Zoominfo Technologies Receives A+ EPS Revision Grade Amid Analyst Upgrades
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
0mins
Should l Buy GTM?
Source: Benzinga
Zoominfo Technologies Inc (GTM) has seen a significant price drop of 9.60%, hitting a 20-day low.
The recent earnings upgrades for communication services companies, including Zoominfo Technologies, indicate a positive shift in analysts' outlook, with the company receiving an A+ EPS Revision Grade. This suggests that despite the current price decline, there is growing market confidence in its future performance, likely attracting increased investor interest.
The positive revisions in earnings expectations reflect a broader trend within the communication services sector, which may present investment opportunities as analysts remain optimistic about the profitability and growth potential of these firms.
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Analyst Views on GTM
Wall Street analysts forecast GTM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GTM is 12.13 USD with a low forecast of 8.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
3 Buy
7 Hold
4 Sell
Hold
Current: 6.780
Low
8.00
Averages
12.13
High
15.00
Current: 6.780
Low
8.00
Averages
12.13
High
15.00
About GTM
ZoomInfo Technologies Inc. provides a go-to-market intelligence and engagement platform for sales, marketing, operations, and recruiting professionals. Its cloud-based platform provides workflow tools with integrated and comprehensive information on organizations and professionals to help users identify target customers and decision makers. Its cloud-based operating system for revenue professionals delivers comprehensive intelligence and analytics to provide sales, marketing, operations, and recruiting professionals accurate information and insights on the organizations and professionals they target. It delivers intelligence at scale by leveraging an AI and ML-powered engine that gathers data from millions of sources and standardizes, matches to entities, verifies, cleans, and applies the processed data to companies and people at scale. The Company aggregates and extracts distinct types of data, such as revenue, locations, technologies, keywords, contact information, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ZoomInfo Scheduled to Announce Q4 Earnings on February 9
- Earnings Announcement: ZoomInfo (GTM) is set to release its Q4 earnings on February 9 after market close, with consensus EPS estimate at $0.28 and revenue at $309.27 million, reflecting a modest 0.1% year-over-year growth, which will provide crucial insights into the company's financial health.
- Strong Performance Expectations: Over the past two years, GTM has exceeded EPS and revenue estimates 88% of the time, demonstrating its consistent profitability and market adaptability, which enhances investor confidence in its future performance.
- Upward Revisions: In the last three months, EPS estimates have seen 21 upward revisions with no downward adjustments, and revenue estimates have also been revised upward 19 times, indicating analysts' optimistic outlook on ZoomInfo's growth prospects, potentially driving stock price increases.
- Positive Market Response: With ZoomInfo showcasing its technological capabilities at various investor conferences, the market is optimistic about its future, particularly regarding ongoing investments in technology and AI, which may open new avenues for growth.
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Attraction of Profitable Stocks: As a result of these concerns, stocks with genuine earnings are becoming more appealing to investors.
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Investigation into ZoomInfo Directors' Fiduciary Duties
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of ZoomInfo Technologies Inc. breached their fiduciary duties to shareholders, potentially impacting corporate governance and shareholder rights.
- Legal Relief Options: Long-term shareholders of ZoomInfo may seek corporate governance reforms, return of funds, or court-approved financial awards, thereby improving management and transparency within the company.
- Importance of Participation: Shareholder involvement can drive improvements in company policies and oversight mechanisms, enhancing transparency and accountability, which in turn can increase shareholder value and promote long-term corporate growth.
- Legal Fee Arrangement: Halper Sadeh LLC will handle the case on a contingency fee basis, meaning shareholders will not be responsible for out-of-pocket legal fees or expenses, reducing the financial burden of participation.
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ZoomInfo Technologies (GTM) Shares Oversold with RSI at 28.6
- Oversold Signal: ZoomInfo Technologies (GTM) shares fell to $8.825 on Tuesday, with an RSI of 28.6, indicating that the recent heavy selling may be nearing exhaustion, thus presenting potential buying opportunities for investors.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 39.2, GTM's oversold condition may attract bullish investors looking for entry points to capitalize on a possible rebound.
- Historical Performance: GTM's 52-week low is $7.01 and high is $12.63, with the last trade at $8.79, reflecting the stock's performance within its volatility range, which could influence investor decisions.
- Investor Sentiment: Despite the current oversold status, investors should cautiously assess market sentiment and fundamentals to determine whether to engage at this time, avoiding potential risks.
See More
ZoomInfo Technologies Faces Investigation After $33M Charge and $65M Revenue Guidance Cut
- Financial Loss Disclosure: ZoomInfo reported a $33 million charge in its Q2 2024 results due to customer non-payments, directly impacting the company's financial stability and forcing it to implement a new business risk model to mitigate write-offs.
- Revenue Guidance Cut: The company lowered its annual revenue guidance by $65 million, adjusting the range from $1.255 billion to $1.27 billion down to $1.19 billion to $1.205 billion, reflecting a pessimistic outlook that could undermine investor confidence.
- Legal Litigation Risk: ZoomInfo and its executives are facing a securities class action lawsuit for failing to disclose material information, with the court partially denying the company's motion to dismiss, allowing the case to proceed and increasing legal risks and potential liabilities for the company.
- Investigation Initiated: Kahn Swick & Foti has commenced an investigation into ZoomInfo, focusing on whether its officers breached fiduciary duties to shareholders, which could lead to significant legal and financial repercussions if the findings are unfavorable.
See More
Analysts Upgrade Earnings Outlook for Communication Services, Angel Studios and Others Rated A+
- Earnings Upgrades: As earnings season approaches, analysts have positively revised earnings expectations for communication services companies, with Angel Studios (ANGX) receiving an A+ EPS Revision Grade, indicating growing market confidence in its near-term performance.
