Easterly Investment Partners LLC purchased a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:GTM – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 155,400 shares of the company’s stock, valued at approximately $1,580,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $255,416,000. LSV Asset Management purchased a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $103,545,000. JPMorgan Chase & Co. purchased a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $74,670,000. Geode Capital Management LLC purchased a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $55,441,000. Finally, Norges Bank purchased a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $31,428,000. 95.47% of the stock is owned by institutional investors and hedge funds.
ZoomInfo Technologies Trading Up 14.7%
Shares of ZoomInfo Technologies stock opened at $3.82 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.89. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.63 and a beta of 0.88. The business has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $7.39. ZoomInfo Technologies Inc. has a fifty-two week low of $3.19 and a fifty-two week high of $12.51.
Insiders Place Their Bets
In other news, Director Domenic Maida bought 27,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $3.60 per share, with a total value of $99,000.00. Following the transaction, the director directly owned 66,342 shares in the company, valued at approximately $238,831.20. This trade represents a 70.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO James M. Roth sold 35,723 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $5.87, for a total value of $209,694.01. Following the sale, the executive owned 139,795 shares of the company’s stock, valued at approximately $820,596.65. This trade represents a 20.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,727 shares of company stock valued at $262,834 in the last three months. Insiders own 9.90% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Mizuho reiterated an “underperform” rating and issued a $3.00 price target (down from $10.00) on shares of ZoomInfo Technologies in a report on Wednesday, May 13th. Wall Street Zen downgraded ZoomInfo Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Citigroup lowered their price target on ZoomInfo Technologies from $5.00 to $4.00 and set a “sell” rating for the company in a report on Wednesday, May 13th. Barclays lowered their price target on ZoomInfo Technologies from $8.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, May 13th. Finally, Citizens Jmp lowered their price target on ZoomInfo Technologies from $6.00 to $2.50 and set a “market underperform” rating for the company in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $6.09.
Read Our Latest Stock Report on GTM
ZoomInfo Technologies 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.
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