ZoomInfo Technologies (NASDAQ:GTM) Shares Up 4.3% - What's Next?

Key Points

• ZoomInfo Technologies' stock increased by 4.3% to close at $10.50, despite a significant decline in trading volume, down 93% from the average session.
• A number of analysts have recently upgraded their ratings and price targets for ZoomInfo, with targets ranging from $9.00 to $15.00, while the consensus average rating remains at "Hold."
• Insider trading activity included the sale of 14,773 shares by CRO James M. Roth, reducing his ownership by 26.55%, with insiders owning 9% of the company's stock overall.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) shares rose 4.3% during mid-day trading on Friday . The stock traded as high as $10.55 and last traded at $10.50. Approximately 436,842 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 5,971,516 shares. The stock had previously closed at $10.07.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Piper Sandler boosted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted their target price on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of ZoomInfo Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. DA Davidson began coverage on shares of ZoomInfo Technologies in a report on Tuesday, August 5th. They issued a "neutral" rating and a $11.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, ZoomInfo Technologies presently has an average rating of "Reduce" and a consensus target price of $10.50.

ZoomInfo Technologies Price Performance

The business has a 50 day simple moving average of $10.25. The firm has a market capitalization of $3.22 billion, a P/E ratio of 38.85, a PEG ratio of 2.21 and a beta of 1.14. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85.

Insider Buying and Selling

In related news, CRO James M. Roth sold 14,773 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $10.05, for a total value of $148,468.65. Following the completion of the sale, the executive owned 40,877 shares of the company's stock, valued at $410,813.85. This trade represents a 26.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 35,819 shares of company stock valued at $359,478 over the last ninety days. Company insiders own 9.00% of the company's stock.

About ZoomInfo Technologies

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.