PDT Partners LLC Makes New $1.40 Million Investment in ZoomInfo Technologies Inc. $ZI

Key Points

• PDT Partners LLC has acquired a new stake in ZoomInfo Technologies Inc., purchasing 139,712 shares valued at approximately $1.4 million during the first quarter.
• Analysts have recently raised their price targets for ZoomInfo Technologies, with targets now reaching between $10.00 and $11.00, resulting in a consensus rating of "Hold" for the stock.
• Institutional investors currently own 95.47% of ZoomInfo Technologies' stock, indicating strong institutional interest in the company.

PDT Partners LLC bought a new stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 139,712 shares of the company's stock, valued at approximately $1,397,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its position in shares of ZoomInfo Technologies by 21,345.2% in the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after acquiring an additional 10,181,253 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of ZoomInfo Technologies in the 1st quarter worth approximately $51,933,000. Primecap Management Co. CA lifted its position in shares of ZoomInfo Technologies by 7.3% in the 1st quarter. Primecap Management Co. CA now owns 4,689,906 shares of the company's stock worth $46,899,000 after acquiring an additional 318,005 shares during the period. RPD Fund Management LLC bought a new stake in shares of ZoomInfo Technologies in the 4th quarter worth approximately $43,264,000. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of ZoomInfo Technologies by 6.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,802,180 shares of the company's stock worth $39,961,000 after acquiring an additional 246,924 shares during the period. Institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Trading Up 1.1%

Shares of NASDAQ:ZI traded up $0.11 during midday trading on Monday, hitting $10.23. The company had a trading volume of 2,661,203 shares, 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 current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 341.11, a PEG ratio of 13.05 and a beta of 1.02. The firm has a fifty day simple moving average of $10.41 and a 200 day simple moving average of $9.94.

Wall Street Analyst Weigh In

Several analysts have recently commented on ZI shares. Barclays increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Wells Fargo & Company increased their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Finally, Piper Sandler increased their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.18.

ZoomInfo Technologies 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.