ZoomInfo Technologies (NASDAQ:GTM) Raised to Strong-Buy at BTIG Research

ZoomInfo Technologies (NASDAQ:GTM) was upgraded by research analysts at BTIG Research to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

GTM has been the topic of several other reports. Royal Bank Of Canada raised their target price on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Wells Fargo & Company began coverage on shares of ZoomInfo Technologies in a research report on Wednesday, October 1st. They set an “underweight” rating and a $10.00 target price on the stock. Citigroup upped their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. KeyCorp raised shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday. Finally, Barclays boosted their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average price target of $11.79.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock opened at $10.05 on Tuesday. The firm has a fifty day moving average of $10.30 and a 200-day moving average of $10.44. ZoomInfo Technologies has a 52-week low of $7.01 and a 52-week high of $12.63. 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 firm has a market capitalization of $3.13 billion, a P/E ratio of 32.42, a PEG ratio of 1.66 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:GTM) last posted its earnings results on Monday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $303.86 million. During the same quarter in the previous year, the business posted $0.28 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. ZoomInfo Technologies has set its FY 2025 guidance at 1.040-1.060 EPS and its Q4 2025 guidance at 0.270-0.290 EPS.

Insiders Place Their Bets

In other news, General Counsel Ashley Mcgrane sold 6,600 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $11.69, for a total value of $77,154.00. Following the completion of the sale, the general counsel owned 28,399 shares of the company’s stock, valued at approximately $331,984.31. The trade was a 18.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds have recently bought and sold shares of GTM. JPMorgan Chase & Co. bought a new stake in ZoomInfo Technologies in the third quarter valued at about $74,670,000. CIBC Private Wealth Group LLC bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $5,419,000. New Mexico Educational Retirement Board acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at approximately $681,000. Swiss Life Asset Management Ltd acquired a new position in ZoomInfo Technologies in the third quarter worth $140,000. Finally, Advisory Services Network LLC bought a new stake in ZoomInfo Technologies during the third quarter valued at $105,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company’s cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.