Acadian Asset Management LLC Buys New Shares in ZoomInfo Technologies Inc. $ZI

Key Points

• Acadian Asset Management LLC has made a new investment in ZoomInfo Technologies Inc., purchasing 145,149 shares valued at approximately $1.45 million during the first quarter.
• Institutional investors now own 95.47% of ZoomInfo Technologies, with other firms like UBS and Goldman Sachs also increasing their positions in the company.
• ZoomInfo Technologies' stock price has risen 4.6% recently, with shares trading at $12.20, and the company has a market cap of $4.18 billion.

Acadian Asset Management LLC acquired a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 145,149 shares of the company's stock, valued at approximately $1,451,000.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in ZoomInfo Technologies by 125.3% in the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock worth $34,000 after acquiring an additional 1,889 shares during the last quarter. Brooklyn Investment Group raised its stake in ZoomInfo Technologies by 180.5% in the first quarter. Brooklyn Investment Group now owns 5,138 shares of the company's stock valued at $51,000 after buying an additional 3,306 shares during the last quarter. GAMMA Investing LLC grew its holdings in ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after acquiring an additional 1,484 shares during the period. US Bancorp DE grew its holdings in ZoomInfo Technologies by 32.9% in the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock valued at $85,000 after purchasing an additional 2,092 shares during the period. Finally, AlphaQuest LLC lifted its position in shares of ZoomInfo Technologies by 139.6% in the first quarter. AlphaQuest LLC now owns 10,213 shares of the company's stock valued at $102,000 after acquiring an additional 5,951 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Trading Down 2.6%

Shares of NASDAQ ZI traded down $0.31 during trading on Friday, reaching $11.83. The stock had a trading volume of 10,717,520 shares, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The company has a market cap of $4.05 billion, a P/E ratio of 394.46, a PEG ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The business's 50-day moving average price is $10.66 and its 200-day moving average price is $9.99.

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.