ZoomInfo Technologies (NASDAQ:GTM) Stock Price Down 0.8% – Here’s Why

ZoomInfo Technologies Inc. (NASDAQ:GTM) shares traded down 0.8% on Friday . The stock traded as low as $10.01 and last traded at $10.08. 3,034,034 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 3,931,900 shares. The stock had previously closed at $10.16.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of ZoomInfo Technologies in a research note on Wednesday, October 1st. They issued an “underweight” rating and a $10.00 target price for the company. 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. DA Davidson assumed coverage on shares of ZoomInfo Technologies in a research note on Tuesday, August 5th. They issued a “neutral” rating and a $11.00 target price for the company. 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. Finally, Wall Street Zen upgraded shares of ZoomInfo Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $10.67.

ZoomInfo Technologies Stock Down 0.8%

The firm’s 50-day moving average is $10.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The stock has a market cap of $3.21 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.10 and a beta of 1.27.

ZoomInfo Technologies (NASDAQ:GTM) last released its quarterly earnings data on Tuesday, February 15th. The company reported $0.12 EPS for the quarter. ZoomInfo Technologies had a net margin of 7.28% and a return on equity of 14.37%. The company had revenue of $139.70 million during the quarter.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CRO James M. Roth sold 3,288 shares of ZoomInfo Technologies stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $10.26, for a total transaction of $33,734.88. Following the completion of the sale, the executive directly owned 44,168 shares in the company, valued at $453,163.68. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 4,027 shares of company stock worth $41,372 in the last three months. 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.