ZoomInfo Technologies (NASDAQ:GTM) Rating Increased to Sector Weight at KeyCorp

ZoomInfo Technologies (NASDAQ:GTM) was upgraded by equities researchers at KeyCorp from an “underweight” rating to a “sector weight” rating in a research note issued to investors on Monday,Benzinga reports.

Other analysts also recently issued research reports about the company. Barclays upped their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada boosted their target price on ZoomInfo Technologies from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Wells Fargo & Company began coverage on ZoomInfo Technologies in a report on Wednesday, October 1st. They set an “underweight” rating and a $10.00 price target on the stock. UBS Group lifted their price target on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of ZoomInfo Technologies from $9.40 to $10.70 and gave the stock a “sell” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $11.67.

ZoomInfo Technologies Stock Performance

Shares of GTM opened at $9.96 on Monday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The company’s fifty day moving average is $10.33 and its 200-day moving average is $10.44. 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 has a 12 month low of $7.01 and a 12 month high of $12.63.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $303.86 million. ZoomInfo Technologies had a net margin of 8.40% and a return on equity of 14.55%. ZoomInfo Technologies’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. ZoomInfo Technologies has set its FY 2025 guidance at 1.040-1.060 EPS and its Q4 2025 guidance at 0.270-0.290 EPS.

Insider Buying and Selling at ZoomInfo Technologies

In other news, General Counsel Ashley Mcgrane sold 6,600 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $11.69, for a total value of $77,154.00. Following the sale, the general counsel owned 28,399 shares in the company, valued at approximately $331,984.31. This trade represents a 18.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.00% of the company’s stock.

Institutional Trading of ZoomInfo Technologies

A number of hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of ZoomInfo Technologies during the 3rd quarter worth about $105,000. EMC Capital Management bought a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $76,000. CIBC Private Wealth Group LLC acquired a new stake in ZoomInfo Technologies during the third quarter worth about $5,419,000. JPMorgan Chase & Co. bought a new position in ZoomInfo Technologies during the third quarter valued at about $74,670,000. Finally, Swiss Life Asset Management Ltd bought a new position in ZoomInfo Technologies during the third quarter valued at about $140,000. 95.47% of the stock is owned by institutional investors.

About ZoomInfo Technologies

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.