Piper Sandler Cuts ZoomInfo Technologies (NASDAQ:GTM) Price Target to $9.00

ZoomInfo Technologies (NASDAQ:GTM) had its price objective lowered by investment analysts at Piper Sandler from $12.00 to $9.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 15.24% from the stock’s current price.

Several other brokerages also recently weighed in on GTM. BTIG Research initiated coverage on shares of ZoomInfo Technologies in a research note on Wednesday, December 17th. They set a “buy” rating and a $13.00 target price for the company. KeyCorp raised ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research report on Monday, December 15th. Royal Bank Of Canada boosted their target price on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. UBS Group increased their price target on ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Barclays dropped their price objective on shares of ZoomInfo Technologies from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.34.

ZoomInfo Technologies Price Performance

GTM stock opened at $7.81 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $2.43 billion, a P/E ratio of 25.19, a PEG ratio of 1.26 and a beta of 1.06. The business has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $10.35. ZoomInfo Technologies has a twelve month low of $7.01 and a twelve month high of $12.63.

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

Institutional Trading of ZoomInfo Technologies

A number of institutional investors have recently added to or reduced their stakes in GTM. Fifth Third Bancorp purchased a new position in ZoomInfo Technologies in the fourth quarter valued at about $29,000. Allworth Financial LP purchased a new stake in shares of ZoomInfo Technologies during the 3rd quarter worth approximately $40,000. GAMMA Investing LLC acquired a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $47,000. DekaBank Deutsche Girozentrale purchased a new position in ZoomInfo Technologies in the 4th quarter valued at approximately $56,000. Finally, Strs Ohio acquired a new position in ZoomInfo Technologies during the fourth quarter worth $65,000. 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.