ZoomInfo Technologies (NASDAQ:GTM) Stock Price Down 7.9% – Here’s What Happened

ZoomInfo Technologies Inc. (NASDAQ:GTM)’s share price traded down 7.9% on Wednesday . The stock traded as low as $3.15 and last traded at $3.15. 1,677,711 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 10,393,746 shares. The stock had previously closed at $3.42.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of ZoomInfo Technologies from $6.00 to $3.50 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th. Bank of America restated an “underperform” rating and issued a $4.00 target price on shares of ZoomInfo Technologies in a report on Tuesday, May 19th. Stifel Nicolaus restated a “hold” rating and issued a $4.00 target price (down from $12.00) on shares of ZoomInfo Technologies in a report on Tuesday, May 12th. DA Davidson dropped their target price on shares of ZoomInfo Technologies from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Finally, Canaccord Genuity Group lowered shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating and dropped their target price for the company from $12.00 to $5.00 in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $6.09.

ZoomInfo Technologies Trading Down 2.9%

The firm has a market cap of $893.00 million, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 0.59 and a beta of 0.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.69 and a quick ratio of 0.69. The firm’s fifty day moving average is $5.14 and its 200-day moving average is $7.24.

ZoomInfo Technologies (NASDAQ:GTM) last released its earnings results on Monday, May 11th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.10. The business had revenue of $310.20 million for the quarter. ZoomInfo Technologies had a net margin of 10.10% and a return on equity of 17.43%. ZoomInfo Technologies’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 EPS. ZoomInfo Technologies has set its FY 2026 guidance at 1.100-1.120 EPS and its Q2 2026 guidance at 0.260-0.280 EPS. Equities analysts anticipate that ZoomInfo Technologies Inc. will post 0.81 earnings per share for the current year.

Insider Activity

In other news, CRO James M. Roth sold 35,723 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total transaction of $209,694.01. Following the transaction, the executive owned 139,795 shares in the company, valued at approximately $820,596.65. This represents a 20.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Ashley Mcgrane sold 6,959 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total transaction of $40,849.33. Following the transaction, the general counsel owned 76,872 shares in the company, valued at $451,238.64. This represents a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 44,727 shares of company stock worth $262,834. Company insiders own 9.90% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

Several institutional investors have recently made changes to their positions in the stock. Fred Alger Management LLC raised its holdings in shares of ZoomInfo Technologies by 7.7% during the fourth quarter. Fred Alger Management LLC now owns 29,960 shares of the company’s stock valued at $305,000 after purchasing an additional 2,136 shares during the period. Global Retirement Partners LLC acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at about $26,000. Fifth Third Bancorp acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at about $29,000. Covestor Ltd bought a new stake in shares of ZoomInfo Technologies during the fourth quarter worth about $34,000. Finally, Allworth Financial LP bought a new stake in shares of ZoomInfo Technologies during the third quarter worth about $40,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.