ZoomInfo Technologies Inc. (NASDAQ:GTM) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• ZoomInfo Technologies Inc. has received an average consensus recommendation of "Reduce" from six research firms, with three analysts giving it a sell rating.
• The average 12-month price objective set by analysts for the stock is $10.67, with the company recently opening at $10.08.
• Insider trading activity observed a senior executive selling 3,288 shares for approximately $33,735, reducing their ownership by 6.93%.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) has earned an average recommendation of "Reduce" from the six research firms that are presently covering the company, MarketBeat.com reports. Three investment 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 price objective among analysts that have updated their coverage on the stock in the last year is $10.6667.

GTM has been the subject of several recent analyst reports. Wall Street Zen raised ZoomInfo Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. DA Davidson started coverage on ZoomInfo Technologies in a report on Tuesday, August 5th. They set a "neutral" rating and a $11.00 price objective for the company. Wells Fargo & Company started coverage on ZoomInfo Technologies in a report on Wednesday, October 1st. They set an "underweight" rating and a $10.00 price objective for the company. Piper Sandler lifted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, KeyCorp lifted their price objective on ZoomInfo Technologies from $7.00 to $9.00 and gave the stock an "underweight" rating in a report on Tuesday, August 5th.

ZoomInfo Technologies Price Performance

GTM opened at $10.08 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a 50 day simple moving average of $10.75. The firm has a market cap of $3.21 billion, a PE ratio of 38.77, a P/E/G ratio of 2.08 and a beta of 1.27. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.39.

ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 15th. The company reported $0.12 EPS for the quarter. The business had revenue of $139.70 million during the quarter. ZoomInfo Technologies had a return on equity of 14.37% and a net margin of 7.28%.

Insider Transactions at ZoomInfo Technologies

In related news, CRO James M. Roth sold 3,288 shares of ZoomInfo Technologies stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $10.26, for a total transaction of $33,734.88. Following the completion of the transaction, the executive directly owned 44,168 shares of the company's stock, valued at approximately $453,163.68. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 4,027 shares of company stock worth $41,372 over the last ninety days. 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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