Amundi Acquires 586,991 Shares of ZoomInfo Technologies Inc. $GTM

Key Points

• Amundi increased its ZoomInfo stake by 724.9% in the first quarter, acquiring 586,991 shares to own 667,967 shares valued at approximately $4.0 million. Institutional investors collectively own 95.47% of the company.
• ZoomInfo exceeded second-quarter earnings expectations, reporting adjusted EPS of $0.28 and revenue of $310.4 million, while issuing third-quarter and full-year EPS guidance above consensus estimates.
• Investor risks remain significant: analysts maintain a consensus “Reduce” rating, the stock has faced sharply reduced price targets, and the company is subject to a securities-fraud class-action lawsuit alleging misrepresentations about customer retention and business fundamentals.

Amundi grew its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:GTM - Free Report) by 724.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 667,967 shares of the company's stock after purchasing an additional 586,991 shares during the period. Amundi owned approximately 0.22% of ZoomInfo Technologies worth $3,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GTM. Fred Alger Management LLC raised its position in shares of ZoomInfo Technologies by 7.7% in the 4th quarter. Fred Alger Management LLC now owns 29,960 shares of the company's stock worth $305,000 after purchasing an additional 2,136 shares during the last quarter. Global Retirement Partners LLC purchased a new position in ZoomInfo Technologies in the fourth quarter worth about $26,000. Fifth Third Bancorp purchased a new position in ZoomInfo Technologies in the fourth quarter worth about $29,000. Covestor Ltd bought a new stake in ZoomInfo Technologies in the 4th quarter worth about $34,000. Finally, Parallel Advisors LLC purchased a new stake in ZoomInfo Technologies in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Key Headlines Impacting ZoomInfo Technologies

Here are the key news stories impacting ZoomInfo Technologies this week:

• Positive Sentiment: Strong Q2 earnings beat: ZoomInfo reported adjusted earnings of $0.28 per share, above estimates ranging from $0.19 to $0.27 and up from $0.25 a year earlier. Revenue reached $310.4 million, a 1.2% year-over-year increase. ZoomInfo Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Guidance exceeded expectations: Third-quarter EPS guidance of $0.28-$0.29 and revenue guidance of $298 million-$301 million topped consensus estimates of $0.27 and $293.5 million, respectively. Full-year EPS guidance of $1.12-$1.13 also exceeded the $1.05 consensus estimate. ZoomInfo Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Product and pricing initiatives: The company outlined a $1.207 billion-$1.217 billion full-year revenue outlook and is rolling out hybrid consumption pricing. ZoomInfo also highlighted integrations with Anthropic’s Claude and OpenAI’s Codex, supporting its strategy to embed verified data into AI workflows. ZoomInfo FY 2026 Revenue Outlook and Hybrid Pricing
• Neutral Sentiment: Analyst views remain cautious: UBS and DA Davidson lowered their price targets to $4.50 and kept neutral ratings. Stifel raised its target to $4.00 but maintained a hold rating, indicating limited upside based on current estimates. Analyst Rating and Price Target Updates
• Negative Sentiment: Legal overhang: Several law firms publicized a securities-fraud class action and an August 24 lead-plaintiff deadline. The claims concern alleged misrepresentations about customer retention and weakening business fundamentals; the allegations have not been proven. ZoomInfo Securities Class Action Deadline

ZoomInfo Technologies Stock Performance

NASDAQ GTM opened at $4.14 on Friday. The business's 50 day moving average price is $3.04 and its 200-day moving average price is $5.04. ZoomInfo Technologies Inc. has a fifty-two week low of $2.54 and a fifty-two week high of $12.51. The company has a market cap of $1.22 billion, a P/E ratio of -2.23, a P/E/G ratio of 0.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.69 and a current ratio of 0.69.

ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $310.40 million for the quarter. ZoomInfo Technologies had a negative net margin of 43.01% and a positive return on equity of 17.90%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. ZoomInfo Technologies has set its FY 2026 guidance at 1.120-1.130 EPS and its Q3 2026 guidance at 0.280-0.290 EPS. Sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.81 earnings per share for the current year.

Insider Activity at ZoomInfo Technologies

In related news, Director Domenic Maida purchased 27,500 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $3.60 per share, for a total transaction of $99,000.00. Following the completion of the acquisition, the director owned 66,342 shares in the company, valued at approximately $238,831.20. This trade represents a 70.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GTM shares. 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 report on Tuesday, May 12th. Bank of America reissued an "underperform" rating and issued a $4.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, May 19th. Mizuho restated an "underperform" rating and set a $3.00 price objective (down from $10.00) on shares of ZoomInfo Technologies in a research report on Wednesday, May 13th. Citizens Jmp dropped their target price on shares of ZoomInfo Technologies from $6.00 to $2.50 and set a "market underperform" rating for the company in a report on Tuesday, May 12th. Finally, Wells Fargo & Company cut their price target on ZoomInfo Technologies from $3.50 to $3.00 and set an "underweight" rating for the company in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Reduce" and an average target price of $5.90.

ZoomInfo Technologies 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.

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