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Investors Purchase Large Volume of ZoomInfo Technologies Put Options (NASDAQ:GTM)

ZoomInfo Technologies logo with Computer and Technology background

Key Points

  • ZoomInfo Technologies experienced a significant surge in put options trading, with 7,524 contracts purchased, marking a 259% increase over the average volume.
  • Analysts have varied views on the stock, with price targets ranging from $6.00 to $12.00, and a consensus rating currently at "Reduce".
  • Insider James M. Roth sold 3,288 shares at an average price of $10.26, reducing his ownership by 6.93%, amid broader insider selling trends at the company.
  • Five stocks to consider instead of ZoomInfo Technologies.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 7,524 put options on the stock. This is an increase of 259% compared to the average volume of 2,096 put options.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GTM shares. Royal Bank Of Canada boosted their price objective on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. KeyCorp upped their price target on shares of ZoomInfo Technologies from $7.00 to $9.00 and gave the company an "underweight" rating in a research note on Tuesday, August 5th. Piper Sandler increased their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. DA Davidson initiated coverage on shares of ZoomInfo Technologies in a report on Tuesday, August 5th. They set a "neutral" rating and a $11.00 price target for the company. Finally, Wall Street Zen raised shares of ZoomInfo Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $10.50.

Check Out Our Latest Analysis on GTM

ZoomInfo Technologies Stock Down 0.5%

Shares of GTM stock traded down $0.06 during trading hours on Thursday, hitting $11.45. 501,654 shares of the company's stock traded hands, compared to its average volume of 5,728,334. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.39. 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 firm has a 50 day moving average price of $10.78. The stock has a market cap of $3.65 billion, a PE ratio of 44.04, a PEG ratio of 2.48 and a beta of 1.19.

Insider Buying and Selling

In other ZoomInfo Technologies news, CRO James M. Roth sold 3,288 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $10.26, for a total transaction of $33,734.88. Following the sale, the executive directly owned 44,168 shares of the company's stock, valued at $453,163.68. The trade was a 6.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 21,438 shares of company stock worth $216,402. Insiders own 9.00% of the company's stock.

ZoomInfo Technologies Company Profile

(Get Free Report)

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.

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