KeyCorp Boosts ZoomInfo Technologies (NASDAQ:GTM) Price Target to $10.00

ZoomInfo Technologies (NASDAQ:GTM) had its target price hoisted by analysts at KeyCorp from $9.00 to $10.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. KeyCorp’s price objective would indicate a potential downside of 15.25% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada raised their target price on ZoomInfo Technologies from $6.00 to $7.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th. Piper Sandler raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Wells Fargo & Company assumed coverage on ZoomInfo Technologies in a research report on Wednesday, October 1st. They set an “underweight” rating and a $10.00 target price on the stock. 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 target for the company. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $10.83.

ZoomInfo Technologies Price Performance

GTM stock opened at $11.80 on Tuesday. The company has a fifty day simple moving average of $10.95. The stock has a market cap of $3.76 billion, a P/E ratio of 45.39, a P/E/G ratio of 2.32 and a beta of 1.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.71. ZoomInfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.39.

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

Insider Activity at ZoomInfo Technologies

In related news, CRO James M. Roth sold 3,288 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $10.26, for a total transaction of $33,734.88. Following the completion of the sale, the executive directly owned 44,168 shares in the company, valued at approximately $453,163.68. This trade represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 4,027 shares of company stock worth $41,372. 9.00% of the stock is 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.