ZoomInfo Technologies (NASDAQ:GTM) Hits New 12-Month Low on Analyst Downgrade

ZoomInfo Technologies Inc. (NASDAQ:GTM)’s share price reached a new 52-week low during trading on Tuesday after Jefferies Financial Group lowered their price target on the stock from $16.00 to $12.00. Jefferies Financial Group currently has a buy rating on the stock. ZoomInfo Technologies traded as low as $6.87 and last traded at $6.92, with a volume of 7223353 shares changing hands. The stock had previously closed at $7.81.

GTM has been the subject of a number of other reports. Barclays dropped their target price on ZoomInfo Technologies from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. BTIG Research started coverage on ZoomInfo Technologies in a research note on Wednesday, December 17th. They set a “buy” rating and a $13.00 price objective for the company. Royal Bank Of Canada lifted their price objective on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. UBS Group upped their target price on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Piper Sandler cut their price target on shares of ZoomInfo Technologies from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.39.

Institutional Investors Weigh In On ZoomInfo Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new position in shares of ZoomInfo Technologies during the fourth quarter worth approximately $29,000. Allworth Financial LP acquired a new stake in shares of ZoomInfo Technologies in the third quarter valued at approximately $40,000. GAMMA Investing LLC bought a new position in ZoomInfo Technologies in the 4th quarter worth approximately $47,000. DekaBank Deutsche Girozentrale acquired a new position in ZoomInfo Technologies during the 4th quarter worth $56,000. Finally, Strs Ohio bought a new position in ZoomInfo Technologies in the 4th quarter valued at $65,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Price Performance

The stock has a 50-day simple moving average of $9.62 and a 200 day simple moving average of $10.30. The stock has a market capitalization of $2.14 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67.

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

About ZoomInfo Technologies

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.