Trexquant Investment LP Makes New $2.69 Million Investment 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 ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 268,462 shares of the company's stock, valued at approximately $2,685,000. Trexquant Investment LP owned 0.08% of ZoomInfo Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its position in 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 purchasing an additional 10,181,253 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of ZoomInfo Technologies in the first quarter worth $51,933,000. Primecap Management Co. CA lifted its holdings in ZoomInfo Technologies by 7.3% in the first quarter. Primecap Management Co. CA now owns 4,689,906 shares of the company's stock valued at $46,899,000 after buying an additional 318,005 shares during the period. RPD Fund Management LLC purchased a new position in ZoomInfo Technologies in the fourth quarter valued at about $43,264,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in 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 purchasing an additional 246,924 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI traded up $0.11 during mid-day trading on Monday, reaching $10.23. 2,661,203 shares of the company were exchanged, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a 52 week low of $7.01 and a 52 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 company's 50 day moving average price is $10.41 and its 200 day moving average price is $9.94. The stock has a market capitalization of $3.50 billion, a PE ratio of 341.11, a PEG ratio of 13.05 and a beta of 1.02.

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.