ZoomInfo Technologies Inc. (NASDAQ:GTM) Receives $10.67 Consensus Price Target from Brokerages

Shares of ZoomInfo Technologies Inc. (NASDAQ:GTM) have been given a consensus recommendation of “Reduce” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.6667.

GTM has been the topic of several recent analyst reports. Wall Street Zen raised ZoomInfo Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. KeyCorp lifted their target price on ZoomInfo Technologies from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada lifted 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. DA Davidson started coverage on ZoomInfo Technologies in a research report on Tuesday, August 5th. They set a “neutral” rating and a $11.00 price target on the stock. Finally, Piper Sandler lifted their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th.

ZoomInfo Technologies Price Performance

Shares of ZoomInfo Technologies stock opened at $10.85 on Friday. The firm’s fifty day simple moving average is $10.80. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.46 billion, a P/E ratio of 41.73, a P/E/G ratio of 2.16 and a beta of 1.27. ZoomInfo Technologies has a 1-year low of $7.01 and a 1-year high of $13.39.

ZoomInfo Technologies (NASDAQ:GTM) last announced its earnings results on Tuesday, February 15th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $139.70 million for the quarter. ZoomInfo Technologies had a return on equity of 14.37% and a net margin of 7.28%.

Insider Activity

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