ZoomInfo Technologies (NASDAQ:GTM) Given New $14.00 Price Target at Barclays

ZoomInfo Technologies (NASDAQ:GTM) had its target price lifted by Barclays from $13.00 to $14.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

GTM has been the subject of a number of other research reports. Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Wells Fargo & Company began coverage on ZoomInfo Technologies in a report on Wednesday, October 1st. They set an “underweight” rating and a $10.00 price target for the company. Royal Bank Of Canada boosted their price objective on ZoomInfo Technologies from $6.00 to $7.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 5th. KeyCorp increased their target price on ZoomInfo Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, DA Davidson started coverage on ZoomInfo Technologies in a report on Tuesday, August 5th. They issued a “neutral” rating and a $11.00 price target for the company. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $11.67.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:GTM opened at $11.69 on Tuesday. The firm has a fifty day moving average price of $10.98. 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 52 week low of $7.01 and a 52 week high of $13.39. The firm has a market cap of $3.72 billion, a P/E ratio of 37.71, a PEG ratio of 2.44 and a beta of 1.25.

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

Insiders Place Their Bets

In other ZoomInfo Technologies news, CRO James M. Roth sold 3,288 shares of the 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 approximately $453,163.68. This trade represents a 6.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Ashley Mcgrane sold 6,600 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total value of $77,154.00. Following the sale, the general counsel owned 28,399 shares of the company’s stock, valued at approximately $331,984.31. The trade was a 18.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,142 shares of company stock worth $124,289 over the last quarter. Corporate 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.