ZoomInfo Technologies (NASDAQ:GTM) Price Target Raised to $9.00

ZoomInfo Technologies (NASDAQ:GTM) had its target price boosted by KeyCorp from $7.00 to $9.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company downgraded ZoomInfo Technologies from a “hold” rating to a “strong sell” rating and dropped their target price for the stock from $10.00 to $9.00 in a research report on Friday, June 13th. Piper Sandler increased their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research report on Thursday, May 22nd. Wall Street Zen upgraded ZoomInfo Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Finally, DA Davidson initiated coverage on ZoomInfo Technologies in a research report on Tuesday. They set a “neutral” rating and a $11.00 target price on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.50.

ZoomInfo Technologies Price Performance

NASDAQ:GTM opened at $10.39 on Tuesday. The stock 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. The stock’s fifty day moving average is $10.23. ZoomInfo Technologies has a 1 year low of $7.01 and a 1 year high of $13.39. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.85.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CRO James M. Roth sold 14,773 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $10.05, for a total transaction of $148,468.65. Following the sale, the executive owned 40,877 shares in the company, valued at $410,813.85. This trade represents a 26.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 35,819 shares of company stock worth $359,478 in the last quarter. Company 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.