ZoomInfo Technologies Inc. $GTM Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its ZoomInfo stake by 32.5% in the second quarter, selling 500,585 shares and retaining 1.04 million shares. Institutional investors still own approximately 95.47% of the company.
• ZoomInfo reported quarterly EPS of $0.28, exceeding the $0.19 consensus estimate, while revenue rose 1.2% year over year to $310.4 million. The stock opened at $4.31, up 11.7%, but remains well below its 52-week high of $12.51.
• Analyst sentiment remains cautious: the stock carries a “Reduce” consensus rating, with one Buy, ten Holds and seven Sells, and an average price target of $5.93. Recent analysts have downgraded the shares and lowered targets amid concerns about growth and the company’s transition to new pricing and AI products.

Assenagon Asset Management S.A. reduced its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:GTM - Free Report) by 32.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,038,268 shares of the company's stock after selling 500,585 shares during the quarter. Assenagon Asset Management S.A. owned about 0.35% of ZoomInfo Technologies worth $3,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sachem Head Capital Management LP acquired a new stake in shares of ZoomInfo Technologies during the fourth quarter worth $150,465,000. Legal & General Group Plc purchased a new position in ZoomInfo Technologies in the 4th quarter valued at $4,091,000. Jupiter Asset Management Ltd. acquired a new position in ZoomInfo Technologies in the 4th quarter valued at $9,566,000. Amundi increased its stake in ZoomInfo Technologies by 724.9% in the 1st quarter. Amundi now owns 667,967 shares of the company's stock valued at $3,994,000 after buying an additional 586,991 shares during the period. Finally, Norges Bank purchased a new position in ZoomInfo Technologies during the 4th quarter worth $31,428,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Up 11.7%

GTM opened at $4.31 on Friday. The firm has a market cap of $1.27 billion, a P/E ratio of -2.32, a PEG ratio of 0.62 and a beta of 0.85. The business's fifty day simple moving average is $3.12 and its 200 day simple moving average is $4.87. ZoomInfo Technologies Inc. has a 52 week low of $2.54 and a 52 week high of $12.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.52.

ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. ZoomInfo Technologies had a negative net margin of 43.01% and a positive return on equity of 20.16%. The firm had revenue of $310.40 million during the quarter. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm's 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. As a group, equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.82 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America reissued an "underperform" rating and set a $4.00 price target on shares of ZoomInfo Technologies in a report on Tuesday, May 19th. Jefferies Financial Group lowered ZoomInfo Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $12.00 to $4.00 in a report on Thursday, May 21st. Mizuho reiterated an "underperform" rating and set a $3.00 target price (down from $10.00) on shares of ZoomInfo Technologies in a research report on Wednesday, May 13th. Wells Fargo & Company cut their target price 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. Finally, Canaccord Genuity Group cut ZoomInfo Technologies from a "buy" rating to a "hold" rating and reduced their price target for the company from $12.00 to $5.00 in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the company's stock. Based on data from MarketBeat.com, ZoomInfo Technologies presently has an average rating of "Reduce" and an average target price of $5.93.

Insider Activity at ZoomInfo Technologies

In related news, Director Domenic Maida bought 27,500 shares of the firm's stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $3.60 per share, with a total value of $99,000.00. Following the completion of the transaction, the director directly owned 66,342 shares of the company's stock, valued at approximately $238,831.20. This represents a 70.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.90% of the stock is currently owned by corporate insiders.

Key Stories Impacting ZoomInfo Technologies

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

• Positive Sentiment: Customer results highlight ZoomInfo’s sales and marketing effectiveness. Prodoscore reported a 15% increase in email open rates after adopting ZoomInfo’s data, while Kronologic cited increased opportunities and pipeline alongside a shorter sales cycle. Prodoscore customer results Kronologic customer results
• Positive Sentiment: Alchemy Cloud reported substantially improved campaign economics. The company said its average click-through rate increased roughly fivefold across market segments while cost per click fell 24%, offering evidence that ZoomInfo can generate measurable returns for customers. Alchemy Cloud customer results
• Neutral Sentiment: Analyst opinion remains cautious. D.A. Davidson and Stifel Nicolaus maintained Hold ratings, while RBC Capital issued a Sell rating. The ratings suggest limited confidence in a near-term recovery despite the recent rebound. RBC Capital rating
• Negative Sentiment: Multiple law firms reiterated securities-class-action notices. The litigation concerns alleged disclosures about customer migration to consumption-based pricing, weakening downmarket demand, legacy seat-based subscription retention, and the transition to AI products. The August 24 deadline for investors to seek lead-plaintiff status could keep legal and reputational risks in focus. ZoomInfo securities litigation notice

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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