Analysts Set ZoomInfo Technologies Inc. (NASDAQ:GTM) PT at $10.50

ZoomInfo Technologies Inc. (NASDAQ:GTM) has been given an average recommendation of “Reduce” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.50.

A number of research analysts recently issued reports on the company. Wells Fargo & Company downgraded ZoomInfo Technologies from a “hold” rating to a “strong sell” rating and reduced their price target for the company from $10.00 to $9.00 in a report on Friday, June 13th. KeyCorp boosted their price target on ZoomInfo Technologies from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Tuesday, August 5th. Piper Sandler boosted their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Wall Street Zen upgraded ZoomInfo Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 5th. Finally, DA Davidson started coverage on ZoomInfo Technologies in a report on Tuesday, August 5th. They set a “neutral” rating and a $11.00 target price on the stock.

Insider Buying and Selling at ZoomInfo Technologies

In other ZoomInfo Technologies news, CRO James M. Roth sold 14,773 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $10.05, for a total transaction of $148,468.65. Following the transaction, the executive owned 40,877 shares in the company, valued at approximately $410,813.85. This represents a 26.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 21,438 shares of company stock worth $216,402. 9.00% of the stock is currently owned by corporate insiders.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:GTM opened at $10.38 on Friday. ZoomInfo Technologies has a 1 year low of $7.01 and a 1 year high of $13.39. The stock has a market cap of $3.31 billion, a P/E ratio of 39.92, a PEG ratio of 2.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s 50-day simple moving average is $10.40.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company’s cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.