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

Key Points

• Analysts have given ZoomInfo Technologies Inc. a consensus rating of "Reduce," with three firms recommending a sell, two a hold, and one a buy.
• The average twelve-month price objective for GTM shares among brokerages is $10.50.
• Insider transactions have seen a total of 35,819 shares sold by company insiders in the last three months, indicating potential concerns regarding stock ownership confidence.

Shares of ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) have been given a consensus recommendation of "Reduce" by the six ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.50.

Several equities analysts have issued reports on GTM shares. Wall Street Zen upgraded shares of ZoomInfo Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Wells Fargo & Company lowered shares of ZoomInfo Technologies from a "hold" rating to a "strong sell" rating and cut their target price for the stock from $10.00 to $9.00 in a research note on Friday, June 13th. KeyCorp upped their price objective on shares of ZoomInfo Technologies from $7.00 to $9.00 and gave the stock an "underweight" rating in a report on Tuesday, August 5th. Piper Sandler upped their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, DA Davidson assumed coverage on shares of ZoomInfo Technologies in a research report on Tuesday, August 5th. They set a "neutral" rating and a $11.00 price target on the stock.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:GTM opened at $10.90 on Friday. The firm has a 50 day moving average price of $10.36. The firm has a market cap of $3.47 billion, a PE ratio of 41.92, a PEG ratio of 2.29 and a beta of 1.14. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.39. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Insider Transactions at ZoomInfo Technologies

In other news, CRO James M. Roth sold 14,773 shares of ZoomInfo Technologies stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $10.05, for a total value of $148,468.65. Following the completion of the transaction, the executive owned 40,877 shares in the company, valued at $410,813.85. This trade represents a 26.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 35,819 shares of company stock worth $359,478 in the last three months. Company 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.

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