Jefferies Financial Group Cuts ZoomInfo Technologies (NASDAQ:GTM) Price Target to $12.00

ZoomInfo Technologies (NASDAQ:GTM) had its price target lowered by Jefferies Financial Group from $16.00 to $12.00 in a research note published on Tuesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other analysts have also issued reports about the company. UBS Group lifted their target price on ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Citigroup lifted their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. BTIG Research started coverage on ZoomInfo Technologies in a research report on Wednesday, December 17th. They issued a “buy” rating and a $13.00 target price on the stock. Piper Sandler decreased their price target on shares of ZoomInfo Technologies from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, KeyCorp raised shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.39.

ZoomInfo Technologies Price Performance

Shares of GTM stock opened at $6.78 on Tuesday. The company has a market capitalization of $2.11 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.07 and a beta of 1.07. The firm has a fifty day simple moving average of $9.56 and a 200-day simple moving average of $10.27. 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 twelve month low of $6.67 and a twelve month high of $12.63.

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 net margin of 8.40% and a return on equity of 14.55%. The firm had revenue of $318.00 million for the quarter, compared to the consensus estimate of $303.86 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in shares of ZoomInfo Technologies in the 4th quarter worth $255,416,000. JPMorgan Chase & Co. acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at $74,670,000. Retirement Systems of Alabama purchased a new position in ZoomInfo Technologies in the 4th quarter worth about $14,412,000. Robeco Institutional Asset Management B.V. acquired a new stake in ZoomInfo Technologies during the 4th quarter worth about $7,100,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in ZoomInfo Technologies during the 4th quarter worth about $5,799,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies (NASDAQ:GTM) is a leading provider of go-to-market intelligence and sales engagement software designed to help organizations accelerate growth. The company offers a cloud-based platform that delivers comprehensive contact and company data, intent signals, and analytics to support prospecting, lead generation, and customer retention. Its solutions enable sales and marketing teams to identify and engage target accounts, personalize outreach, and optimize campaigns with real-time insights into buyer behavior and market trends.

Founded in 2007 and headquartered in Waltham, Massachusetts, ZoomInfo Technologies has expanded its global footprint across North America, Europe, and Asia–Pacific.