ZoomInfo Technologies (NASDAQ:GTM) Price Target Raised to $13.00

ZoomInfo Technologies (NASDAQ:GTM) had its price objective increased by UBS Group from $12.00 to $13.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company began coverage on ZoomInfo Technologies in a report on Wednesday, October 1st. They issued an “underweight” rating and a $10.00 target price for the company. Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Barclays boosted their price objective on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Tuesday. KeyCorp increased their target price on shares of ZoomInfo Technologies from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Royal Bank Of Canada lifted their price target on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $11.67.

ZoomInfo Technologies Stock Down 4.6%

Shares of NASDAQ:GTM opened at $10.70 on Tuesday. ZoomInfo Technologies has a 52 week low of $7.01 and a 52 week high of $13.39. The firm has a 50-day moving average price of $10.99. The firm has a market capitalization of $3.41 billion, a P/E ratio of 34.52, a P/E/G ratio of 1.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.71 and a current ratio of 0.67.

ZoomInfo Technologies (NASDAQ:GTM) last released its earnings results on Tuesday, February 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $139.70 million for the quarter. ZoomInfo Technologies had a return on equity of 14.55% and a net margin of 8.40%.

Insider Buying and Selling at ZoomInfo Technologies

In related news, General Counsel Ashley Mcgrane sold 6,600 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total transaction of $77,154.00. Following the sale, the general counsel owned 28,399 shares of the company’s stock, valued at $331,984.31. This trade represents a 18.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO James M. Roth sold 3,288 shares of ZoomInfo Technologies stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $10.26, for a total value of $33,734.88. Following the sale, the executive owned 44,168 shares of the company’s stock, valued at approximately $453,163.68. This represents a 6.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,142 shares of company stock valued at $124,289 in the last three months. 9.00% of the stock is currently owned by company 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.