ZoomInfo Technologies (NASDAQ:GTM) Upgraded at Piper Sandler

ZoomInfo Technologies (NASDAQ:GTM) was upgraded by equities researchers at Piper Sandler to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. KeyCorp upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday, December 15th. UBS Group raised their target price on ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Citigroup upped their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group lifted their price objective on ZoomInfo Technologies from $9.40 to $10.70 and gave the stock a “sell” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.39.

ZoomInfo Technologies Price Performance

GTM opened at $6.87 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s 50 day simple moving average is $9.62 and its 200 day simple moving average is $10.30. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.09 and a beta of 1.07. ZoomInfo Technologies has a 1 year low of $6.67 and a 1 year high of $12.63.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. ZoomInfo Technologies had a return on equity of 14.55% and a net margin of 8.40%.The firm had revenue of $318.00 million during the quarter, compared to analyst estimates of $303.86 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $255,416,000. JPMorgan Chase & Co. bought a new position in ZoomInfo Technologies in the third quarter worth $74,670,000. Retirement Systems of Alabama purchased a new position in ZoomInfo Technologies during the fourth quarter valued at $14,412,000. Robeco Institutional Asset Management B.V. purchased a new position in ZoomInfo Technologies during the fourth quarter valued at $7,100,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of ZoomInfo Technologies in the 4th quarter worth about $5,799,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Company 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.