ZoomInfo Technologies Inc. $ZI Shares Bought by AQR Capital Management LLC

Key Points

• AQR Capital Management significantly increased its holdings in ZoomInfo Technologies by 1,632.1%, owning approximately 5.4 million shares valued at about $53.67 million.
• Other institutional investors also boosted their positions, with Deutsche Bank AG raising its holdings by 21,345.2%, now owning over 10 million shares valued at approximately $107.5 million.
• Wall Street analysts have upgraded their price targets for ZoomInfo Technologies, with a consensus target price set at $11.18, and a majority rating of "Hold."

AQR Capital Management LLC grew its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 1,632.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,407,960 shares of the company's stock after buying an additional 5,095,746 shares during the quarter. AQR Capital Management LLC owned 1.58% of ZoomInfo Technologies worth $53,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of ZoomInfo Technologies by 125.3% during the 1st quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after buying an additional 1,889 shares during the last quarter. Brooklyn Investment Group lifted its stake in ZoomInfo Technologies by 180.5% during the first quarter. Brooklyn Investment Group now owns 5,138 shares of the company's stock worth $51,000 after purchasing an additional 3,306 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 purchasing an additional 1,484 shares during the last quarter. US Bancorp DE lifted its stake in ZoomInfo Technologies by 32.9% during the first quarter. US Bancorp DE now owns 8,458 shares of the company's stock worth $85,000 after purchasing an additional 2,092 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in ZoomInfo Technologies by 139.6% during the first quarter. AlphaQuest LLC now owns 10,213 shares of the company's stock worth $102,000 after purchasing an additional 5,951 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Piper Sandler raised their price objective on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company raised their price objective on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $11.18.

ZoomInfo Technologies Stock Performance

NASDAQ ZI traded up $0.42 during trading hours on Tuesday, hitting $10.65. The company had a trading volume of 4,247,618 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 quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $9.95. The firm has a market cap of $3.65 billion, a P/E ratio of 355.12, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02.

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.