ZoomInfo Technologies (NASDAQ:GTM) Price Target Raised to $7.00

ZoomInfo Technologies (NASDAQ:GTM) had its price target upped by Royal Bank Of Canada from $6.00 to $7.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Royal Bank Of Canada currently has an underperform rating on the stock.

Several other research analysts have also commented on the stock. KeyCorp raised their price target on shares of ZoomInfo Technologies from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a research note on Thursday, May 22nd. Wells Fargo & Company cut shares of ZoomInfo Technologies from a “hold” rating to a “strong sell” rating and decreased their price target for the stock from $10.00 to $9.00 in a research report on Friday, June 13th. DA Davidson initiated coverage on ZoomInfo Technologies in a report on Tuesday. They issued a “neutral” rating and a $11.00 price target for the company. Finally, Wall Street Zen raised ZoomInfo Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.50.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $10.39 on Tuesday. The firm has a market capitalization of $3.42 billion, a P/E ratio of 39.96, a P/E/G ratio of 2.22 and a beta of 1.14. ZoomInfo Technologies has a one year low of $7.01 and a one year high of $13.39. The firm has a fifty day simple moving average of $10.23. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.85.

Insider Activity at ZoomInfo Technologies

In other news, CRO James M. Roth sold 14,773 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $10.05, for a total transaction of $148,468.65. Following the transaction, the executive directly owned 40,877 shares in the company, valued at approximately $410,813.85. This represents a 26.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 35,819 shares of company stock valued at $359,478. 9.00% of the stock is currently owned by insiders.

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.