ZoomInfo Technologies (NASDAQ:GTM) Trading 5% Higher on Analyst Upgrade

ZoomInfo Technologies Inc. (NASDAQ:GTM)’s share price was up 5% during mid-day trading on Wednesday after BTIG Research upgraded the stock to a strong-buy rating. The stock traded as high as $10.58 and last traded at $10.45. Approximately 2,377,031 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 5,431,163 shares. The stock had previously closed at $9.95.

Several other equities research analysts also recently weighed in on the stock. KeyCorp upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday. The Goldman Sachs Group upped their price objective on ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a research note on Tuesday, November 4th. Barclays lifted their target price on ZoomInfo Technologies from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Citigroup upped their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, UBS Group increased their price target on ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” 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 assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.79.

Insider Buying and Selling at ZoomInfo Technologies

In related news, General Counsel Ashley Mcgrane sold 6,600 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total value of $77,154.00. Following the sale, the general counsel directly owned 28,399 shares in the company, valued at $331,984.31. The trade was a 18.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Several hedge funds have recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in ZoomInfo Technologies during the third quarter worth approximately $40,000. EMC Capital Management acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth $76,000. Advisory Services Network LLC purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at $105,000. Swiss Life Asset Management Ltd acquired a new position in ZoomInfo Technologies in the third quarter valued at $140,000. Finally, New Mexico Educational Retirement Board purchased a new position in ZoomInfo Technologies during the third quarter worth about $681,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Price Performance

The company has a 50-day moving average of $10.30 and a two-hundred day moving average of $10.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $3.20 billion, a PE ratio of 33.13, a P/E/G ratio of 1.68 and a beta of 1.05.

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

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.