Stock Traders Purchase Large Volume of Put Options on ZoomInfo Technologies (NASDAQ:GTM)

ZoomInfo Technologies Inc. (NASDAQ:GTM) saw unusually large options trading activity on Thursday. Investors acquired 7,524 put options on the company. This is an increase of 259% compared to the average daily volume of 2,096 put options.

ZoomInfo Technologies Trading Down 1.4%

Shares of ZoomInfo Technologies stock opened at $11.35 on Friday. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $3.62 billion, a P/E ratio of 43.66, a PEG ratio of 2.40 and a beta of 1.19. The business’s fifty day simple moving average is $10.80.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler upped their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada increased their price objective on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. KeyCorp lifted their target price on shares of ZoomInfo Technologies from $7.00 to $9.00 and gave the stock an “underweight” rating in a report 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 target price for the company. Finally, Wall Street Zen raised ZoomInfo Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Reduce” and a consensus price target of $10.50.

Insider Activity

In other news, CRO James M. Roth sold 14,773 shares of the 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 sale, the executive directly owned 40,877 shares of the company’s stock, valued at $410,813.85. This represents a 26.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 21,438 shares of company stock worth $216,402 in the last quarter. 9.00% of the stock is currently owned by corporate insiders.

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.