ZoomInfo Technologies Inc. $ZI Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,952,276 shares of the company’s stock after buying an additional 8,668 shares during the period. Franklin Resources Inc. owned about 0.57% of ZoomInfo Technologies worth $19,757,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ZI. Legal & General Group Plc grew its holdings in ZoomInfo Technologies by 8.1% during the 2nd quarter. Legal & General Group Plc now owns 450,796 shares of the company’s stock worth $4,562,000 after acquiring an additional 33,761 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of ZoomInfo Technologies by 1,001.8% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 555,315 shares of the company’s stock valued at $5,620,000 after purchasing an additional 504,915 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of ZoomInfo Technologies during the second quarter worth about $194,000. Swiss National Bank grew its stake in ZoomInfo Technologies by 10.2% in the second quarter. Swiss National Bank now owns 549,600 shares of the company’s stock worth $5,562,000 after purchasing an additional 50,700 shares in the last quarter. Finally, EMC Capital Management acquired a new position in ZoomInfo Technologies in the second quarter worth about $71,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Price Performance

Shares of ZI opened at $9.67 on Friday. ZoomInfo Technologies Inc. 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 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a fifty day moving average price of $10.66 and a 200 day moving average price of $10.42. The company has a market cap of $3.31 billion, a P/E ratio of 322.44, a PEG ratio of 13.05 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a $16.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Needham & Company LLC reiterated a “buy” rating on shares of ZoomInfo Technologies in a report on Tuesday, November 4th. KeyCorp reissued an “underweight” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada restated an “underperform” rating and set a $8.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average target price of $11.31.

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.