ZoomInfo Technologies (NASDAQ:GTM) Price Target Raised to $14.00

ZoomInfo Technologies (NASDAQ:GTM) had its target price hoisted by Barclays from $13.00 to $14.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. DA Davidson started coverage on shares of ZoomInfo Technologies in a research report on Tuesday, August 5th. They set a “neutral” rating and a $11.00 price target on the stock. KeyCorp upped their price objective on shares of ZoomInfo Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday. Wells Fargo & Company assumed coverage on shares of ZoomInfo Technologies in a research note on Wednesday, October 1st. They set an “underweight” rating and a $10.00 target price on the stock. Finally, Royal Bank Of Canada lifted their price target on ZoomInfo Technologies from $6.00 to $7.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $11.67.

ZoomInfo Technologies Trading Down 4.6%

Shares of NASDAQ GTM opened at $10.70 on Tuesday. The company’s 50 day simple moving average is $10.99. The firm has a market cap of $3.41 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.71 and a current ratio of 0.67. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.39.

ZoomInfo Technologies (NASDAQ:GTM) last posted its quarterly earnings results on Tuesday, February 15th. The company reported $0.12 EPS for the quarter. The company had revenue of $139.70 million for the quarter. ZoomInfo Technologies had a net margin of 8.40% and a return on equity of 14.55%.

Insider Buying and Selling

In other news, General Counsel Ashley Mcgrane sold 6,600 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total value of $77,154.00. Following the sale, the general counsel directly owned 28,399 shares of the company’s stock, valued at $331,984.31. The trade was a 18.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO James M. Roth sold 3,288 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $10.26, for a total value of $33,734.88. Following the completion of the transaction, the executive directly owned 44,168 shares of the company’s stock, valued at approximately $453,163.68. This represents a 6.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,142 shares of company stock valued at $124,289 in the last three months. Insiders own 9.00% of the company’s stock.

ZoomInfo Technologies Company Profile

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.