AlphaQuest LLC Acquires 5,951 Shares of ZoomInfo Technologies Inc. $ZI

AlphaQuest LLC increased its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 139.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,213 shares of the company’s stock after purchasing an additional 5,951 shares during the period. AlphaQuest LLC’s holdings in ZoomInfo Technologies were worth $102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in ZoomInfo Technologies by 983.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company’s stock valued at $1,126,000 after acquiring an additional 102,207 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in ZoomInfo Technologies during the first quarter valued at approximately $51,933,000. GAMMA Investing LLC lifted its position in ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company’s stock valued at $66,000 after acquiring an additional 1,484 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in ZoomInfo Technologies during the first quarter valued at approximately $480,000. Finally, Woodline Partners LP purchased a new stake in ZoomInfo Technologies during the fourth quarter valued at approximately $308,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ZI shares. Barclays increased their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an “equal weight” rating in a research 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 company an “equal weight” rating in a research report on Tuesday, May 13th. Finally, Piper Sandler raised their price target on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ZoomInfo Technologies has an average rating of “Hold” and a consensus price target of $11.18.

ZoomInfo Technologies Stock Up 0.0%

ZI stock opened at $10.90 on Wednesday. The firm has a market cap of $3.73 billion, a PE ratio of 363.45, a P/E/G ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s fifty day moving average is $10.39 and its 200 day moving average is $9.94. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year 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.