ZoomInfo Technologies (NASDAQ:GTM) Trading Down 6.5% - What's Next?

Key Points

• ZoomInfo Technologies' stock price decreased by 6.5% during trading, closing at $10.85 after reaching a low of $10.80.
• Wall Street analysts have mixed ratings on the stock, with one Buy rating, two Holds, and three Sells, resulting in an average rating of "Reduce" and a consensus target price of $10.50.
• Insider James M. Roth sold 14,773 shares at an average price of $10.05, indicating a significant reduction in his ownership by 26.55%.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report)'s share price fell 6.5% during trading on Tuesday . The company traded as low as $10.80 and last traded at $10.85. 3,411,773 shares were traded during trading, a decline of 40% from the average session volume of 5,695,410 shares. The stock had previously closed at $11.61.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GTM. DA Davidson began coverage on ZoomInfo Technologies in a research report on Tuesday, August 5th. They set a "neutral" rating and a $11.00 price objective for the company. Piper Sandler boosted their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. KeyCorp boosted their price objective on ZoomInfo Technologies from $7.00 to $9.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 5th. Wall Street Zen raised ZoomInfo Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, Royal Bank Of Canada boosted their target price on ZoomInfo Technologies from $6.00 to $7.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $10.50.

ZoomInfo Technologies Price Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a 50 day moving average of $10.84. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 2.41 and a beta of 1.19.

Insiders Place Their Bets

In related news, CRO James M. Roth sold 14,773 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $10.05, for a total transaction of $148,468.65. Following the transaction, the executive owned 40,877 shares of the company's stock, valued at $410,813.85. This 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 at this link. Insiders sold a total of 20,198 shares of company stock worth $203,890 over the last quarter. Corporate 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.

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