ZoomInfo Technologies (NASDAQ:GTM) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ZoomInfo Technologies (NASDAQ:GTM - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other brokerages also recently commented on GTM. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Thursday, May 22nd. Wells Fargo & Company cut shares of ZoomInfo Technologies from a "hold" rating to a "strong sell" rating and dropped their target price for the stock from $10.00 to $9.00 in a research report on Friday, June 13th.

ZoomInfo Technologies Trading Up 1.1%

GTM traded up $0.11 during midday trading on Friday, reaching $10.15. 4,093,148 shares of the company's stock traded hands, compared to its average volume of 3,830,461. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $13.39. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 84.59, a PEG ratio of 1.74 and a beta of 1.06.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CRO James M. Roth sold 18,408 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive owned 26,103 shares in the company, valued at $261,552.06. This trade represents a 41.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 35,819 shares of company stock worth $359,478. 9.00% of the stock is currently owned by corporate insiders.

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.