ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.
Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company downgraded shares of ZoomInfo Technologies from a "hold" rating to a "strong sell" rating and dropped their price target for the company from $10.00 to $9.00 in a research note on Friday, June 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Thursday, May 22nd.
Check Out Our Latest Stock Analysis on ZoomInfo Technologies
ZoomInfo Technologies Stock Performance
ZoomInfo Technologies stock traded up $0.03 during mid-day trading on Friday, reaching $10.12. The company had a trading volume of 2,519,459 shares, compared to its average volume of 4,013,076. The firm has a market capitalization of $3.33 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.75 and a beta of 1.05. ZoomInfo Technologies has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.66 and a quick ratio of 0.66.
Insiders Place Their Bets
In related news, CRO James M. Roth sold 18,408 shares of ZoomInfo Technologies stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $10.02, for a total transaction of $184,448.16. Following the completion of the transaction, the executive owned 26,103 shares of the company's stock, valued at $261,552.06. This trade represents a 41.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.00% of the stock is owned by corporate insiders.
ZoomInfo Technologies Company Profile
(
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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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