ZoomInfo Technologies (NASDAQ:GTM) Given New $14.00 Price Target at Barclays

ZoomInfo Technologies (NASDAQ:GTM) had its price objective increased by equities researchers at Barclays from $13.00 to $14.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 20.17% from the stock’s previous close.

GTM has been the subject of several other reports. Royal Bank Of Canada boosted their price objective on shares of ZoomInfo Technologies from $6.00 to $7.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Piper Sandler upped their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. KeyCorp upped their price target on shares of ZoomInfo Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday. Wells Fargo & Company assumed coverage on shares of ZoomInfo Technologies in a research report on Wednesday, October 1st. They set an “underweight” rating and a $10.00 price target for the company. Finally, DA Davidson assumed coverage on shares of ZoomInfo Technologies in a research report on Tuesday, August 5th. They set a “neutral” rating and a $11.00 price target for the company. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Reduce” and an average price target of $11.29.

ZoomInfo Technologies Trading Down 1.3%

GTM stock opened at $11.65 on Tuesday. The firm’s 50 day moving average is $10.95. ZoomInfo Technologies has a 12-month low of $7.01 and a 12-month high of $13.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $3.71 billion, a P/E ratio of 44.81, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25.

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

Insider Activity

In other news, CRO James M. Roth sold 3,288 shares of ZoomInfo Technologies 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 sale, the executive directly owned 44,168 shares in the company, valued at approximately $453,163.68. The trade was a 6.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 4,027 shares of company stock worth $41,372. 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.