ZoomInfo Technologies Inc. $ZI Shares Purchased 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 boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 1,632.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,407,960 shares of the company's stock after acquiring an additional 5,095,746 shares during the quarter. AQR Capital Management LLC owned 1.58% of ZoomInfo Technologies worth $53,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZI. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 28.8% in the 1st quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock valued at $66,000 after acquiring an additional 1,484 shares during the period. UMB Bank n.a. increased its stake in ZoomInfo Technologies by 125.3% in the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock valued at $34,000 after purchasing an additional 1,889 shares during the period. US Bancorp DE increased its stake 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. Wedmont Private Capital raised its holdings in shares of ZoomInfo Technologies by 18.8% in the first quarter. Wedmont Private Capital now owns 14,386 shares of the company's stock valued at $144,000 after buying an additional 2,272 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of ZoomInfo Technologies by 3.6% during the first quarter. Impax Asset Management Group plc now owns 66,701 shares of the company's stock worth $667,000 after buying an additional 2,295 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Performance

ZI traded up $0.35 on Friday, hitting $11.75. 5,500,812 shares of the company traded hands, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. The company has a 50 day moving average of $10.49 and a 200-day moving average of $9.98. 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 stock has a market capitalization of $4.02 billion, a PE ratio of 391.80, a PEG 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.