Brokerages Set ZoomInfo Technologies Inc. (NASDAQ:GTM) Price Target at $5.93

ZoomInfo Technologies Inc. (NASDAQ:GTM) has received an average recommendation of “Reduce” from the eighteen research firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $5.9278.

Several research analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on ZoomInfo Technologies from $3.50 to $3.00 and set an “underweight” rating for the company 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 research note on Tuesday, May 19th. Citigroup upped their price objective on shares of ZoomInfo Technologies from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Friday, August 7th. DA Davidson lowered their target price on shares of ZoomInfo Technologies from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Stifel Nicolaus raised their target price on shares of ZoomInfo Technologies from $3.50 to $4.00 and gave the company a “hold” rating in a research note on Thursday, August 6th.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ GTM opened at $4.20 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.52. The stock has a 50 day simple moving average of $3.65 and a 200-day simple moving average of $4.38. The company has a market cap of $1.22 billion, a PE ratio of -2.26, a P/E/G ratio of 0.65 and a beta of 0.85. ZoomInfo Technologies has a 12-month low of $2.54 and a 12-month high of $12.39.

ZoomInfo Technologies (NASDAQ:GTM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $310.40 million during the quarter. ZoomInfo Technologies had a positive return on equity of 20.16% and a negative net margin of 43.01%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. 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. On average, equities research analysts forecast that ZoomInfo Technologies will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GTM. Sequoia Financial Advisors LLC grew its stake in shares of ZoomInfo Technologies by 200.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 77,636 shares of the company’s stock worth $227,000 after purchasing an additional 51,787 shares during the last quarter. Engineers Gate Manager LP lifted its stake in ZoomInfo Technologies by 520.9% during the second quarter. Engineers Gate Manager LP now owns 245,525 shares of the company’s stock valued at $719,000 after purchasing an additional 205,984 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in ZoomInfo Technologies by 120.5% during the second quarter. Integrated Wealth Concepts LLC now owns 74,340 shares of the company’s stock valued at $218,000 after purchasing an additional 40,629 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in ZoomInfo Technologies by 7,366.7% during the second quarter. NewEdge Advisors LLC now owns 13,440 shares of the company’s stock worth $39,000 after buying an additional 13,260 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in ZoomInfo Technologies by 269.8% during the second quarter. IFP Advisors Inc now owns 13,364 shares of the company’s stock worth $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.

About ZoomInfo Technologies

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.