Trexquant Investment LP Takes Position in ZoomInfo Technologies Inc. $ZI

Key Points

• Trexquant Investment LP has acquired a new stake in ZoomInfo Technologies, purchasing 268,462 shares valued at around $2.685 million, representing approximately 0.08% of the company.
• Institutional investors dominate ZoomInfo's ownership, holding 95.47% of the company's stock, with significant purchases from firms like Deutsche Bank AG and LSV Asset Management.
• ZoomInfo's stock price is currently at $10.29, with a market capitalization of $3.52 billion and a 52-week range between $7.01 and $13.39.

Trexquant Investment LP acquired a new position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 268,462 shares of the company's stock, valued at approximately $2,685,000. Trexquant Investment LP owned about 0.08% of ZoomInfo Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ZI. UMB Bank n.a. grew its holdings in shares of ZoomInfo Technologies by 125.3% during the first quarter. UMB Bank n.a. now owns 3,396 shares of the company's stock worth $34,000 after purchasing an additional 1,889 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of 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 grew its holdings in shares of 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 grew its holdings in shares of 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 grew its holdings in shares of 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. Hedge funds and other institutional investors own 95.47% of the company's stock.

ZoomInfo Technologies Price Performance

Shares of ZI traded up $0.42 during mid-day trading on Tuesday, hitting $10.65. The company's stock had a trading volume of 4,247,618 shares, compared to its average volume of 7,578,001. The firm has a 50-day simple moving average of $10.41 and a 200 day simple moving average of $9.94. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year 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 firm has a market capitalization of $3.65 billion, a P/E ratio of 355.12, a P/E/G ratio of 13.05 and a beta of 1.02.

Wall Street Analysts Forecast Growth

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

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.