ZoomInfo Technologies Inc. (NASDAQ:GTM – Get Free Report) shot up 5% during mid-day trading on Tuesday. The stock traded as high as $4.03 and last traded at $4.0740. Approximately 113,809 shares traded hands during trading, a decline of 99% from the average session volume of 9,277,642 shares. The stock had previously closed at $3.88.
Wall Street Analysts Forecast Growth
GTM has been the topic of a number of recent research reports. 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. Citigroup lifted their price objective on ZoomInfo Technologies from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Friday, August 7th. Stifel Nicolaus boosted their target price 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 dropped their target price on ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, DA Davidson dropped their target price on ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Thursday, August 6th. One research 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 price target of $5.93.
Get Our Latest Research Report on ZoomInfo Technologies
ZoomInfo Technologies Price Performance
ZoomInfo Technologies (NASDAQ:GTM – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. The business had revenue of $310.40 million during the quarter. ZoomInfo Technologies had a positive return on equity of 20.16% and a negative net margin of 43.01%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. 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. On average, analysts anticipate that ZoomInfo Technologies Inc. will post 0.83 earnings per share for the current fiscal year.
Insider Activity at ZoomInfo Technologies
In related news, CRO James Roth sold 20,773 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $3.70, for a total transaction of $76,860.10. Following the completion of the transaction, the executive owned 270,507 shares in the company, valued at $1,000,875.90. This represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,362 shares of company stock worth $106,623 in the last ninety days. 9.90% of the stock is owned by corporate insiders.
Institutional Trading of ZoomInfo Technologies
Large investors have recently added to or reduced their stakes in the stock. Amundi boosted its position in shares of ZoomInfo Technologies by 724.9% during the first quarter. Amundi now owns 667,967 shares of the company’s stock valued at $3,994,000 after purchasing an additional 586,991 shares in the last quarter. Principal Financial Group Inc. raised its holdings in ZoomInfo Technologies by 120.6% in the first quarter. Principal Financial Group Inc. now owns 1,301,370 shares of the company’s stock worth $7,782,000 after purchasing an additional 711,508 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in ZoomInfo Technologies by 24.7% in the first quarter. Dimensional Fund Advisors LP now owns 15,100,675 shares of the company’s stock worth $90,302,000 after purchasing an additional 2,992,276 shares in the last quarter. AXQ Capital LP bought a new position in ZoomInfo Technologies in the second quarter worth $1,572,000. Finally, Assenagon Asset Management S.A. lifted its position in ZoomInfo Technologies by 5,757.6% during the first quarter. Assenagon Asset Management S.A. now owns 1,538,853 shares of the company’s stock valued at $9,202,000 after buying an additional 1,512,582 shares during the period. Institutional investors own 95.47% of the company’s stock.
ZoomInfo Technologies Company Profile
ZoomInfo Technologies provides go-to-market intelligence and workflow solutions designed to help businesses identify, engage and convert potential customers. Its platform combines business and professional data with tools for sales, marketing and recruiting teams, supporting activities such as account research, lead generation, customer segmentation and outreach.
The company’s products include contact and company intelligence, sales and marketing automation, conversation intelligence, website visitor identification and intent-data capabilities.
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