ZoomInfo Technologies (NASDAQ:GTM) Shares Down 0.8% – What’s Next?

ZoomInfo Technologies Inc. (NASDAQ:GTM)’s share price traded down 0.8% during mid-day trading on Friday . The stock traded as low as $10.01 and last traded at $10.08. 3,034,034 shares traded hands during 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 research analysts have issued reports on the stock. Wall Street Zen upgraded shares of ZoomInfo Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Piper Sandler boosted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. KeyCorp boosted their price objective on shares of ZoomInfo Technologies from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Tuesday, August 5th. 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 research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Reduce” and an average price target of $10.67.

ZoomInfo Technologies Price Performance

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 company has a 50 day simple moving average of $10.75. The stock has a market capitalization of $3.21 billion, a P/E ratio of 38.77, a PEG ratio of 2.10 and a beta of 1.27.

ZoomInfo Technologies (NASDAQ:GTM) last issued its 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 company had revenue of $139.70 million for the quarter.

Insider Activity at ZoomInfo Technologies

In related news, CRO James M. Roth sold 3,288 shares of ZoomInfo Technologies stock in a transaction 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 transaction, the executive directly owned 44,168 shares of the company’s stock, valued at $453,163.68. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 4,027 shares of company stock valued at $41,372 over the last quarter. 9.00% of the stock is 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.