ZoomInfo Technologies Inc. $ZI Holdings Cut by Advantage Alpha Capital Partners LP

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 reduced its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 92.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,364 shares of the company's stock after selling 294,358 shares during the quarter. Advantage Alpha Capital Partners LP's holdings in ZoomInfo Technologies were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Jericho Capital Asset Management L.P. purchased a new position in shares of ZoomInfo Technologies in the 4th quarter worth $116,622,000. Deutsche Bank AG raised 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 buying an additional 10,181,253 shares during the period. Dimensional Fund Advisors LP raised its position in shares of ZoomInfo Technologies by 67.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after buying an additional 2,118,297 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of ZoomInfo Technologies in the 1st quarter worth $51,933,000. Finally, Primecap Management Co. CA raised 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 buying an additional 318,005 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ZoomInfo Technologies Stock Up 5.1%

Shares of ZoomInfo Technologies stock traded up $0.52 during trading hours on Thursday, hitting $10.75. 2,864,351 shares of the company's stock traded hands, compared to its average volume of 7,578,001. The stock has a 50 day simple moving average of $10.30 and a 200-day simple moving average of $9.93. 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 has a market cap of $3.68 billion, a PE ratio of 358.45, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $13.39.

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.