Advantage Alpha Capital Partners LP Has $235,000 Stock Holdings in ZoomInfo Technologies Inc. $ZI

Key Points

• Advantage Alpha Capital Partners LP significantly reduced its stake in ZoomInfo Technologies Inc. by 92.9%, selling over 294,000 shares and ending with a total of 22,364 shares valued at approximately $235,000.
• Institutional investments in ZoomInfo have varied, with UMB Bank n.a. increasing its holdings by 125.3%, and several other firms also boosting their positions during the first quarter.
• ZoomInfo's shares opened at $10.10, with a market capitalization of $3.46 billion, and analysts have set a consensus target price of $11.18 with varying ratings.

Advantage Alpha Capital Partners LP trimmed its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 92.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,364 shares of the company's stock after selling 294,358 shares during the period. Advantage Alpha Capital Partners LP's holdings in ZoomInfo Technologies were worth $235,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ZI. UMB Bank n.a. raised its position in ZoomInfo Technologies by 125.3% during the 1st 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 raised its position in ZoomInfo Technologies by 180.5% during the 1st 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 raised its position in ZoomInfo Technologies by 28.8% during the 1st 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 raised its position in ZoomInfo Technologies by 32.9% during the 1st 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, Allegiance Financial Group Advisory Services LLC bought a new position in ZoomInfo Technologies during the 1st quarter worth $103,000. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Up 6.4%

Shares of ZI traded up $0.65 during trading hours on Monday, hitting $10.75. The stock had a trading volume of 3,426,500 shares, compared to its average volume of 7,578,001. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a 50 day simple moving average of $10.28 and a 200-day simple moving average of $9.92. The firm has a market capitalization of $3.68 billion, a P/E ratio of 358.45, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 1-year low of $7.01 and a 1-year high of $13.39.

Analysts Set New Price Targets

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