Wells Fargo & Company downgraded shares of Zoominfo Technologies (NASDAQ:GTM - Free Report) from a hold rating to a strong sell rating in a research note published on Friday morning, MarketBeat.com reports. They currently have $9.00 price target on the stock, down from their previous price target of $10.00.
GTM has been the topic of several other reports. Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of Zoominfo Technologies in a research note on Thursday, May 22nd. Wall Street Zen upgraded Zoominfo Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.
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Zoominfo Technologies Stock Up 3.4%
Shares of Zoominfo Technologies stock traded up $0.33 during trading on Friday, reaching $9.99. The company's stock had a trading volume of 5,586,018 shares, compared to its average volume of 6,481,333. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 83.25 and a beta of 1.05. Zoominfo Technologies has a one year low of $7.01 and a one year high of $13.39.
Insider Buying and Selling
In other Zoominfo Technologies news, CRO James M. Roth sold 18,408 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $184,448.16. Following the transaction, the executive now owns 26,103 shares in the company, valued at approximately $261,552.06. This trade represents a 41.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.00% of the stock is currently owned by insiders.
About Zoominfo Technologies
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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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