ZoomInfo Technologies (NASDAQ:GTM) Trading 4.3% Higher - Here's Why

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.

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

Analysts Set New Price Targets

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

ZoomInfo Technologies Stock Up 5.2%

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The stock's fifty day simple moving average is $10.23. The firm has a market capitalization of $3.37 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

Insider Buying and Selling

In other ZoomInfo Technologies 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 approximately $410,813.85. This trade represents a 26.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 35,819 shares of company stock valued at $359,478 over the last three months. 9.00% of the stock is currently owned by company insiders.

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.

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