Franklin Resources Inc. Has $25.22 Million Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Franklin Resources Inc. decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 62.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,453,555 shares of the company's stock after selling 4,042,011 shares during the quarter. Franklin Resources Inc. owned 0.71% of ZoomInfo Technologies worth $25,223,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ZI. Victory Capital Management Inc. lifted its stake in shares of ZoomInfo Technologies by 83.4% in the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company's stock worth $1,689,000 after acquiring an additional 74,455 shares in the last quarter. Versor Investments LP purchased a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $516,000. XTX Topco Ltd acquired a new position in shares of ZoomInfo Technologies in the 3rd quarter valued at approximately $895,000. State Street Corp boosted its stake in shares of ZoomInfo Technologies by 2.0% during the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after buying an additional 165,440 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth approximately $720,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZI. Mizuho increased their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Barclays lifted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. KeyCorp downgraded ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a research note on Friday, December 13th. Finally, Citigroup increased their price objective on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a "sell" rating in a report on Thursday, November 14th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies currently has a consensus rating of "Hold" and a consensus price target of $12.77.

Insider Transactions at ZoomInfo Technologies

In other news, CEO Henry Schuck purchased 492,500 shares of the business's stock in a transaction on Friday, November 15th. The stock was purchased at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the acquisition, the chief executive officer now directly owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is owned by corporate insiders.

ZoomInfo Technologies Stock Up 3.0 %

Shares of ZI stock traded up $0.31 on Friday, hitting $10.79. The company's stock had a trading volume of 13,932,025 shares, compared to its average volume of 7,086,463. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 359.79, a P/E/G ratio of 13.58 and a beta of 1.02. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.17. The firm's fifty day moving average price is $10.83 and its 200-day moving average price is $10.82. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with 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.