Franklin Resources Inc. decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 62.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,453,555 shares of the company's stock after selling 4,042,011 shares during the period. Franklin Resources Inc. owned 0.71% of ZoomInfo Technologies worth $25,223,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its stake in shares of ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company's stock worth $341,111,000 after purchasing an additional 7,177,687 shares during the period. Pacer Advisors Inc. raised its position in ZoomInfo Technologies by 8,471.7% in the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock worth $85,421,000 after acquiring an additional 6,611,160 shares during the period. Marshall Wace LLP purchased a new position in ZoomInfo Technologies in the second quarter valued at about $73,435,000. Maverick Capital Ltd. bought a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at approximately $44,248,000. Finally, Primecap Management Co. CA increased its stake in shares of ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock worth $26,475,000 after purchasing an additional 1,267,171 shares during the last quarter. Institutional investors own 95.47% of the company's stock.
Several equities analysts recently commented on ZI shares. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Barclays upped their price target on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Scotiabank assumed coverage on ZoomInfo Technologies in a report on Monday, November 18th. They issued a "sector perform" rating and a $10.30 price objective for the company. Citigroup upped 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. Finally, Piper Sandler lifted their target price on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.77.
View Our Latest Stock Analysis on ZI
Shares of ZI opened at $10.48 on Friday. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.39. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 349.45, a PEG ratio of 13.58 and a beta of 1.02. The firm has a 50 day moving average price of $10.83 and a 200-day moving average price of $10.82. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.
In other news, CEO Henry Schuck bought 492,500 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the purchase, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CTO Ali Dasdan sold 4,898 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the sale, the chief technology officer now owns 118,659 shares of the company's stock, valued at $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by insiders.
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.
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