ZoomInfo Technologies (NASDAQ:GTM) Raised to “Sector Weight” at KeyCorp

ZoomInfo Technologies (NASDAQ:GTM) was upgraded by equities researchers at KeyCorp from an “underweight” rating to a “sector weight” rating in a research note issued on Monday, Marketbeat reports.

Several other analysts also recently issued reports on the stock. UBS Group upped their price target on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Citigroup upped their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada raised their price target on ZoomInfo Technologies from $7.00 to $8.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group boosted their price target on ZoomInfo Technologies from $9.40 to $10.70 and gave the stock a “sell” rating in a report on Tuesday, November 4th. Finally, Barclays increased their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $11.67.

ZoomInfo Technologies Stock Up 1.6%

ZoomInfo Technologies stock opened at $9.95 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 1.63 and a beta of 1.05. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $12.63. The stock’s fifty day moving average is $10.30 and its two-hundred day moving average is $10.44.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $303.86 million. During the same quarter in the previous year, the company posted $0.28 EPS. The business’s revenue was up 4.7% on a year-over-year basis. 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 Buying and Selling at ZoomInfo Technologies

In other news, General Counsel Ashley Mcgrane sold 6,600 shares of the firm’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. This trade represents a 18.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

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

About ZoomInfo Technologies

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.