ZoomInfo Technologies Inc. (NASDAQ:GTM) Receives Consensus Recommendation of "Reduce" from Brokerages

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.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) has earned a consensus rating of "Reduce" from the six brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.50.

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered ZoomInfo Technologies from a "hold" rating to a "strong sell" rating and decreased their target price for the company from $10.00 to $9.00 in a research report on Friday, June 13th. Wall Street Zen raised ZoomInfo Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. KeyCorp lifted their target price on ZoomInfo Technologies from $7.00 to $9.00 and gave the company an "underweight" rating in a research report on Tuesday, August 5th. DA Davidson began coverage on ZoomInfo Technologies in a research report on Tuesday, August 5th. They set a "neutral" rating and a $11.00 target price for the company. Finally, Piper Sandler lifted their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th.

ZoomInfo Technologies Stock Performance

NASDAQ GTM traded down $0.26 on Friday, reaching $10.12. 2,945,010 shares of the stock traded hands, compared to its average volume of 4,086,164. 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 stock's fifty day simple moving average is $10.41. The company has a market cap of $3.22 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 2.18 and a beta of 1.19. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.39.

Insider Activity

In related news, CRO James M. Roth sold 14,773 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $10.05, for a total transaction of $148,468.65. Following the transaction, the executive directly owned 40,877 shares in the company, valued at $410,813.85. The trade was a 26.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 21,438 shares of company stock valued at $216,402. 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.