ZoomInfo Technologies (NASDAQ:GTM) Hits New 52-Week Low on Analyst Downgrade

ZoomInfo Technologies Inc. (NASDAQ:GTM) hit a new 52-week low during mid-day trading on Tuesday after Piper Sandler lowered their price target on the stock from $12.00 to $9.00. Piper Sandler currently has a neutral rating on the stock. ZoomInfo Technologies traded as low as $6.87 and last traded at $6.92, with a volume of 7223353 shares traded. The stock had previously closed at $7.81.

GTM has been the subject of a number of other reports. Barclays dropped their price target on shares of ZoomInfo Technologies from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 12th. UBS Group upped their target price on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group raised their price target on ZoomInfo Technologies from $9.40 to $10.70 and gave the stock a “sell” rating in a research report on Tuesday, November 4th. Citigroup upped their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, BTIG Research initiated coverage on ZoomInfo Technologies in a research note on Wednesday, December 17th. They issued a “buy” rating and a $13.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, ZoomInfo Technologies has a consensus rating of “Hold” and a consensus target price of $11.34.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GTM. Fifth Third Bancorp acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $29,000. Allworth Financial LP bought a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $40,000. GAMMA Investing LLC acquired a new stake in ZoomInfo Technologies in the 4th quarter valued at approximately $47,000. DekaBank Deutsche Girozentrale acquired a new position in ZoomInfo Technologies during the 4th quarter worth approximately $56,000. Finally, Strs Ohio bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $65,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 11.9%

The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.26 and a beta of 1.06. The stock’s fifty day moving average price is $9.73 and its 200-day moving average price is $10.35.

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

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.