Investors Buy High Volume of ZoomInfo Technologies Put Options (NASDAQ:GTM)

ZoomInfo Technologies Inc. (NASDAQ:GTM) saw unusually large options trading activity on Tuesday. Stock investors bought 12,010 put options on the company. This is an increase of 362% compared to the average volume of 2,597 put options.

Insider Activity

In related news, General Counsel Ashley Mcgrane sold 6,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total value of $77,154.00. Following the transaction, the general counsel directly owned 28,399 shares in the company, valued at approximately $331,984.31. This represents a 18.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO James M. Roth sold 3,288 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $10.26, for a total value of $33,734.88. Following the completion of the transaction, the executive owned 44,168 shares of the company’s stock, valued at $453,163.68. The trade was a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,142 shares of company stock worth $124,289 over the last quarter. 9.00% of the stock is currently owned by company insiders.

Institutional Trading of ZoomInfo Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EMC Capital Management purchased a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $76,000. Advisory Services Network LLC purchased a new stake in ZoomInfo Technologies in the third quarter valued at $105,000. Finally, CIBC Private Wealth Group LLC acquired a new position in ZoomInfo Technologies in the third quarter valued at $5,419,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barclays increased their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Royal Bank Of Canada boosted their target price on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. Piper Sandler boosted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Citigroup lifted their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, DA Davidson started coverage on shares of ZoomInfo Technologies in a report on Tuesday, August 5th. They issued a “neutral” rating and a $11.00 price objective for the company. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Reduce” and a consensus price target of $11.67.

ZoomInfo Technologies Trading Up 3.2%

NASDAQ:GTM traded up $0.30 during trading hours on Tuesday, hitting $9.79. The company’s stock had a trading volume of 1,028,355 shares, compared to its average volume of 5,426,992. The company has a market capitalization of $3.05 billion, a PE ratio of 31.58, a P/E/G ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67. The company has a fifty day simple moving average of $10.75. ZoomInfo Technologies has a 52-week low of $7.01 and a 52-week high of $12.63.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. The business had revenue of $318.00 million for the quarter, compared to the consensus estimate of $303.86 million. ZoomInfo Technologies had a return on equity of 14.55% and a net margin of 8.40%.The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. ZoomInfo Technologies has set its FY 2025 guidance at 1.040-1.060 EPS. Q4 2025 guidance at 0.270-0.290 EPS.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company’s cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.