Wall Street Zen Upgrades ZoomInfo Technologies (NASDAQ:GTM) to Buy

Wall Street Zen upgraded shares of ZoomInfo Technologies (NASDAQ:GTMFree Report) from a hold rating to a buy rating in a report issued on Saturday.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company cut shares of ZoomInfo Technologies from a “hold” rating to a “strong sell” rating and reduced their price target for the company from $10.00 to $9.00 in a research report on Friday, June 13th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Thursday, May 22nd.

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ZoomInfo Technologies Price Performance

Shares of GTM opened at $10.26 on Friday. ZoomInfo Technologies has a 1-year low of $7.01 and a 1-year high of $13.39. The firm has a market capitalization of $3.37 billion, a P/E ratio of 85.51, a P/E/G ratio of 1.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.66 and a quick ratio of 0.66.

Insider Buying and Selling

In other ZoomInfo Technologies news, CRO James M. Roth sold 18,408 shares of ZoomInfo Technologies stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $10.02, for a total value of $184,448.16. Following the transaction, the executive directly owned 26,103 shares in the company, valued at approximately $261,552.06. The trade was a 41.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 35,819 shares of company stock valued at $359,478 in the last quarter. Insiders own 9.00% of the company’s stock.

About ZoomInfo Technologies

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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.

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