Zoominfo Technologies (NASDAQ:GTM) Cut to “Strong Sell” at Wells Fargo & Company

Wells Fargo & Company cut shares of Zoominfo Technologies (NASDAQ:GTMFree Report) from a hold rating to a strong sell rating in a research report report published on Friday morning, Marketbeat.com reports. Wells Fargo & Company currently has $9.00 target price on the stock, down from their prior target price of $10.00.

GTM has been the topic of several other research reports. Wall Street Zen upgraded Zoominfo Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Zoominfo Technologies in a research report on Thursday, May 22nd.

Check Out Our Latest Research Report on GTM

Zoominfo Technologies Trading Down 3.3%

Shares of NASDAQ:GTM opened at $9.66 on Friday. The firm has a market cap of $3.18 billion, a P/E ratio of 80.50 and a beta of 1.05. Zoominfo Technologies has a 12 month low of $7.01 and a 12 month high of $13.39.

Insider Buying and Selling at Zoominfo Technologies

In other Zoominfo Technologies news, CRO James M. Roth sold 18,408 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $184,448.16. Following the completion of the sale, the executive now owns 26,103 shares of the company’s stock, valued at $261,552.06. This trade represents a 41.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.

Further Reading

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