ZoomInfo Technologies (NASDAQ:GTM) Shares Up 5.1% - Should You Buy?

Key Points

• ZoomInfo Technologies' stock price increased by 5.1%, trading at $10.75 after hitting a high of $10.77, despite a significant decline in trading volume.
• Wall Street analysts have varied ratings for ZoomInfo, with one upgrade to "buy," but overall consensus remains a "Reduce" rating and a target price of $10.50.
• Recent insider trading activity includes CRO James M. Roth selling 14,773 shares at an average price of $10.05, reducing his ownership by 26.55%.

Shares of ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) were up 5.1% during mid-day trading on Wednesday . The stock traded as high as $10.77 and last traded at $10.75. Approximately 2,864,328 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 5,740,914 shares. The stock had previously closed at $10.23.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GTM shares. Royal Bank Of Canada boosted their price objective on ZoomInfo Technologies from $6.00 to $7.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded ZoomInfo Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Piper Sandler boosted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wells Fargo & Company downgraded ZoomInfo Technologies from a "hold" rating to a "strong sell" rating and cut their price objective for the company from $10.00 to $9.00 in a report on Friday, June 13th. Finally, DA Davidson started coverage on ZoomInfo Technologies in a research note on Tuesday, August 5th. They set a "neutral" rating and a $11.00 target price for the company. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $10.50.

ZoomInfo Technologies Stock Performance

The company has a market capitalization of $3.47 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a 50 day simple moving average of $10.36.

Insider Buying and Selling

In related news, CRO James M. Roth sold 18,408 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $184,448.16. Following the completion of the transaction, the executive directly owned 26,103 shares of the company's stock, valued at $261,552.06. The trade was a 41.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 35,819 shares of company stock worth $359,478. 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.