ZoomInfo Technologies Inc. (NASDAQ:GTM) Given Average Recommendation of “Reduce” by Analysts

ZoomInfo Technologies Inc. (NASDAQ:GTM) has been assigned an average recommendation of “Reduce” from the ten analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $11.67.

Several equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Piper Sandler increased their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. DA Davidson assumed coverage on ZoomInfo Technologies in a research note on Tuesday, August 5th. They issued a “neutral” rating and a $11.00 price target for the company. Royal Bank Of Canada increased their price objective on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company started coverage on ZoomInfo Technologies in a report on Wednesday, October 1st. They issued an “underweight” rating and a $10.00 price objective for the company.

Insider Buying and Selling

In related news, CRO James M. Roth sold 3,288 shares of the firm’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 value of $33,734.88. Following the sale, the executive owned 44,168 shares in the company, valued at approximately $453,163.68. This trade represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Ashley Mcgrane sold 6,600 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total transaction of $77,154.00. Following the completion of the sale, the general counsel directly owned 28,399 shares of the company’s stock, valued at approximately $331,984.31. This trade represents a 18.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,142 shares of company stock valued at $124,289 over the last quarter. Company insiders own 9.00% of the company’s stock.

ZoomInfo Technologies Price Performance

GTM opened at $10.44 on Thursday. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 1.76 and a beta of 1.25. The stock has a 50-day moving average of $10.98. ZoomInfo Technologies has a 1 year low of $7.01 and a 1 year high of $12.63. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.86.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly earnings data on Tuesday, February 15th. The company reported $0.12 earnings per share 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 14.55%.

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.