Principal Financial Group Inc. Increases Holdings in ZoomInfo Technologies Inc. $GTM

Key Points

• Principal Financial Group more than doubled its ZoomInfo stake by 120.6% in the first quarter, adding 711,508 shares to own 1.30 million shares valued at approximately $7.8 million. Institutional investors collectively hold 95.47% of GTM’s outstanding stock.
• ZoomInfo reported first-quarter EPS of $0.28, beating estimates of $0.18, while revenue rose 1.5% year over year to $310.2 million. The stock opened at $2.92 and remains near its one-year low of $2.54.
• Analyst sentiment remains cautious: multiple firms cut their price targets, and the consensus rating is “Reduce” with a $5.93 target. Positive customer results and an insider purchase provide support, but an ongoing securities class action adds legal risk.

Principal Financial Group Inc. lifted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:GTM - Free Report) by 120.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,301,370 shares of the company's stock after purchasing an additional 711,508 shares during the period. Principal Financial Group Inc. owned about 0.43% of ZoomInfo Technologies worth $7,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTM. Global Retirement Partners LLC purchased a new stake in ZoomInfo Technologies during the fourth quarter worth about $26,000. Fifth Third Bancorp purchased a new position in ZoomInfo Technologies in the fourth quarter valued at about $29,000. Covestor Ltd bought a new position in shares of ZoomInfo Technologies during the 4th quarter valued at approximately $34,000. Allworth Financial LP bought a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at approximately $40,000. Finally, Parallel Advisors LLC purchased a new stake in shares of ZoomInfo Technologies during the 4th quarter worth approximately $40,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ZoomInfo Technologies

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

• Positive Sentiment: ZoomInfo spotlighted multiple customer wins showing its platform helped organizations save time, improve targeting, and generate revenue or donations, which supports the investment case for its AI GTM software. Phoenix Children's Foundation Halves Its Prospecting Time with ZoomInfo
• Positive Sentiment: Xactly said ZoomInfo data improved account scoring, with most wins and marketing-qualified leads coming from top-tier accounts, highlighting product effectiveness and potential customer retention benefits. Xactly Improved Account Scoring with ZoomInfo
• Positive Sentiment: Arena and other customers said ZoomInfo generated enough business impact to quickly cover contract costs or contribute meaningfully to recurring revenue, suggesting strong ROI for the platform. How Arena Covered Its Entire ZoomInfo Contract Cost in the First Month
• Negative Sentiment: Several law firms issued reminders and investor alerts tied to the ongoing securities class action against ZoomInfo, which keeps legal overhang and potential damages in focus for shareholders. Class Action Deadline Alert

ZoomInfo Technologies Stock Performance

NASDAQ:GTM opened at $2.92 on Monday. The company has a market cap of $860.58 million, a P/E ratio of 7.30, a P/E/G ratio of 0.55 and a beta of 0.87. The stock's fifty day moving average price is $3.06 and its two-hundred day moving average price is $5.46. ZoomInfo Technologies Inc. has a 1 year low of $2.54 and a 1 year high of $12.51. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.69 and a quick ratio of 0.69.

ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.10. ZoomInfo Technologies had a return on equity of 17.43% and a net margin of 10.10%.The firm had revenue of $310.20 million during the quarter. During the same period in the previous year, the business earned $0.23 earnings per share. ZoomInfo Technologies's revenue was up 1.5% on a year-over-year basis. ZoomInfo Technologies has set its FY 2026 guidance at 1.100-1.120 EPS and its Q2 2026 guidance at 0.260-0.280 EPS. As a group, analysts expect that ZoomInfo Technologies Inc. will post 0.81 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on GTM shares. Citizens Jmp dropped their price objective on ZoomInfo Technologies from $6.00 to $2.50 and set a "market underperform" rating on the stock in a research note on Tuesday, May 12th. DA Davidson dropped their price target on ZoomInfo Technologies from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 12th. Barclays dropped their price target on ZoomInfo Technologies from $8.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 13th. Stifel Nicolaus decreased their price objective on ZoomInfo Technologies from $4.00 to $3.50 and set a "hold" rating for the company in a report on Friday, July 10th. Finally, Mizuho restated an "underperform" rating and issued a $3.00 price objective (down from $10.00) on shares of ZoomInfo Technologies in a research note on Wednesday, May 13th. One equities 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $5.93.

Insider Buying and Selling

In related news, Director Domenic Maida purchased 27,500 shares of the firm'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 transaction, the director directly owned 66,342 shares in the company, valued at approximately $238,831.20. This represents a 70.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 9.90% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding GTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZoomInfo Technologies Inc. (NASDAQ:GTM - Free Report).

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.