Squarepoint Ops LLC Sells 914,264 Shares of ZoomInfo Technologies Inc. $GTM

Key Points

• Squarepoint Ops LLC reduced its ZoomInfo Technologies stake by 88.1% in the second quarter, selling 914,264 shares and retaining 123,628 shares worth approximately $362,000.
• Institutional ownership remains high at 95.47%, with several major investors—including RPD Fund Management, Dimensional Fund Advisors, and Quantinno Capital Management—substantially increasing their positions.
• Analyst sentiment is mostly cautious: the stock has a consensus “Reduce” rating and a $5.93 target price. ZoomInfo recently beat quarterly EPS estimates, reporting $0.28 versus the $0.19 consensus, while revenue rose 1.2% year over year to $310.4 million.

Squarepoint Ops LLC cut its stake in ZoomInfo Technologies Inc. (NASDAQ:GTM - Free Report) by 88.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,628 shares of the company's stock after selling 914,264 shares during the quarter. Squarepoint Ops LLC's holdings in ZoomInfo Technologies were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sachem Head Capital Management LP acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $150,465,000. RPD Fund Management LLC lifted its position in shares of ZoomInfo Technologies by 78.6% in the first quarter. RPD Fund Management LLC now owns 17,199,109 shares of the company's stock valued at $102,851,000 after acquiring an additional 7,570,791 shares in the last quarter. Norges Bank purchased a new position in shares of ZoomInfo Technologies in the fourth quarter worth about $31,428,000. Dimensional Fund Advisors LP boosted its stake in ZoomInfo Technologies by 24.7% during the first quarter. Dimensional Fund Advisors LP now owns 15,100,675 shares of the company's stock worth $90,302,000 after buying an additional 2,992,276 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of ZoomInfo Technologies by 127.7% in the 1st quarter. Quantinno Capital Management LP now owns 4,144,952 shares of the company's stock valued at $24,787,000 after buying an additional 2,324,381 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GTM shares. Wells Fargo & Company lowered their price objective on shares of ZoomInfo Technologies from $3.50 to $3.00 and set an "underweight" rating for the company in a research report on Monday, July 20th. DA Davidson cut their target price on ZoomInfo Technologies from $5.00 to $4.50 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Stifel Nicolaus upped their price objective on ZoomInfo Technologies from $3.50 to $4.00 and gave the company a "hold" rating in a research note on Thursday, August 6th. Citigroup lifted their price target on ZoomInfo Technologies from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Friday, August 7th. Finally, UBS Group dropped their price target on ZoomInfo Technologies from $5.00 to $4.50 and set a "neutral" rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of "Reduce" and a consensus target price of $5.93.

ZoomInfo Technologies Trading Down 0.5%

NASDAQ GTM opened at $3.88 on Wednesday. The company's 50 day moving average price is $3.75 and its 200 day moving average price is $4.29. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -2.09, a PEG ratio of 0.61 and a beta of 0.85. ZoomInfo Technologies Inc. has a one year low of $2.54 and a one year high of $12.31. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.65 and a current ratio of 0.65.

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. The company had revenue of $310.40 million during the quarter. ZoomInfo Technologies had a positive return on equity of 20.16% and a negative net margin of 43.01%.ZoomInfo Technologies's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, sell-side analysts predict that ZoomInfo Technologies Inc. will post 0.83 EPS for the current year.

ZoomInfo Technologies Profile

ZoomInfo Technologies, Inc provides go-to-market intelligence and sales and marketing software for businesses. Its platform helps organizations identify prospective customers, research companies and decision-makers, manage contact and account data, and prioritize opportunities across the sales and marketing process.

The company's products include business-to-business contact and company intelligence, workflow and automation tools, sales engagement capabilities, and conversation and revenue intelligence solutions.

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.