Shares of ZoomInfo Technologies Inc. (NASDAQ:GTM – Get Free Report) rose 9.3% on Monday . The company traded as high as $4.11 and last traded at $4.1530. 2,717,783 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 9,744,281 shares. The stock had previously closed at $3.80.
Analyst Ratings Changes
Several brokerages have recently issued reports on GTM. Wells Fargo & Company reduced their price objective on ZoomInfo Technologies from $3.50 to $3.00 and set an “underweight” rating on the stock in a research note on Monday, July 20th. Jefferies Financial Group downgraded ZoomInfo Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $12.00 to $4.00 in a report on Thursday, May 21st. Stifel Nicolaus lifted their price objective on ZoomInfo Technologies from $3.50 to $4.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. UBS Group cut their target price on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Citigroup increased their price objective on shares of ZoomInfo Technologies from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $5.93.
View Our Latest Analysis on GTM
ZoomInfo Technologies Price Performance
ZoomInfo Technologies (NASDAQ:GTM – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $310.40 million for the quarter. ZoomInfo Technologies had a negative net margin of 43.01% and a positive return on equity of 20.16%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. ZoomInfo Technologies has set its FY 2026 guidance at 1.120-1.130 EPS and its Q3 2026 guidance at 0.280-0.290 EPS. Sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.84 EPS for the current fiscal year.
Institutional Investors Weigh In On ZoomInfo Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sachem Head Capital Management LP acquired a new position in ZoomInfo Technologies during the 4th quarter worth $150,465,000. Legal & General Group Plc bought a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $4,091,000. Jupiter Asset Management Ltd. bought a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $9,566,000. Amundi grew its holdings in shares of ZoomInfo Technologies by 724.9% in the 1st quarter. Amundi now owns 667,967 shares of the company’s stock worth $3,994,000 after acquiring an additional 586,991 shares during the last quarter. Finally, Norges Bank purchased a new position in ZoomInfo Technologies in the 4th quarter worth about $31,428,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.
ZoomInfo Technologies Company Profile
ZoomInfo Technologies, Inc provides go-to-market intelligence and sales and marketing software for businesses. Its platform helps organizations identify prospective customers, research companies and decision-makers, manage contact and account data, and prioritize opportunities across the sales and marketing process.
The company’s products include business-to-business contact and company intelligence, workflow and automation tools, sales engagement capabilities, and conversation and revenue intelligence solutions.
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