- Strong Small-Cap Performance: EverQuote (EVER), Grindr (GRND), and ZoomInfo Technologies (GTM) also achieved A+ EPS Revision Grades, suggesting that these mid- and small-cap communication services firms possess robust growth potential, likely attracting increased investor interest.
- Increased Market Confidence: IHS Holding (IHS), JOYY (JOYY), and Manchester United (MANU) also received A+ EPS Revision Grades, reflecting analysts' optimistic outlook on their profitability and market performance, which may drive their stock prices higher.
- Positive Industry Outlook: Turkcell Iletisim Hizmetleri (TKC), Uniti Group (UNIT), and Anterix (ATEX) also excelled in EPS Revision Grades, highlighting the growth potential within the communication services sector, presenting investment opportunities for investors to consider.
See More
ZoomInfo Scheduled to Announce Q4 Earnings on February 9
- Earnings Announcement: ZoomInfo (GTM) is set to release its Q4 earnings on February 9 after market close, with consensus EPS estimate at $0.28 and revenue at $309.27 million, reflecting a modest 0.1% year-over-year growth, which will provide crucial insights into the company's financial health.
- Strong Performance Expectations: Over the past two years, GTM has exceeded EPS and revenue estimates 88% of the time, demonstrating its consistent profitability and market adaptability, which enhances investor confidence in its future performance.
- Upward Revisions: In the last three months, EPS estimates have seen 21 upward revisions with no downward adjustments, and revenue estimates have also been revised upward 19 times, indicating analysts' optimistic outlook on ZoomInfo's growth prospects, potentially driving stock price increases.
- Positive Market Response: With ZoomInfo showcasing its technological capabilities at various investor conferences, the market is optimistic about its future, particularly regarding ongoing investments in technology and AI, which may open new avenues for growth.
See More
8 Affordable and Profitable Software Stocks Worth Investing In.
Concerns about Software Companies: There are growing worries regarding the profitability of software companies, prompting a reevaluation of their financial health.
Attraction of Profitable Stocks: As a result of these concerns, stocks with genuine earnings are becoming more appealing to investors.
See More
Investigation into ZoomInfo Directors' Fiduciary Duties
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of ZoomInfo Technologies Inc. breached their fiduciary duties to shareholders, potentially impacting corporate governance and shareholder rights.
- Legal Relief Options: Long-term shareholders of ZoomInfo may seek corporate governance reforms, return of funds, or court-approved financial awards, thereby improving management and transparency within the company.
- Importance of Participation: Shareholder involvement can drive improvements in company policies and oversight mechanisms, enhancing transparency and accountability, which in turn can increase shareholder value and promote long-term corporate growth.
- Legal Fee Arrangement: Halper Sadeh LLC will handle the case on a contingency fee basis, meaning shareholders will not be responsible for out-of-pocket legal fees or expenses, reducing the financial burden of participation.
See More
ZoomInfo Technologies (GTM) Shares Oversold with RSI at 28.6
- Oversold Signal: ZoomInfo Technologies (GTM) shares fell to $8.825 on Tuesday, with an RSI of 28.6, indicating that the recent heavy selling may be nearing exhaustion, thus presenting potential buying opportunities for investors.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 39.2, GTM's oversold condition may attract bullish investors looking for entry points to capitalize on a possible rebound.
- Historical Performance: GTM's 52-week low is $7.01 and high is $12.63, with the last trade at $8.79, reflecting the stock's performance within its volatility range, which could influence investor decisions.
- Investor Sentiment: Despite the current oversold status, investors should cautiously assess market sentiment and fundamentals to determine whether to engage at this time, avoiding potential risks.
See More
ZoomInfo Technologies Faces Investigation After $33M Charge and $65M Revenue Guidance Cut
- Financial Loss Disclosure: ZoomInfo reported a $33 million charge in its Q2 2024 results due to customer non-payments, directly impacting the company's financial stability and forcing it to implement a new business risk model to mitigate write-offs.
- Revenue Guidance Cut: The company lowered its annual revenue guidance by $65 million, adjusting the range from $1.255 billion to $1.27 billion down to $1.19 billion to $1.205 billion, reflecting a pessimistic outlook that could undermine investor confidence.
- Legal Litigation Risk: ZoomInfo and its executives are facing a securities class action lawsuit for failing to disclose material information, with the court partially denying the company's motion to dismiss, allowing the case to proceed and increasing legal risks and potential liabilities for the company.
- Investigation Initiated: Kahn Swick & Foti has commenced an investigation into ZoomInfo, focusing on whether its officers breached fiduciary duties to shareholders, which could lead to significant legal and financial repercussions if the findings are unfavorable.
See More
Analysts Upgrade Earnings Outlook for Communication Services, Angel Studios and Others Rated A+
- Earnings Upgrades: As earnings season approaches, analysts have positively revised earnings expectations for communication services companies, with Angel Studios (ANGX) receiving an A+ EPS Revision Grade, indicating growing market confidence in its near-term performance.
- Strong Small-Cap Performance: EverQuote (EVER), Grindr (GRND), and ZoomInfo Technologies (GTM) also achieved A+ EPS Revision Grades, suggesting that these mid- and small-cap communication services firms possess robust growth potential, likely attracting increased investor interest.
- Increased Market Confidence: IHS Holding (IHS), JOYY (JOYY), and Manchester United (MANU) also received A+ EPS Revision Grades, reflecting analysts' optimistic outlook on their profitability and market performance, which may drive their stock prices higher.
- Positive Industry Outlook: Turkcell Iletisim Hizmetleri (TKC), Uniti Group (UNIT), and Anterix (ATEX) also excelled in EPS Revision Grades, highlighting the growth potential within the communication services sector, presenting investment opportunities for investors to consider.
See More
