Assenagon Asset Management S.A. Acquires 1,512,582 Shares of ZoomInfo Technologies Inc. $GTM

Assenagon Asset Management S.A. raised its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:GTM) by 5,757.6% during the 1st quarter, HoldingsChannel reports. The fund owned 1,538,853 shares of the company’s stock after acquiring an additional 1,512,582 shares during the quarter. Assenagon Asset Management S.A.’s holdings in ZoomInfo Technologies were worth $9,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Global Retirement Partners LLC bought a new position in ZoomInfo Technologies in the 4th quarter worth $26,000. Fifth Third Bancorp purchased a new position in ZoomInfo Technologies during the fourth quarter valued at $29,000. Covestor Ltd bought a new stake in ZoomInfo Technologies during the fourth quarter valued at about $34,000. Allworth Financial LP bought a new stake in ZoomInfo Technologies during the third quarter valued at about $40,000. Finally, Parallel Advisors LLC purchased a new stake in ZoomInfo Technologies in the fourth quarter worth about $40,000. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Performance

NASDAQ:GTM opened at $2.89 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. ZoomInfo Technologies Inc. has a 12-month low of $2.54 and a 12-month high of $12.51. The stock has a 50-day moving average price of $4.18 and a 200 day moving average price of $6.46. The stock has a market capitalization of $851.74 million, a P/E ratio of 7.22, a P/E/G ratio of 0.54 and a beta of 0.88.

ZoomInfo Technologies (NASDAQ:GTM) last issued its earnings results on Monday, May 11th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.10. ZoomInfo Technologies had a return on equity of 17.43% and a net margin of 10.10%.The company had revenue of $310.20 million for the quarter. During the same period last year, the business posted $0.23 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. ZoomInfo Technologies has set its FY 2026 guidance at 1.100-1.120 EPS and its Q2 2026 guidance at 0.260-0.280 EPS. Equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on GTM shares. DA Davidson decreased their price objective on ZoomInfo Technologies from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Piper Sandler restated a “neutral” rating and set a $4.00 target price (down from $7.00) on shares of ZoomInfo Technologies in a research note on Tuesday, May 12th. Jefferies Financial Group downgraded shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $12.00 to $4.00 in a report on Thursday, May 21st. Finally, UBS Group lowered their price target on shares of ZoomInfo Technologies from $8.50 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Reduce” and a consensus target price of $6.09.

Insider Buying and Selling at ZoomInfo Technologies

In related news, Director Domenic Maida bought 27,500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $3.60 per share, with a total value of $99,000.00. Following the completion of the acquisition, the director owned 66,342 shares of the company’s stock, valued at $238,831.20. This represents a 70.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO James M. Roth sold 35,723 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $5.87, for a total transaction of $209,694.01. Following the completion of the transaction, the executive directly owned 139,795 shares in the company, valued at $820,596.65. This trade represents a 20.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 9.90% 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.