ZoomInfo Technologies (NASDAQ:GTM) Stock Price Target Cut by Needham & Company LLC

ZoomInfo Technologies (NASDAQ:GTM) had its price target reduced by investment analysts at Needham & Company LLC from $15.00 to $8.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s price target points to a potential upside of 128.57% from the company’s current price.

Several other analysts have also recently commented on GTM. Piper Sandler upgraded shares of ZoomInfo Technologies from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $3.00 to $4.00 in a research note on Thursday. Citigroup raised their price objective on 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 reduced their target price on ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Wells Fargo & Company decreased their target price on ZoomInfo Technologies from $3.50 to $3.00 and set an “underweight” rating on the stock in a research report on Monday, July 20th. Finally, DA Davidson dropped their price target on ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $5.32.

ZoomInfo Technologies Price Performance

GTM traded up $0.02 during trading on Thursday, reaching $3.50. 9,791,806 shares of the company traded hands, compared to its average volume of 4,586,967. The company has a market cap of $1.02 billion, a P/E ratio of -1.78, a PEG ratio of 0.47 and a beta of 0.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.65 and a current ratio of 0.65. ZoomInfo Technologies has a 12-month low of $2.54 and a 12-month high of $10.78. The firm has a fifty day simple moving average of $3.99 and a 200 day simple moving average of $4.68.

ZoomInfo Technologies (NASDAQ:GTM) last released its earnings results on Wednesday, November 4th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.21 by $0.08. ZoomInfo Technologies had a negative net margin of 43.01% and a positive return on equity of 20.16%. The firm had revenue of $308.80 million for the quarter. During the same period last year, the firm posted $0.28 EPS. ZoomInfo Technologies’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that ZoomInfo Technologies will post 0.83 EPS for the current year.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CRO James Roth sold 20,773 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $3.70, for a total transaction of $76,860.10. Following the completion of the transaction, the executive owned 270,507 shares in the company, valued at $1,000,875.90. This trade represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 29,135 shares of company stock worth $109,908 over the last quarter. 9.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ZoomInfo Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its position in shares of 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 buying an additional 4,086 shares in the last quarter. GAMMA Investing LLC grew its position in ZoomInfo Technologies by 118.5% in the third quarter. GAMMA Investing LLC now owns 8,055 shares of the company’s stock worth $31,000 after acquiring an additional 4,369 shares in the last quarter. Simplicity Wealth LLC purchased a new position in ZoomInfo Technologies in the third quarter worth about $40,000. May Hill Capital LLC bought a new stake in ZoomInfo Technologies during the third quarter worth approximately $41,000. Finally, TSA Wealth Managment LLC bought a new stake in ZoomInfo Technologies during the third quarter worth approximately $45,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Key ZoomInfo Technologies News

Here are the key news stories impacting ZoomInfo Technologies this week:

• Positive Sentiment: ZoomInfo forecast 2026 unlevered free cash flow of $405 million to $425 million, alongside its GTM1 platform rollout and hybrid pricing strategy—potentially supporting its push toward larger customers. Article: ZoomInfo signals 2026 free cash flow amid GTM1 rollout and hybrid pricing
• Positive Sentiment: Piper Sandler upgraded the stock from underweight to neutral and raised its target from $3 to $4. Needham also kept a buy rating, despite cutting its target from $15 to $8. Article: Analysts revise forecasts on ZoomInfo after Q3 results
• Neutral Sentiment: Q3 adjusted EPS was $0.29. Reports differed on whether that beat or matched consensus; revenue was $308.8 million, down 2.9% from a year earlier. Article: ZoomInfo meets Q3 earnings estimates
• Negative Sentiment: RBC raised its target from $3 to $3.50 but maintained an underperform rating, indicating limited upside in its view. The year-over-year revenue decline also points to continued growth pressure. Article: ZoomInfo price target raised at Royal Bank of Canada

About ZoomInfo Technologies

ZoomInfo Technologies provides cloud-based go-to-market intelligence and sales-enablement software for businesses. Its platform helps organizations identify prospective customers, understand account and contact information, monitor business activity, and coordinate sales and marketing efforts. The company serves customers across a range of industries and geographies, primarily through subscription-based software services.

Its product portfolio has included SalesOS, MarketingOS, OperationsOS and related tools designed to support business-to-business prospecting, account-based marketing, data management and revenue operations.