Traders Buy High Volume of Call Options on ZoomInfo Technologies (NASDAQ:GTM)

Key Points

• Unusual options activity: Traders purchased 12,507 ZoomInfo Technologies call options, roughly 178% above the typical volume of 4,500 contracts.
• Analyst sentiment remains cautious: The stock has a consensus “Reduce” rating from analysts, with one Buy, ten Hold, and seven Sell ratings; the consensus price target is $5.93.
• Shares and fundamentals: GTM fell $0.14 to $3.88, while its latest quarterly earnings of $0.28 per share exceeded estimates of $0.19. Revenue rose 1.2% year over year to $310.4 million, although the company reported a negative net margin.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) was the target of some unusual options trading activity on Friday. Traders purchased 12,507 call options on the stock. This is an increase of approximately 178% compared to the typical volume of 4,500 call options.

Hedge Funds Weigh In On ZoomInfo Technologies

A number of hedge funds have recently modified their holdings of the company. Covestor Ltd purchased a new position in ZoomInfo Technologies during the fourth quarter worth $34,000. Parallel Advisors LLC increased its position in ZoomInfo Technologies by 105.1% during the 1st quarter. Parallel Advisors LLC now owns 7,975 shares of the company's stock valued at $48,000 after purchasing an additional 4,086 shares during the period. Pictet Asset Management Holding SA boosted its stake in ZoomInfo Technologies by 13.3% in the first quarter. Pictet Asset Management Holding SA now owns 44,184 shares of the company's stock valued at $264,000 after acquiring an additional 5,203 shares in the last quarter. HB Wealth Management LLC lifted its position in ZoomInfo Technologies by 39.5% during the 2nd quarter. HB Wealth Management LLC now owns 18,627 shares of the company's stock worth $55,000 after acquiring an additional 5,279 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in ZoomInfo Technologies by 27.4% in the first quarter. Sequoia Financial Advisors LLC now owns 25,849 shares of the company's stock valued at $155,000 after purchasing an additional 5,561 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on GTM. UBS Group dropped 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 report on Thursday, August 6th. Citigroup boosted their price objective on ZoomInfo Technologies from $2.00 to $2.50 and gave the stock a "sell" rating in a research report on Friday, August 7th. Stifel Nicolaus raised their target price on ZoomInfo Technologies from $3.50 to $4.00 and gave the company a "hold" rating in a research report on Thursday, August 6th. Wells Fargo & Company cut their price target on shares of ZoomInfo Technologies from $3.50 to $3.00 and set an "underweight" rating on the stock in a report on Monday, July 20th. Finally, DA Davidson reduced their price target on shares of 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 equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $5.93.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:GTM traded down $0.14 during trading on Friday, reaching $3.88. The company had a trading volume of 1,073,776 shares, compared to its average volume of 9,639,643. ZoomInfo Technologies has a 12 month low of $2.54 and a 12 month 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 capitalization of $1.13 billion, a P/E ratio of -2.08, a price-to-earnings-growth ratio of 0.64 and a beta of 0.85. The company has a fifty day moving average of $3.70 and a two-hundred day moving average of $4.34.

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, beating 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%.The company's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. 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 forecast that ZoomInfo Technologies will post 0.83 earnings per share for the current year.

About ZoomInfo Technologies

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.

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