ZoomInfo Technologies (NASDAQ:GTM) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of ZoomInfo Technologies (NASDAQ:GTM) in a research report report published on Wednesday, MarketBeat.com reports. The brokerage issued an underweight rating and a $10.00 target price on the stock.

A number of other research analysts have also issued reports on GTM. Piper Sandler lifted their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. DA Davidson began coverage on ZoomInfo Technologies in a research report on Tuesday, August 5th. They issued a “neutral” rating and a $11.00 price target for the company. Wall Street Zen upgraded ZoomInfo Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Royal Bank Of Canada increased their price target on ZoomInfo Technologies from $6.00 to $7.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th. Finally, KeyCorp increased their price target on ZoomInfo Technologies from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $10.67.

ZoomInfo Technologies Stock Down 5.9%

NASDAQ:GTM opened at $10.27 on Wednesday. The business’s 50-day moving average price is $10.83. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 39.50, a P/E/G ratio of 2.28 and a beta of 1.27. ZoomInfo Technologies has a 52-week low of $7.01 and a 52-week high of $13.39. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CRO James M. Roth sold 3,288 shares of ZoomInfo Technologies stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $10.26, for a total transaction of $33,734.88. Following the transaction, the executive owned 44,168 shares of the company’s stock, valued at $453,163.68. The trade was a 6.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 4,027 shares of company stock worth $41,372. Insiders own 9.00% of the company’s stock.

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.