ZoomInfo Technologies (NASDAQ:GTM) Stock Price Down 8.3% - Time to Sell?

Key Points

• ZoomInfo Technologies Inc. saw an 8.3% decline in stock price, trading as low as $9.71, with a significant drop in trading volume of 79% compared to average sessions.
• Brokerages have mixed opinions on the stock, with ratings ranging from "buy" to "strong sell," and an average price target of $10.50 indicating uncertainty among analysts.
• Recent insider activity shows CRO James M. Roth sold 14,773 shares at an average price of $10.05, reflecting a notable decrease in his position by 26.55%.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) fell 8.3% during mid-day trading on Tuesday . The company traded as low as $9.71 and last traded at $9.77. 1,260,857 shares were traded during mid-day trading, a decline of 79% from the average session volume of 5,878,661 shares. The stock had previously closed at $10.65.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of ZoomInfo Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Piper Sandler lifted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday. DA Davidson assumed coverage on ZoomInfo Technologies in a research report on Tuesday. They issued a "neutral" rating and a $11.00 price objective on the stock. KeyCorp increased 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus target price of $10.50.

ZoomInfo Technologies Stock Up 1.4%

The company's fifty day moving average is $10.21. The firm has a market cap of $3.40 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 1.71 and a beta of 1.14. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.85.

Insider Transactions at ZoomInfo Technologies

In related news, CRO James M. Roth sold 14,773 shares of ZoomInfo Technologies stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $10.05, for a total transaction of $148,468.65. Following the sale, the executive directly owned 40,877 shares in the company, valued at $410,813.85. This trade represents a 26.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 35,819 shares of company stock worth $359,478. 9.00% of the stock is owned by insiders.

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.