ZoomInfo Technologies Inc. (NASDAQ:ZI) Position Decreased by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,927,198 shares of the company's stock after selling 526,357 shares during the quarter. Franklin Resources Inc. owned about 0.56% of ZoomInfo Technologies worth $20,255,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ZI. CIBC Private Wealth Group LLC lifted its stake in shares of ZoomInfo Technologies by 45.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 485,910 shares of the company's stock worth $4,670,000 after acquiring an additional 152,978 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $279,000. Norges Bank acquired a new position in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $17,042,000. BIT Capital GmbH grew its position in shares of ZoomInfo Technologies by 51.9% during the fourth quarter. BIT Capital GmbH now owns 585,171 shares of the company's stock worth $6,150,000 after buying an additional 199,955 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after buying an additional 1,591,960 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ZI. Morgan Stanley raised their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Scotiabank boosted their price objective on ZoomInfo Technologies from $10.30 to $11.00 and gave the company a "sector perform" rating in a report on Thursday, February 27th. Wells Fargo & Company increased their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Canaccord Genuity Group boosted their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus raised their price objective on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of "Hold" and a consensus target price of $11.92.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ:ZI traded up $0.09 on Friday, hitting $7.93. The company's stock had a trading volume of 5,897,558 shares, compared to its average volume of 7,276,543. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 264.42, a price-to-earnings-growth ratio of 13.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $16.98. The stock's 50-day moving average is $10.16 and its two-hundred day moving average is $10.40.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The company had revenue of $309.10 million during the quarter, compared to the consensus estimate of $297.64 million. On average, equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

ZoomInfo Technologies Company Profile

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.