Wells Fargo & Company Upgrades ZoomInfo Technologies (NASDAQ:GTM) to Strong Sell

Key Points

• Wells Fargo & Company has downgraded ZoomInfo Technologies to a strong sell rating, reflecting concerns about the stock's performance.
• Despite this downgrade, other analysts have issued varying ratings, with a consensus target price of $10.67 and distinctions between underperform and neutral ratings.
• ZoomInfo's stock has recently experienced a decline of 5.9% and has a market cap of $3.27 billion, with its share price trading at $10.27.

ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) was upgraded by analysts at Wells Fargo & Company to a "strong sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

GTM has been the subject of several other reports. Royal Bank Of Canada lifted their price objective on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. KeyCorp lifted their price objective on shares of ZoomInfo Technologies from $7.00 to $9.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 5th. DA Davidson initiated coverage on shares of ZoomInfo Technologies in a research report on Tuesday, August 5th. They issued a "neutral" rating and a $11.00 price target for the company. Piper Sandler boosted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen raised shares of ZoomInfo Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $10.67.

ZoomInfo Technologies Trading Down 5.9%

ZoomInfo Technologies stock opened at $10.27 on Tuesday. The stock has a market cap of $3.27 billion, a PE ratio of 39.50, a P/E/G ratio of 2.28 and a beta of 1.27. The stock's fifty day moving average price is $10.83. 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.

Insider Activity

In other 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 transaction, the executive directly owned 44,168 shares in the company, valued at $453,163.68. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 4,027 shares of company stock worth $41,372 in the last quarter. 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.

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