Equities researchers at Wells Fargo & Company began coverage on shares of ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) in a research note issued on Wednesday,Benzinga reports. The firm set an "underweight" rating and a $10.00 price target on the stock. Wells Fargo & Company's price objective suggests a potential downside of 8.34% from the stock's current price.
Several other research firms have also weighed in on GTM. Wall Street Zen raised shares of ZoomInfo Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. 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 research note on Tuesday, August 5th. Piper Sandler increased their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 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 target for the company. Finally, Royal Bank Of Canada lifted their price objective on ZoomInfo Technologies from $6.00 to $7.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, ZoomInfo Technologies currently has an average rating of "Reduce" and a consensus price target of $10.67.
View Our Latest Report on GTM
ZoomInfo Technologies Price Performance
Shares of GTM stock opened at $10.91 on Wednesday. The company has a fifty day moving average of $10.84. 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 firm has a market cap of $3.48 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 2.42 and a beta of 1.19. ZoomInfo Technologies has a one year low of $7.01 and a one year high of $13.39.
Insider Buying and Selling
In other ZoomInfo Technologies news, CRO James M. Roth sold 3,288 shares of ZoomInfo Technologies stock in a transaction 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 of the company's stock, valued at approximately $453,163.68. The trade was a 6.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 4,027 shares of company stock worth $41,372. 9.00% of the stock is currently owned by insiders.
ZoomInfo Technologies Company Profile
(
Get Free Report)
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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