CIBC Private Wealth Group LLC acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:GTM – Free Report) in the 3rd quarter, Holdings Channel reports. The fund acquired 496,712 shares of the company’s stock, valued at approximately $5,419,000.
Separately, EMC Capital Management bought a new stake in ZoomInfo Technologies during the third quarter worth approximately $76,000. 95.47% of the stock is currently owned by institutional investors.
ZoomInfo Technologies Price Performance
Shares of ZoomInfo Technologies stock opened at $5.91 on Friday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.67 and a beta of 1.09. The firm’s 50-day moving average price is $7.22 and its two-hundred day moving average price is $9.37. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. ZoomInfo Technologies Inc. has a 1-year low of $5.72 and a 1-year high of $12.51.
Analyst Upgrades and Downgrades
GTM has been the subject of a number of research analyst reports. BTIG Research began coverage on ZoomInfo Technologies in a research report on Wednesday, December 17th. They issued a “buy” rating and a $13.00 target price for the company. Royal Bank Of Canada lowered their price target on ZoomInfo Technologies from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 10th. Barclays dropped their price objective on ZoomInfo Technologies from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Mizuho cut their price objective on ZoomInfo Technologies from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, February 10th. Finally, KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.25.
Read Our Latest Analysis on ZoomInfo Technologies
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.
Further Reading
Want to see what other hedge funds are holding GTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZoomInfo Technologies Inc. (NASDAQ:GTM – Free Report).
Receive News & Ratings for ZoomInfo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZoomInfo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
