ZoomInfo Technologies Inc. (NASDAQ:GTM) Given Consensus Rating of "Reduce" by Analysts

Key Points

• ZoomInfo Technologies Inc. has received a consensus rating of "Reduce" from analysts, with two analysts rating it as a sell and one as a buy.
• The stock price for ZoomInfo Technologies has recently dropped 8.5%, trading at approximately $9.75, with an average target price among brokerages set at $11.20.
• Insider selling was reported, with CRO James M. Roth selling over 18,000 shares, resulting in a 41.36% decrease in his ownership of the company stock.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the five brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.20.

Several brokerages have recently weighed in on GTM. DA Davidson began coverage on ZoomInfo Technologies in a research note on Tuesday. They set a "neutral" rating and a $11.00 target price for the company. Wall Street Zen raised ZoomInfo Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Wells Fargo & Company cut ZoomInfo Technologies from a "hold" rating to a "strong sell" rating and decreased their target price for the stock from $10.00 to $9.00 in a research note on Friday, June 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Thursday, May 22nd. Finally, Piper Sandler raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday.

Insider Buying and Selling at ZoomInfo Technologies

In related news, CRO James M. Roth sold 18,408 shares of ZoomInfo Technologies stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $184,448.16. Following the completion of the sale, the executive owned 26,103 shares of the company's stock, valued at approximately $261,552.06. This trade represents a 41.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 35,819 shares of company stock valued at $359,478 in the last three months. 9.00% of the stock is currently owned by insiders.

ZoomInfo Technologies Stock Down 8.5%

Shares of GTM stock traded down $0.90 during mid-day trading on Tuesday, reaching $9.75. 4,723,669 shares of the stock traded hands, compared to its average volume of 5,889,791. The business has a fifty day moving average price of $10.18. ZoomInfo Technologies has a 1-year low of $7.01 and a 1-year high of $13.39. The stock has a market capitalization of $3.21 billion, a P/E ratio of 81.26, a price-to-earnings-growth ratio of 1.78 and a beta of 1.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.66 and a current ratio of 0.66.

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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