Citigroup Issues Positive Forecast for ZoomInfo Technologies (NASDAQ:GTM) Stock Price

ZoomInfo Technologies (NASDAQ:GTM) had its target price lifted by Citigroup from $11.00 to $13.00 in a research report sent to investors on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. KeyCorp increased their price objective on shares of ZoomInfo Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday. Piper Sandler increased their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Barclays boosted their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday. UBS Group increased their target price on ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Royal Bank Of Canada lifted their target price on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Reduce” and an average target price of $11.67.

ZoomInfo Technologies Stock Down 0.9%

Shares of ZoomInfo Technologies stock opened at $11.69 on Tuesday. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The business’s fifty day simple moving average is $10.98. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 2.44 and a beta of 1.25.

ZoomInfo Technologies (NASDAQ:GTM) last released its earnings results on Tuesday, February 15th. The company reported $0.12 EPS for the quarter. ZoomInfo Technologies had a return on equity of 14.33% and a net margin of 8.40%.The firm had revenue of $139.70 million during the quarter.

Insider Buying and Selling

In other ZoomInfo Technologies news, General Counsel Ashley Mcgrane sold 6,600 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $11.69, for a total value of $77,154.00. Following the completion of the sale, the general counsel owned 28,399 shares of the company’s stock, valued at $331,984.31. This trade represents a 18.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO James M. Roth sold 3,288 shares of the business’s stock in a transaction on 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 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 11,142 shares of company stock valued at $124,289. 9.00% of the stock is owned by company 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.