Piper Sandler Cuts ZoomInfo Technologies (NASDAQ:GTM) Price Target to $9.00

ZoomInfo Technologies (NASDAQ:GTM) had its price objective lowered by Piper Sandler from $12.00 to $9.00 in a report published on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the company. Citigroup raised their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Barclays dropped their target price on shares of ZoomInfo Technologies from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 12th. KeyCorp upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research report on Monday, December 15th. The Goldman Sachs Group boosted their price objective on shares of ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada increased their price objective on shares of ZoomInfo Technologies from $7.00 to $8.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.39.

ZoomInfo Technologies Stock Down 1.3%

NASDAQ:GTM opened at $6.78 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.07 and a beta of 1.07. ZoomInfo Technologies has a one year low of $6.67 and a one year high of $12.63. The stock has a 50-day simple moving average of $9.56 and a 200 day simple moving average of $10.27.

ZoomInfo Technologies (NASDAQ:GTM) last released its earnings results on Monday, November 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The company 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%.ZoomInfo Technologies’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS.

Institutional Trading of ZoomInfo Technologies

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in ZoomInfo Technologies during the 4th quarter valued at about $29,000. Allworth Financial LP acquired a new position in shares of ZoomInfo Technologies during the third quarter worth 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 stake in ZoomInfo Technologies in the 4th quarter valued at approximately $56,000. Finally, Strs Ohio acquired a new stake in ZoomInfo Technologies in the 4th quarter valued at approximately $65,000. 95.47% of the stock is currently owned by institutional investors.

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.