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VANCOUVER, Wash. - ZoomInfo (NASDAQ:GTM), a $3.63 billion market cap company with impressive gross profit margins of 88%, announced Thursday it is adding API Access to all ZoomInfo Copilot plans, enabling customers to utilize the company’s market intelligence data across partner applications.
The expanded API access will allow customers to connect ZoomInfo’s data with integrated software vendor (ISV) partners, including Salesloft and Outreach. This integration aims to help users discover contacts missing from their CRM systems and verify contact information such as email addresses and phone numbers. According to InvestingPro data, the company generates over $1.2 billion in annual revenue, demonstrating significant market penetration.
"Data powers the GTM flywheel, and AI is what propels it into overdrive," said Ali Sadat, Senior Vice President of Product Management at ZoomInfo. "Without the right data, even the fastest motion leads nowhere."
The company stated that all ZoomInfo Copilot customers will now have APIs included in their plans, allowing them to build private API applications or connect to ZoomInfo’s partner integrations. As new datasets become available, ISVs can join these attributes to contacts and companies using ZoomInfo IDs.
ZoomInfo’s Go-To-Market Intelligence Platform serves more than 35,000 companies worldwide, according to the company’s press release statement. The platform is designed to provide businesses with customer insights and data for sales and marketing purposes.
The company trades on the Nasdaq under the ticker GTM and describes itself as a recognized leader in data privacy with GDPR and CCPA compliance certifications. InvestingPro analysis suggests the stock is currently undervalued, with analysts projecting continued net income growth this year. For detailed insights and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro, covering this and 1,400+ other US equities.
In other recent news, ZoomInfo Technologies has reported its first-quarter results, which exceeded expectations due to strong sales from enterprise and mid-market customers. Despite this success, the company has adopted a conservative outlook for 2025, reflecting economic uncertainty, though no significant changes in client behavior have been observed. In a strategic move, ZoomInfo announced a partnership with 5x5 Data to enhance its business-to-business data offerings, aiming to improve data accuracy and reduce decay. The company also opened a new office at Vancouver’s Terminal One waterfront, featuring modern amenities and riverfront views.
Following a workforce reduction announcement aimed at focusing on higher-value markets, Stifel analysts have maintained a Buy rating with a $14.00 price target for ZoomInfo stock. Meanwhile, Jefferies also reaffirmed a Buy rating, keeping the price target at $15.00, highlighting the company’s strong performance. DA Davidson adjusted its price target for ZoomInfo to $10.00 from $8.00, while keeping a Neutral rating, noting ongoing challenges in the downmarket segment. These developments reflect ZoomInfo’s strategic efforts to enhance growth and efficiency amidst evolving market conditions.
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