ZoomInfo Technologies (NASDAQ:GTM) Price Target Raised to $8.00

ZoomInfo Technologies (NASDAQ:GTM) had its target price hoisted by Royal Bank Of Canada from $7.00 to $8.00 in a research note published on Tuesday,Benzinga reports. They currently have an underperform rating on the stock.

A number of other research analysts also recently weighed in on the company. Piper Sandler increased their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. UBS Group increased their price objective on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday. KeyCorp raised 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. Barclays boosted their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Wells Fargo & Company started coverage on shares of ZoomInfo Technologies in a research report on Wednesday, October 1st. They issued an “underweight” rating and a $10.00 price target on the stock. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $11.67.

ZoomInfo Technologies Trading Down 4.6%

Shares of GTM stock opened at $10.70 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.86. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $13.39. The stock has a market capitalization of $3.41 billion, a PE ratio of 34.52, a P/E/G ratio of 1.93 and a beta of 1.25. The stock has a 50 day moving average of $10.99.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly 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 14.55% and a net margin of 8.40%.

Insider Buying and Selling at ZoomInfo Technologies

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 completion of the sale, the executive owned 44,168 shares in the company, valued at approximately $453,163.68. This represents a 6.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Ashley Mcgrane sold 6,600 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $11.69, for a total value of $77,154.00. Following the sale, the general counsel directly owned 28,399 shares in the company, valued at approximately $331,984.31. This represents a 18.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,142 shares of company stock worth $124,289 over the last 90 days. 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.