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VANCOUVER, Wash. - ZoomInfo (market cap: $3.16 billion), known for its Go-To-Market (GTM) Intelligence Platform, has announced a change in its Nasdaq trading symbol from ’ZI’ to ’GTM’, effective after the market closes today. This move is intended to align the company’s market identity with its core mission and reflects its commitment to enhancing go-to-market strategies through artificial intelligence. According to InvestingPro data, the company maintains impressive gross profit margins of 88.19% while generating over $1.2 billion in annual revenue.
In conjunction with the ticker symbol update, ZoomInfo is launching GTM Studio, a new addition to its intelligence platform designed to empower revenue teams. GTM Studio aims to streamline the creation and activation of GTM campaigns by providing a centralized workspace for sales and marketing teams. This innovation seeks to address common challenges such as data silos and manual task automation, enabling teams to engage with the right accounts effectively. InvestingPro analysis suggests the company is currently undervalued, with analysts maintaining positive earnings forecasts for the year ahead.
The company’s leadership will mark the occasion by ringing the closing bell at the Nasdaq MarketSite today. ZoomInfo’s executive team will also commence the GTM 25 Roadshow starting Tuesday, with the first event in New York, followed by stops in Boston, San Francisco, and London. The roadshow is set to reveal new platform capabilities and share ZoomInfo’s vision for the future of AI-powered go-to-market teams.
ZoomInfo’s GTM Intelligence Platform integrates real-time signals, AI insights, and data to provide revenue teams with a dynamic view of market opportunities. The platform includes ZoomInfo Copilot, which combines data with AI to recommend actions for sales execution, and ZoomInfo Marketing, a comprehensive platform for B2B campaign management. The latest addition, GTM Studio, combines centralized data management, campaign design, and AI-powered execution.
The platform aims to resolve issues of disconnected systems and outdated data that, according to Forbes, result in 91% of CRM data being incomplete. By centralizing data and enriching it with AI and intent signals, ZoomInfo hopes to facilitate high-impact workflows across sales, marketing, and revenue operations. Despite trading at a high P/E multiple of 116x, InvestingPro data reveals strong fundamentals with a "GOOD" overall financial health score. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The information for this article is based on a press release statement.
In other recent news, ZoomInfo Technologies reported a fourth-quarter revenue of $309 million, surpassing expectations by 3.9%. This marks the company’s largest revenue beat since the second quarter of 2022. The company is enhancing its offerings with updates to its ZoomInfo Copilot solution, which now includes automatic account tracking and AI-enhanced email capabilities to aid sales teams throughout the sales process. Analysts from Needham have maintained a Buy rating on ZoomInfo, expressing confidence in its future prospects, while Stifel analysts have raised their price target to $14, maintaining a Buy rating. Scotiabank also increased its price target for the company to $11, noting strong performance in the enterprise and mid-market segments. ZoomInfo’s net revenue retention rate has improved, signaling a positive shift in business dynamics. The company is focusing on upmarket clients, which is expected to benefit its growth trajectory. The recent developments indicate a strategic shift towards capitalizing on upmarket opportunities, with ZoomInfo expanding its reach beyond traditional sales roles.
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