ZoomInfo Technologies (NASDAQ:GTM) Trading Up 7.8% - Time to Buy?

Key Points

• ZoomInfo Technologies Inc. saw its share price increase by 7.8%, closing at $11.37 after trading as high as $11.40 during the day.
• Multiple analysts have upgraded their ratings on the stock, with Piper Sandler raising the target price from $11.00 to $12.00 and Wall Street Zen moving from a "hold" to a "buy" rating.
• The company has a current market capitalization of $3.63 billion and a relatively high price-to-earnings ratio of 43.85.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report)'s share price traded up 7.8% during mid-day trading on Wednesday . The stock traded as high as $11.40 and last traded at $11.37. 4,552,503 shares were traded during mid-day trading, a decline of 21% from the average session volume of 5,758,109 shares. The stock had previously closed at $10.55.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. KeyCorp increased their target price on shares of ZoomInfo Technologies from $7.00 to $9.00 and gave the stock an "underweight" rating in a report on Tuesday, August 5th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Thursday, May 22nd. Wall Street Zen raised shares of ZoomInfo Technologies from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Piper Sandler increased their target price on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $10.50.

ZoomInfo Technologies Stock Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.71. The business's fifty day moving average is $10.51. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 46.92, a PEG ratio of 2.45 and a beta of 1.19.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CRO James M. Roth sold 3,288 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $10.26, for a total transaction of $33,734.88. Following the completion of the transaction, the executive owned 44,168 shares in the company, valued at $453,163.68. This trade represents a 6.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 21,438 shares of company stock worth $216,402. 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.