ZoomInfo Technologies (NASDAQ:GTM) Price Target Raised to $8.00 at Royal Bank Of Canada

ZoomInfo Technologies (NASDAQ:GTM) had its price objective hoisted by investment analysts at Royal Bank Of Canada from $7.00 to $8.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential downside of 30.97% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Barclays boosted their price target on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group boosted their price target on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday. Piper Sandler boosted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Wells Fargo & Company assumed coverage on shares of ZoomInfo Technologies in a report on Wednesday, October 1st. They issued an “underweight” rating and a $10.00 price objective for the company. Finally, DA Davidson assumed coverage on shares of ZoomInfo Technologies in a report on Tuesday, August 5th. They issued a “neutral” rating and a $11.00 price objective for the company. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $11.63.

ZoomInfo Technologies Trading Down 1.8%

ZoomInfo Technologies stock traded down $0.21 during mid-day trading on Tuesday, reaching $11.59. The company’s stock had a trading volume of 4,005,430 shares, compared to its average volume of 5,499,969. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 44.58, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. ZoomInfo Technologies has a twelve month low of $7.01 and a twelve month high of $13.39. The firm’s 50 day moving average is $10.95. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85.

ZoomInfo Technologies (NASDAQ:GTM) last posted its quarterly earnings results 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 business had revenue of $139.70 million during the quarter.

Insider Buying and Selling

In other ZoomInfo Technologies news, CRO James M. Roth sold 3,288 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $10.26, for a total value of $33,734.88. Following the sale, the executive directly owned 44,168 shares in the company, valued at approximately $453,163.68. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 4,027 shares of company stock valued at $41,372 in the last quarter. 9.00% of the stock is currently owned by 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.