Zurcher Kantonalbank Zurich Cantonalbank bought a new position in ZoomInfo Technologies Inc. (NASDAQ:GTM – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 83,414 shares of the company’s stock, valued at approximately $848,000.
Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP bought a new position in ZoomInfo Technologies in the 3rd quarter worth about $40,000. GAMMA Investing LLC bought a new position in ZoomInfo Technologies in the 4th quarter worth about $47,000. EMC Capital Management bought a new position in ZoomInfo Technologies in the 3rd quarter worth about $76,000. True Wealth Design LLC bought a new position in ZoomInfo Technologies in the 4th quarter worth about $74,000. Finally, Advisory Services Network LLC bought a new position in ZoomInfo Technologies in the 3rd quarter worth about $105,000. 95.47% of the stock is currently owned by institutional investors.
ZoomInfo Technologies Trading Up 6.4%
NASDAQ:GTM opened at $6.65 on Friday. ZoomInfo Technologies Inc. has a 52 week low of $5.15 and a 52 week high of $12.51. The firm has a 50 day moving average of $6.03 and a 200 day moving average of $8.34. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.75 and a beta of 1.04.
Insider Buying and Selling
In related news, General Counsel Ashley Mcgrane sold 6,959 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total transaction of $40,849.33. Following the completion of the sale, the general counsel owned 76,872 shares of the company’s stock, valued at $451,238.64. This represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO James M. Roth sold 35,723 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total transaction of $209,694.01. Following the sale, the executive directly owned 139,795 shares of the company’s stock, valued at $820,596.65. The trade was a 20.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,727 shares of company stock valued at $262,834 in the last three months. 9.90% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on GTM shares. Wall Street Zen downgraded shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating in a research note on Monday, April 13th. DA Davidson lowered their price target on shares of ZoomInfo Technologies from $13.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. UBS Group lowered their price target on shares of ZoomInfo Technologies from $13.00 to $8.50 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. Morgan Stanley lowered their price target on shares of ZoomInfo Technologies from $13.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 10th. Finally, Jefferies Financial Group lowered their price target on shares of ZoomInfo Technologies from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.05.
View Our Latest Research Report on ZoomInfo Technologies
About ZoomInfo Technologies
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.
See Also
Want to see what other hedge funds are holding GTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZoomInfo Technologies Inc. (NASDAQ:GTM – Free Report).
Receive News & Ratings for ZoomInfo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZoomInfo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
