Piper Sandler Issues Pessimistic Forecast for ZoomInfo Technologies (NASDAQ:GTM) Stock Price

ZoomInfo Technologies (NASDAQ:GTM) had its target price decreased by equities researchers at Piper Sandler from $12.00 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 31.00% from the stock’s previous close.

Several other brokerages have also recently issued reports on GTM. 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. UBS Group raised their price target on ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Barclays decreased their price objective on shares of ZoomInfo Technologies from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. KeyCorp raised shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research note on Monday, December 15th. Finally, The Goldman Sachs Group lifted their target price on shares of ZoomInfo Technologies from $9.40 to $10.70 and gave the stock a “sell” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies presently has an average rating of “Hold” and a consensus price target of $11.39.

ZoomInfo Technologies Stock Down 0.7%

Shares of NASDAQ GTM opened at $6.87 on Tuesday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.09 and a beta of 1.07. ZoomInfo Technologies has a 52 week low of $6.67 and a 52 week high of $12.63. The firm has a 50-day moving average price of $9.62 and a 200 day moving average price of $10.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.86.

ZoomInfo Technologies (NASDAQ:GTM) last issued its earnings results on Monday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The company had revenue of $318.00 million during the quarter, compared to analysts’ expectations of $303.86 million. ZoomInfo Technologies had a net margin of 8.40% and a return on equity of 14.55%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $255,416,000. JPMorgan Chase & Co. purchased a new position in shares of ZoomInfo Technologies during the 3rd quarter worth $74,670,000. Retirement Systems of Alabama acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $14,412,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at $7,100,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in ZoomInfo Technologies in the fourth quarter valued at $5,799,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.