ZoomInfo Technologies Target of Unusually High Options Trading (NASDAQ:GTM)

ZoomInfo Technologies Inc. (NASDAQ:GTMGet Free Report) was the target of unusually large options trading activity on Friday. Traders bought 12,507 call options on the stock. This represents an increase of approximately 178% compared to the typical volume of 4,500 call options.

ZoomInfo Technologies Trading Down 3.6%

GTM traded down $0.14 during trading on Friday, hitting $3.88. The company’s stock had a trading volume of 1,073,776 shares, compared to its average volume of 9,639,643. ZoomInfo Technologies has a twelve month low of $2.54 and a twelve month high of $12.31. The stock has a market cap of $1.13 billion, a PE ratio of -2.08, a PEG ratio of 0.64 and a beta of 0.85. The firm’s 50 day moving average price is $3.70 and its 200-day moving average price is $4.34. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.65 and a quick ratio of 0.65.

ZoomInfo Technologies (NASDAQ:GTMGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. ZoomInfo Technologies had a negative net margin of 43.01% and a positive return on equity of 20.16%. The business had revenue of $310.40 million during the quarter. During the same quarter last year, the company posted $0.25 earnings per share. ZoomInfo Technologies’s revenue for the quarter was up 1.2% compared to the same quarter last year. 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 expect that ZoomInfo Technologies will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on ZoomInfo Technologies from $3.50 to $4.00 and gave the company a “hold” rating in a report on Thursday, August 6th. UBS Group cut their price objective on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Citigroup raised their target price on shares of ZoomInfo Technologies from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Friday, August 7th. DA Davidson lowered their target price on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Jefferies Financial Group cut shares of 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. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Reduce” and an average price target of $5.93.

Get Our Latest Stock Report on ZoomInfo Technologies

Institutional Trading of ZoomInfo Technologies

A number of hedge funds have recently modified their holdings of GTM. 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 fourth quarter worth about $4,091,000. Jupiter Asset Management Ltd. acquired a new stake in ZoomInfo Technologies in the 4th quarter valued at approximately $9,566,000. Amundi boosted its position in ZoomInfo Technologies by 724.9% during 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 bought a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $31,428,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About ZoomInfo Technologies

(Get Free Report)

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.

Further Reading

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