ZoomInfo Technologies Inc. (NASDAQ:GTM – Get Free Report) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 31,112,732 shares, a decrease of 13.3% from the February 12th total of 35,887,279 shares. Approximately 11.2% of the shares of the stock are sold short. Based on an average daily volume of 9,758,759 shares, the short-interest ratio is currently 3.2 days. Based on an average daily volume of 9,758,759 shares, the short-interest ratio is currently 3.2 days. Approximately 11.2% of the shares of the stock are sold short.
Hedge Funds Weigh In On ZoomInfo Technologies
Several hedge funds have recently added to or reduced their stakes in GTM. Vanguard Group Inc. bought a new position in ZoomInfo Technologies during the fourth quarter worth about $255,416,000. Sachem Head Capital Management LP acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth about $150,465,000. Dimensional Fund Advisors LP bought a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at about $123,138,000. LSV Asset Management bought a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at about $103,545,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $74,670,000. Institutional investors and hedge funds own 95.47% of the company’s stock.
ZoomInfo Technologies Price Performance
GTM opened at $5.89 on Thursday. The company has a fifty day moving average price of $7.40 and a two-hundred day moving average price of $9.43. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 0.72. ZoomInfo Technologies has a 52 week low of $5.74 and a 52 week high of $12.51. The firm has a market capitalization of $1.80 billion, a PE ratio of 15.50, a P/E/G ratio of 1.64 and a beta of 1.09.
Analysts Set New Price Targets
A number of research analysts recently issued reports on GTM shares. Royal Bank Of Canada cut their price target on ZoomInfo Technologies from $8.00 to $7.00 and set an “underperform” rating for the company in a report on Tuesday, February 10th. BTIG Research began coverage on shares of ZoomInfo Technologies in a research report on Wednesday, December 17th. They issued a “buy” rating and a $13.00 price objective for the company. Morgan Stanley dropped their target price on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 10th. Barclays reduced their target price on shares of ZoomInfo Technologies from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Finally, UBS Group decreased their price target on shares of ZoomInfo Technologies from $13.00 to $8.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.25.
Read Our Latest Stock Report on ZoomInfo Technologies
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.
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