ZoomInfo Technologies (NASDAQ:GTM) Upgraded at KeyCorp

by · The Cerbat Gem

KeyCorp upgraded shares of ZoomInfo Technologies (NASDAQ:GTM – Free Report) from an underweight rating to a sector weight rating in a research note issued to investors on Monday, MarketBeat reports.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada raised their price target on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Wells Fargo & Company started coverage on ZoomInfo Technologies in a report on Wednesday, October 1st. They issued an “underweight” rating and a $10.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a research note on Tuesday, November 4th. Citigroup boosted their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, UBS Group increased their price target on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Reduce” and a consensus price target of $11.79.

View Our Latest Stock Analysis on ZoomInfo Technologies

ZoomInfo Technologies Stock Up 1.2%

Shares of GTM stock opened at $10.07 on Monday. The firm’s fifty day moving average price is $10.30 and its two-hundred day moving average price is $10.44. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.86. ZoomInfo Technologies has a 1 year low of $7.01 and a 1 year high of $12.63. The firm has a market capitalization of $3.14 billion, a P/E ratio of 32.48, a PEG ratio of 1.66 and a beta of 1.05.

ZoomInfo Technologies (NASDAQ:GTM – Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. The company had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $303.86 million. ZoomInfo Technologies had a return on equity of 14.55% and a net margin of 8.40%.ZoomInfo Technologies’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. 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 other news, General Counsel Ashley Mcgrane sold 6,600 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $11.69, for a total value of $77,154.00. Following the transaction, the general counsel directly owned 28,399 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. 9.00% of the stock is currently owned by corporate insiders.

Institutional Trading of ZoomInfo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at about $40,000. EMC Capital Management bought a new stake in shares of ZoomInfo Technologies during the third quarter worth approximately $76,000. Advisory Services Network LLC acquired a new position in shares of ZoomInfo Technologies in the third quarter valued at approximately $105,000. Swiss Life Asset Management Ltd bought a new position in shares of ZoomInfo Technologies during the third quarter worth approximately $140,000. Finally, New Mexico Educational Retirement Board bought a new position in shares of ZoomInfo Technologies during the third quarter worth approximately $681,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Company Profile

(Get Free Report)

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.

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