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

Key Points

• ZoomInfo Technologies Inc. has received a consensus recommendation of "Reduce" from analysts, with three sell ratings, two holds, and one buy rating.
• The average 12-month price target among brokers for ZoomInfo is $10.50, with various brokerages adjusting their target prices recently.
• Insider trading activity shows that CRO James M. Roth sold 3,288 shares, reducing his position by 6.93% in the company.

Shares of ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) have received a consensus recommendation of "Reduce" from the six brokerages that are currently covering the stock, MarketBeat reports. Three 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 brokers that have covered the stock in the last year is $10.50.

GTM has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. KeyCorp raised their target price on shares of ZoomInfo Technologies from $7.00 to $9.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of ZoomInfo Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Wells Fargo & Company lowered shares of 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. Finally, Piper Sandler raised their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th.

ZoomInfo Technologies Trading Down 0.5%

Shares of ZoomInfo Technologies stock opened at $11.91 on Wednesday. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.50 and a beta of 1.19. ZoomInfo Technologies has a twelve month low of $7.01 and a twelve month high of $13.39. The company has a 50-day moving average of $10.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.71.

Insider Activity

In other news, CRO James M. Roth sold 3,288 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $10.26, for a total transaction of $33,734.88. Following the completion of the sale, the executive owned 44,168 shares in the company, valued at $453,163.68. This trade represents a 6.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 21,438 shares of company stock worth $216,402. 9.00% of the stock is owned by company insiders.

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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