset Management Ltd acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $140,000. 95.47% of the stock is owned by institutional investors and hedge funds.

About ZoomInfo Technologies

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.