ZoomInfo Technologies Sees Unusually Large Options Volume (NASDAQ:GTM)

ZoomInfo Technologies Inc. (NASDAQ:GTM) saw some unusual options trading on Tuesday. Stock investors acquired 12,010 put options on the company. This represents an increase of approximately 362% compared to the typical volume of 2,597 put options.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. KeyCorp boosted their price target on ZoomInfo Technologies from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Citigroup lifted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Wells Fargo & Company began coverage on ZoomInfo Technologies in a research note on Wednesday, October 1st. They set an “underweight” rating and a $10.00 price target for the company. The Goldman Sachs Group lifted their price objective on shares of ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a research report on Tuesday, November 4th. Finally, UBS Group upped their price objective on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, ZoomInfo Technologies has a consensus rating of “Reduce” and an average target price of $11.67.

ZoomInfo Technologies Trading Up 3.2%

Shares of GTM traded up $0.30 during mid-day trading on Tuesday, hitting $9.79. The company’s stock had a trading volume of 1,028,355 shares, compared to its average volume of 5,426,992. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67. ZoomInfo Technologies has a 1-year low of $7.01 and a 1-year high of $12.63. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.58 and a beta of 1.25. The business has a 50-day moving average of $10.75.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.11. ZoomInfo Technologies had a return on equity of 14.55% and a net margin of 8.40%.The firm had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $303.86 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. ZoomInfo Technologies’s revenue was up 4.7% compared to the same quarter last year. ZoomInfo Technologies has set its FY 2025 guidance at 1.040-1.060 EPS. Q4 2025 guidance at 0.270-0.290 EPS.

Insider Activity at ZoomInfo Technologies

In other news, General Counsel Ashley Mcgrane sold 6,600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $11.69, for a total transaction of $77,154.00. Following the transaction, the general counsel directly owned 28,399 shares in the company, valued at approximately $331,984.31. This trade represents a 18.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO James M. Roth sold 3,288 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $10.26, for a total transaction of $33,734.88. Following the sale, the executive owned 44,168 shares of the company’s stock, valued at approximately $453,163.68. This represents a 6.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,142 shares of company stock valued at $124,289 over the last three months. Corporate insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of large investors have recently made changes to their positions in GTM. EMC Capital Management purchased a new stake in ZoomInfo Technologies during the third quarter worth about $76,000. CIBC Private Wealth Group LLC purchased a new position in ZoomInfo Technologies in the third quarter valued at about $5,419,000. Finally, Advisory Services Network LLC acquired a new stake in shares of ZoomInfo Technologies during the 3rd quarter valued at approximately $105,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.