ZoomInfo Technologies (NASDAQ:GTM) Given New $13.00 Price Target at UBS Group

ZoomInfo Technologies (NASDAQ:GTM) had its target price hoisted by research analysts at UBS Group from $12.00 to $13.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 7.71% from the stock’s previous close.

GTM has been the topic of a number of other reports. Royal Bank Of Canada lifted their target price on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Piper Sandler lifted 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 upped their target price on shares of ZoomInfo Technologies from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday. DA Davidson assumed coverage on ZoomInfo Technologies in a report on Tuesday, August 5th. They set a “neutral” rating and a $11.00 price target on the stock. Finally, KeyCorp boosted their price target on ZoomInfo Technologies from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $11.50.

ZoomInfo Technologies Price Performance

Shares of GTM traded up $0.27 during midday trading on Tuesday, reaching $12.07. 2,816,968 shares of the stock were exchanged, compared to its average volume of 5,493,620. ZoomInfo Technologies has a twelve month low of $7.01 and a twelve month high of $13.39. 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 stock has a market cap of $3.85 billion, a P/E ratio of 46.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. The firm has a 50-day simple moving average of $10.95.

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

Insiders Place Their Bets

In other ZoomInfo Technologies news, CRO James M. Roth sold 3,288 shares of the business’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 transaction, the executive owned 44,168 shares in the company, valued at approximately $453,163.68. The trade was a 6.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 4,027 shares of company stock valued at $41,372. 9.00% of the stock is currently owned by 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.