ZoomInfo Technologies (NASDAQ:GTM) Trading 9.3% Higher - Time to Buy?

Key Points

• ZoomInfo shares climbed 9.3% to about $4.15 in midday trading, although volume was 72% below the average session level.
• Analyst sentiment remains weak: the stock has a consensus rating of “Reduce”, with 17 analysts rating it Hold or Sell and an average price target of $5.93.
• The company beat quarterly EPS expectations, reporting $0.28 versus the $0.19 consensus estimate on revenue of $310.4 million, but it still posted a 43.01% negative net margin and maintains a debt-to-equity ratio of 1.52.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report)'s share price rose 9.3% during mid-day trading on Monday . The stock traded as high as $4.11 and last traded at $4.1530. 2,717,783 shares were traded during trading, a decline of 72% from the average session volume of 9,744,281 shares. The stock had previously closed at $3.80.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GTM shares. Citigroup boosted their price objective on shares of ZoomInfo Technologies from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Friday, August 7th. UBS Group cut their price target on ZoomInfo Technologies from $5.00 to $4.50 and set a "neutral" rating for the company in a report on Thursday, August 6th. Wells Fargo & Company reduced their price target on ZoomInfo Technologies from $3.50 to $3.00 and set an "underweight" rating on the stock in a research note on Monday, July 20th. Bank of America restated an "underperform" rating and set a $4.00 price objective on shares of ZoomInfo Technologies in a report on Tuesday, May 19th. Finally, Jefferies Financial Group downgraded 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 research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $5.93.

ZoomInfo Technologies Trading Up 9.1%

The business's fifty day moving average is $3.61 and its 200-day moving average is $4.40. The stock has a market capitalization of $1.21 billion, a PE ratio of -2.22, a P/E/G ratio of 0.59 and a beta of 0.85. 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 issued its quarterly 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. The firm had revenue of $310.40 million during the quarter. ZoomInfo Technologies had a negative net margin of 43.01% and a positive return on equity of 20.16%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company 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, analysts anticipate that ZoomInfo Technologies Inc. will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GTM. Global Retirement Partners LLC purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth about $26,000. Covestor Ltd purchased a new stake in shares of ZoomInfo Technologies during the 4th quarter worth about $34,000. Wedmont Private Capital purchased a new position in ZoomInfo Technologies in the second quarter valued at approximately $36,000. Waverly Advisors LLC acquired a new position in ZoomInfo Technologies during the second quarter valued at approximately $38,000. Finally, IFP Advisors Inc lifted its position in ZoomInfo Technologies by 269.8% during the second quarter. IFP Advisors Inc now owns 13,364 shares of the company's stock valued at $39,000 after buying an additional 9,750 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

ZoomInfo Technologies Company 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.

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