ZoomInfo Technologies Inc. (NASDAQ:GTM) Receives Average Recommendation of “Hold” from Analysts

ZoomInfo Technologies Inc. (NASDAQ:GTM) has been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong 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 $11.6091.

GTM has been the topic of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. BTIG Research began coverage on ZoomInfo Technologies in a research note on Wednesday, December 17th. They set a “buy” rating and a $13.00 price target on the stock. Barclays lowered their price objective on ZoomInfo Technologies from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 12th. KeyCorp upgraded ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research report on Monday, December 15th. Finally, UBS Group raised their price target on ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th.

ZoomInfo Technologies Trading Down 3.0%

ZoomInfo Technologies stock opened at $7.81 on Tuesday. The stock has a market cap of $2.43 billion, a PE ratio of 25.19, a P/E/G ratio of 1.26 and a beta of 1.06. The stock has a 50-day moving average price of $9.73 and a 200 day moving average price of $10.35. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $12.63. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.86.

ZoomInfo Technologies (NASDAQ:GTM) last released its earnings results on Monday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The company had revenue of $318.00 million for the quarter, compared to analyst estimates of $303.86 million. ZoomInfo Technologies had a net margin of 8.40% and a return on equity of 14.55%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS.

Institutional Investors Weigh In On ZoomInfo Technologies

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in ZoomInfo Technologies during the fourth quarter worth approximately $29,000. Allworth Financial LP acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth $40,000. GAMMA Investing LLC purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth $47,000. DekaBank Deutsche Girozentrale acquired a new position in ZoomInfo Technologies in the fourth quarter valued at $56,000. Finally, Strs Ohio acquired a new position in ZoomInfo Technologies in the fourth quarter valued at $65,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.