ZoomInfo Technologies Target of Unusually High Options Trading (NASDAQ:GTM)

ZoomInfo Technologies Inc. (NASDAQ:GTM) saw some unusual options trading activity on Monday. Traders purchased 5,317 call options on the company. This represents an increase of 106% compared to the typical volume of 2,586 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GTM shares. Royal Bank Of Canada lowered their target price on shares of ZoomInfo Technologies from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 10th. Citizens Jmp lowered shares of ZoomInfo Technologies from a “market perform” rating to a “mkt underperform” rating and set a $6.00 target price on the stock. in a research note on Tuesday, February 10th. Piper Sandler lowered their target price on shares of ZoomInfo Technologies from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Citigroup lowered their target price on shares of ZoomInfo Technologies from $8.00 to $6.50 and set a “sell” rating on the stock in a research note on Wednesday, February 11th. Finally, Barclays lowered their target price on shares of ZoomInfo Technologies from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.05.

ZoomInfo Technologies Price Performance

Shares of GTM traded down $0.05 during mid-day trading on Monday, hitting $6.33. 2,295,369 shares of the company were exchanged, compared to its average volume of 9,331,132. ZoomInfo Technologies has a 1-year low of $5.15 and a 1-year high of $12.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average of $6.05 and a 200-day moving average of $8.23. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.04.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly earnings results on Monday, February 9th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.12. ZoomInfo Technologies had a net margin of 9.94% and a return on equity of 16.32%. The firm had revenue of $319.10 million during the quarter. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that ZoomInfo Technologies will post 0.79 EPS for the current fiscal year.

Insider Transactions at ZoomInfo Technologies

In other news, CRO James M. Roth sold 35,723 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total transaction of $209,694.01. Following the sale, the executive directly owned 139,795 shares of the company’s stock, valued at $820,596.65. This represents a 20.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Ashley Mcgrane sold 6,959 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $5.87, for a total transaction of $40,849.33. Following the sale, the general counsel directly owned 76,872 shares in the company, valued at approximately $451,238.64. The trade was a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 44,727 shares of company stock valued at $262,834. Insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GTM. Global Retirement Partners LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth about $26,000. Fifth Third Bancorp acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth about $29,000. Covestor Ltd acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth about $34,000. Allworth Financial LP acquired a new position in shares of ZoomInfo Technologies during the 3rd quarter worth about $40,000. Finally, Parallel Advisors LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.