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

ZoomInfo Technologies (NASDAQ:GTM) had its price objective raised by Citigroup from $11.00 to $13.00 in a report published on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a research note on Tuesday. Wells Fargo & Company started coverage on shares of ZoomInfo Technologies in a research report on Wednesday, October 1st. They issued an “underweight” rating and a $10.00 price objective on the stock. KeyCorp increased their target price on ZoomInfo Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday. UBS Group boosted their price target on ZoomInfo Technologies from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, DA Davidson initiated coverage on ZoomInfo Technologies in a report on Tuesday, August 5th. They set a “neutral” rating and a $11.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $11.67.

ZoomInfo Technologies Stock Performance

Shares of GTM opened at $10.70 on Tuesday. The company has a fifty day moving average price of $10.99. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. 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 0.86, a current ratio of 0.67 and a quick ratio of 0.71.

ZoomInfo Technologies (NASDAQ:GTM) last announced its quarterly earnings data 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 net margin of 8.40% and a return on equity of 14.55%.

Insider Buying and Selling at ZoomInfo Technologies

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