BTIG Research Begins Coverage on ZoomInfo Technologies (NASDAQ:GTM)

by · The Cerbat Gem

Research analysts at BTIG Research initiated coverage on shares of ZoomInfo Technologies (NASDAQ:GTM – Get Free Report) in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm set a “buy” rating and a $13.00 price target on the stock. BTIG Research’s target price points to a potential upside of 30.65% from the stock’s current price.

GTM has been the topic of a number of other reports. The Goldman Sachs Group lifted their price objective 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 lifted their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Wells Fargo & Company started coverage on ZoomInfo Technologies in a research report on Wednesday, October 1st. They set an “underweight” rating and a $10.00 price objective for the company. Royal Bank Of Canada lifted their target price on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. Finally, UBS Group boosted their target price on ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of “Reduce” and a consensus price target of $11.79.

Get Our Latest Analysis on GTM

ZoomInfo Technologies Stock Up 1.6%

GTM stock opened at $9.95 on Wednesday. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $12.63. The business has a 50-day simple moving average of $10.30 and a 200 day simple moving average of $10.44. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.86. The company has a market cap of $3.10 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.63 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The firm had revenue of $318.00 million for the quarter, compared to the consensus estimate of $303.86 million. ZoomInfo Technologies had a net margin of 8.40% and a return on equity of 14.55%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. 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.

Insiders Place Their Bets

In related news, General Counsel Ashley Mcgrane sold 6,600 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total transaction of $77,154.00. Following the sale, the general counsel owned 28,399 shares in the company, valued at $331,984.31. The trade was a 18.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.00% of the stock is owned by corporate insiders.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds have recently made changes to their positions in GTM. JPMorgan Chase & Co. acquired a new position in shares of ZoomInfo Technologies in the third quarter valued at approximately $74,670,000. CIBC Private Wealth Group LLC acquired a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $5,419,000. New Mexico Educational Retirement Board bought a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $681,000. Swiss Life Asset Management Ltd acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at approximately $140,000. Finally, Advisory Services Network LLC bought a new position in shares of ZoomInfo Technologies during the third quarter valued at $105,000. 95.47% of the stock is owned by institutional investors and hedge funds.

About ZoomInfo Technologies

(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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