Bank of America Corp DE Grows Holdings in ZoomInfo Technologies Inc. $GTM

Bank of America Corp DE lifted its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:GTM - Free Report) by 81.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,898,951 shares of the company's stock after buying an additional 850,386 shares during the quarter. Bank of America Corp DE owned approximately 0.62% of ZoomInfo Technologies worth $11,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GTM. Advisory Services Network LLC bought a new position in ZoomInfo Technologies during the 3rd quarter valued at $105,000. State of Alaska Department of Revenue acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at about $384,000. CWM LLC acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at about $1,587,000. Merit Financial Group LLC bought a new position in shares of ZoomInfo Technologies during the fourth quarter worth about $133,000. Finally, Krilogy Financial LLC acquired a new position in ZoomInfo Technologies in the fourth quarter worth about $209,000. Institutional investors own 95.47% of the company's stock.

Insider Buying and Selling at ZoomInfo Technologies

In other news, Director Domenic Maida acquired 27,500 shares of the business's stock in a transaction that occurred on 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 transaction, the director directly owned 66,342 shares in the company, valued at $238,831.20. This trade represents a 70.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on GTM shares. Wall Street Zen downgraded ZoomInfo Technologies from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Barclays lowered their price target on ZoomInfo Technologies from $8.00 to $5.00 and set an "equal weight" rating for the company in a report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price objective on ZoomInfo Technologies from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 12th. UBS Group decreased their price objective on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a "neutral" rating for the company in a report on Thursday, August 6th. Finally, Mizuho reiterated an "underperform" rating and set a $3.00 target price (down from $10.00) on shares of ZoomInfo Technologies in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, ZoomInfo Technologies currently has an average rating of "Reduce" and a consensus price target of $5.93.

More ZoomInfo Technologies News

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

• Positive Sentiment: Customer efficiency gains support ZoomInfo’s AI platform: Demodesk reported reducing sales-development representatives’ daily prospect-research time from two to three hours to 10–15 minutes using ZoomInfo. The case study reinforces the potential value of ZoomInfo’s all-in-one AI go-to-market platform, although it is not a new contract or financial guidance update. Demodesk Cut Daily Prospect Research From Hours to Minutes with ZoomInfo
• Neutral Sentiment: Multiple law firms are publicizing the same securities class action: Bronstein, Gewirtz & Grossman, Kaplan Fox, Pomerantz, Faruqi & Faruqi, DJS Law Group and others urged investors to participate or seek lead-plaintiff status by August 24, 2026. The lawsuit covers investors who acquired ZoomInfo securities from November 3, 2025, through May 11, 2026. These notices largely repeat previously reported allegations rather than represent separate lawsuits or new company disclosures. Bronstein Gewirtz Grossman ZoomInfo class action announcement
• Negative Sentiment: Litigation alleges inadequate risk disclosure and investor harm: The complaints contend that ZoomInfo used generic risk language while allegedly failing to disclose known threats to its legacy seat-based business and downmarket customer retention, even as executives projected confidence in 2026 growth. If the claims progress, GTM could face legal costs, management distraction, reputational damage and potential financial liability. The allegations have not been proven. SueWallSt ZoomInfo lawsuit allegations
• Negative Sentiment: Analyst sentiment remains cautious: ZoomInfo was reported to have an average analyst recommendation of “Reduce,” signaling limited confidence in the stock’s near-term risk/reward profile. ZoomInfo receives average Reduce recommendation

ZoomInfo Technologies Trading Up 2.3%

NASDAQ:GTM opened at $3.97 on Friday. The firm has a market capitalization of $1.16 billion, a P/E ratio of -2.13, a P/E/G ratio of 0.62 and a beta of 0.85. The business has a 50 day simple moving average of $3.25 and a 200 day simple moving average of $4.70. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.65 and a quick ratio of 0.65. ZoomInfo Technologies Inc. has a 12-month low of $2.54 and a 12-month high of $12.51.

ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. ZoomInfo Technologies had a positive return on equity of 20.16% and a negative net margin of 43.01%.The firm had revenue of $310.40 million for the quarter. During the same period in the prior year, the business earned $0.25 earnings per share. ZoomInfo Technologies's quarterly revenue was up 1.2% on a year-over-year basis. 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. Equities research analysts predict that ZoomInfo Technologies Inc. will post 0.84 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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