ZoomInfo Technologies Inc. (NASDAQ:GTM) Receives $10.50 Average Price Target from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:GTM) have been assigned a consensus rating of “Reduce” from the six analysts that are presently covering the company, Marketbeat.com reports. Three equities 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 twelve-month price target among brokers that have covered the stock in the last year is $10.50.

Several research analysts have recently weighed in on GTM shares. DA Davidson started coverage on shares of ZoomInfo Technologies in a report on Tuesday, August 5th. They set a “neutral” rating and a $11.00 price objective for the company. Royal Bank Of Canada boosted their target price on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th. Piper Sandler boosted 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. Wall Street Zen upgraded shares of ZoomInfo Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Finally, Wells Fargo & Company lowered shares of ZoomInfo Technologies from a “hold” rating to a “strong sell” rating and cut their target price for the company from $10.00 to $9.00 in a research report on Friday, June 13th.

ZoomInfo Technologies Trading Up 1.9%

Shares of GTM opened at $11.56 on Wednesday. The company’s 50-day moving average is $10.82. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 44.46, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.71. ZoomInfo Technologies has a 1-year low of $7.01 and a 1-year high of $13.39.

Insider Transactions at ZoomInfo Technologies

In related news, CRO James M. Roth sold 3,288 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $10.26, for a total transaction of $33,734.88. Following the completion of the sale, the executive directly owned 44,168 shares in the company, valued at approximately $453,163.68. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 21,438 shares of company stock worth $216,402 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.