ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.
Several other research firms have also weighed in on GTM. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Thursday, May 22nd. Wells Fargo & Company lowered ZoomInfo Technologies from a "hold" rating to a "strong sell" rating and lowered their price objective for the stock from $10.00 to $9.00 in a research report on Friday, June 13th.
Read Our Latest Analysis on GTM
ZoomInfo Technologies Stock Performance
Shares of GTM stock traded up $0.17 during mid-day trading on Friday, hitting $10.09. The company's stock had a trading volume of 4,302,342 shares, compared to its average volume of 4,078,645. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $13.39. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.74. The firm has a market cap of $3.32 billion, a PE ratio of 84.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.05.
Insider Activity
In other news, CRO James M. Roth sold 18,408 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.02, for a total value of $184,448.16. Following the completion of the sale, the executive now directly owns 26,103 shares in the company, valued at $261,552.06. This trade represents a 41.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 9.00% of the stock is currently owned by company insiders.
About ZoomInfo Technologies
(
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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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