ZoomInfo Technologies Inc. (NASDAQ:GTM) Receives Consensus Rating of “Reduce” from Analysts

Shares of ZoomInfo Technologies Inc. (NASDAQ:GTM) have been assigned a consensus rating of “Reduce” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.6667.

A number of brokerages have recently commented on GTM. Wall Street Zen raised ZoomInfo Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Wells Fargo & Company began coverage on ZoomInfo Technologies in a research report on Wednesday, October 1st. They issued an “underweight” rating and a $10.00 price objective for the company. DA Davidson began coverage on ZoomInfo Technologies in a research report on Tuesday, August 5th. They issued a “neutral” rating and a $11.00 price objective for the company. Piper Sandler lifted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on ZoomInfo Technologies from $6.00 to $7.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th.

Insiders Place Their Bets

In related news, CRO James M. Roth sold 3,288 shares of ZoomInfo Technologies stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $10.26, for a total value of $33,734.88. Following the transaction, the executive owned 44,168 shares in the company, valued at approximately $453,163.68. This trade represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 4,027 shares of company stock valued at $41,372 in the last 90 days. 9.00% of the stock is currently owned by company insiders.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $10.08 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average is $10.75. The stock has a market capitalization of $3.21 billion, a P/E ratio of 38.77, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $13.39.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly earnings results on Tuesday, February 15th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $139.70 million during the quarter. ZoomInfo Technologies had a return on equity of 14.37% and a net margin of 7.28%.

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.