ZoomInfo Technologies Inc. $GTM Stake Decreased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its ZoomInfo stake by 86.8% in the third quarter, selling 901,415 shares and retaining 136,853 shares valued at approximately $519,000. Institutional investors and hedge funds collectively own 95.47% of the company.
• Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce”, based on one Buy, ten Hold, and seven Sell ratings, with an average price target of $5.93.
• ZoomInfo reported quarterly EPS of $0.28, exceeding estimates of $0.19, on revenue of $310.4 million, up 1.2% year over year. Shares opened at $4.35, while the company continues to carry a negative net margin of 43.01%.

Assenagon Asset Management S.A. cut its position in shares of ZoomInfo Technologies Inc. (NASDAQ:GTM - Free Report) by 86.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,853 shares of the company's stock after selling 901,415 shares during the quarter. Assenagon Asset Management S.A.'s holdings in ZoomInfo Technologies were worth $519,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. RPD Fund Management LLC lifted its stake in ZoomInfo Technologies by 78.6% during the first quarter. RPD Fund Management LLC now owns 17,199,109 shares of the company's stock worth $102,851,000 after purchasing an additional 7,570,791 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of ZoomInfo Technologies by 24.7% during the 1st 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 period. Quantinno Capital Management LP lifted its position in shares of ZoomInfo Technologies by 127.7% during the 1st quarter. Quantinno Capital Management LP now owns 4,144,952 shares of the company's stock worth $24,787,000 after buying an additional 2,324,381 shares during the period. Bank of America Corp DE boosted its stake in ZoomInfo Technologies by 81.1% in the 1st quarter. Bank of America Corp DE now owns 1,898,951 shares of the company's stock valued at $11,356,000 after buying an additional 850,386 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in ZoomInfo Technologies by 120.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,301,370 shares of the company's stock valued at $7,782,000 after buying an additional 711,508 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ZoomInfo Technologies

In related news, CRO James Roth sold 20,773 shares of the business's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $3.70, for a total value of $76,860.10. Following the sale, the executive directly owned 270,507 shares of the company's stock, valued at approximately $1,000,875.90. The trade was a 7.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,362 shares of company stock worth $106,623 in the last quarter. Company insiders own 9.90% of the company's stock.

Analyst Upgrades and Downgrades

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

ZoomInfo Technologies Stock Up 0.9%

NASDAQ:GTM opened at $4.35 on Friday. ZoomInfo Technologies Inc. has a 1 year low of $2.54 and a 1 year high of $12.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.52. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 5.13, a PEG ratio of 0.67 and a beta of 0.87. The stock has a 50-day moving average price of $3.93 and a two-hundred day moving average price of $3.96.

ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. The firm 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 20.16%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts expect that ZoomInfo Technologies Inc. will post 0.83 earnings per share for the current year.

About ZoomInfo Technologies

ZoomInfo Technologies provides cloud-based go-to-market intelligence and sales-enablement software for businesses. Its platform helps organizations identify prospective customers, understand account and contact information, monitor business activity, and coordinate sales and marketing efforts. The company serves customers across a range of industries and geographies, primarily through subscription-based software services.

Its product portfolio has included SalesOS, MarketingOS, OperationsOS and related tools designed to support business-to-business prospecting, account-based marketing, data management and revenue operations.

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