Advantage Alpha Capital Partners LP Raises Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Advantage Alpha Capital Partners LP boosted its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 17.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,561 shares of the company’s stock after purchasing an additional 51,683 shares during the period. Advantage Alpha Capital Partners LP owned about 0.10% of ZoomInfo Technologies worth $3,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in ZoomInfo Technologies by 45.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after purchasing an additional 1,547 shares during the period. GAMMA Investing LLC lifted its stake in ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after acquiring an additional 2,134 shares during the period. State of Alaska Department of Revenue boosted its holdings in ZoomInfo Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after acquiring an additional 2,275 shares in the last quarter. J.Safra Asset Management Corp increased its position in ZoomInfo Technologies by 955.2% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock valued at $34,000 after purchasing an additional 2,388 shares during the period. Finally, KBC Group NV raised its holdings in ZoomInfo Technologies by 39.0% in the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock worth $97,000 after purchasing an additional 2,635 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Trading Up 2.2 %

Shares of NASDAQ:ZI opened at $10.86 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a market cap of $3.73 billion, a P/E ratio of 362.12, a PEG ratio of 13.88 and a beta of 1.03. The stock’s fifty day moving average price is $10.56 and its 200-day moving average price is $11.05.

Insiders Place Their Bets

In related news, CEO Henry Schuck bought 492,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the purchase, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on ZI shares. Piper Sandler upped their target price on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. DA Davidson lowered ZoomInfo Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $9.50 in a research report on Tuesday, August 6th. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price on the stock. Mizuho increased their price target on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Truist Financial dropped their price objective on shares of ZoomInfo Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average target price of $12.72.

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.