Citigroup Boosts ZoomInfo Technologies (NASDAQ:GTM) Price Target to $13.00
Citigroup has raised its price target for ZoomInfo Technologies (NASDAQ:GTM) from $11.00 to $13.00, maintaining a "neutral" rating. This new target suggests an upside potential of 11.97% from the current stock price. Other analysts have varied opinions, with ratings ranging from "underweight" to "buy." The stock recently traded down 1.6% to $11.61, with an average target price of $11.67. ZoomInfo Technologies reported a quarterly revenue of $139.70 million and has a market cap of $3.70 billion.
ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) had its price objective lifted by stock analysts at Citigroup from $11.00 to $13.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 11.97% from the stock's current price.
GTM has been the subject of several other reports. Wells Fargo & Company started coverage on ZoomInfo Technologies in a research report on Wednesday, October 1st. They issued an "underweight" rating and a $10.00 price target for the company. Piper Sandler upped their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. KeyCorp raised their price objective on shares of ZoomInfo Technologies from $9.00 to $10.00 and gave the company an "underweight" rating in a research report on Tuesday. UBS Group boosted their price objective on shares of ZoomInfo Technologies from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Royal Bank Of Canada increased their target price on shares of ZoomInfo Technologies from $7.00 to $8.00 and gave the stock an "underperform" rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, ZoomInfo Technologies presently has an average rating of "Reduce" and an average target price of $11.67.
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ZoomInfo Technologies Trading Down 1.6%
Shares of GTM stock traded down $0.19 on Tuesday, hitting $11.61. 5,063,621 shares of the stock were exchanged, compared to its average volume of 5,505,979. The firm has a 50 day moving average price of $10.95. ZoomInfo Technologies has a one year low of $7.01 and a one year high of $13.39. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.32 and a beta of 1.25. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.
ZoomInfo Technologies (NASDAQ:GTM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $139.70 million for the quarter. ZoomInfo Technologies had a net margin of 7.28% and a return on equity of 14.37%.
Insider Buying and Selling at ZoomInfo Technologies
In other ZoomInfo Technologies news, CRO James M. Roth sold 3,288 shares of the company'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 value of $33,734.88. Following the completion of the sale, the executive owned 44,168 shares of the company's stock, valued at $453,163.68. This represents 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 the SEC website. Over the last 90 days, insiders sold 4,027 shares of company stock worth $41,372. Company insiders own 9.00% of the company's stock.
ZoomInfo Technologies Company Profile
(Get Free Report)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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