ZoomInfo Technologies (NASDAQ:GTM) Trading 5% Higher – Still a Buy?

Shares of ZoomInfo Technologies Inc. (NASDAQ:GTM) shot up 5% during mid-day trading on Wednesday . The stock traded as high as $10.58 and last traded at $10.45. 2,377,031 shares were traded during mid-day trading, a decline of 56% from the average session volume of 5,431,163 shares. The stock had previously closed at $9.95.

Analysts Set New Price Targets

A number of research firms recently commented on GTM. The Goldman Sachs Group upped 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. KeyCorp upgraded ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday. Citigroup lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. BTIG Research began coverage on ZoomInfo Technologies in a research note on Wednesday. They set a “buy” rating and a $13.00 target price for the company. Finally, UBS Group raised their target price on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with 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 company has an average rating of “Reduce” and a consensus price target of $11.79.

ZoomInfo Technologies Stock Up 4.5%

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 company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.63 and a beta of 1.05. The firm has a 50-day moving average price of $10.30 and a two-hundred day moving average price of $10.44.

ZoomInfo Technologies (NASDAQ:GTM) last announced its earnings results on Monday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. ZoomInfo Technologies had a return on equity of 14.55% and a net margin of 8.40%.The business had revenue of $318.00 million for the quarter, compared to analyst estimates of $303.86 million. During the same quarter last year, the firm earned $0.28 EPS. ZoomInfo Technologies’s revenue for the quarter 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 and its Q4 2025 guidance at 0.270-0.290 EPS.

Insider Activity at ZoomInfo Technologies

In related news, General Counsel Ashley Mcgrane sold 6,600 shares of the stock in a transaction 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 completion of the transaction, the general counsel owned 28,399 shares in the company, valued at approximately $331,984.31. This represents a 18.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ZoomInfo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter worth about $40,000. EMC Capital Management acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $76,000. Advisory Services Network LLC bought a new stake in ZoomInfo Technologies during the third quarter worth about $105,000. Swiss Life Asset Management Ltd acquired a new position in ZoomInfo Technologies during the third quarter valued at approximately $140,000. Finally, New Mexico Educational Retirement Board acquired a new position in ZoomInfo Technologies during the third quarter valued at approximately $681,000. 95.47% of the stock is owned by institutional investors.

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.