Advantage Alpha Capital Partners LP Acquires 51,683 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Advantage Alpha Capital Partners LP increased its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 17.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 350,561 shares of the company’s stock after acquiring an additional 51,683 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in ZoomInfo Technologies were worth $3,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. bought a new stake in ZoomInfo Technologies during the third quarter valued at about $31,000. J.Safra Asset Management Corp lifted its position in shares of 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 buying an additional 2,388 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZoomInfo Technologies during the 3rd quarter valued at about $37,000. GAMMA Investing LLC grew its stake in shares of ZoomInfo Technologies by 114.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after acquiring an additional 2,134 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in ZoomInfo Technologies by 45.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock worth $80,000 after acquiring an additional 1,547 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Henry Schuck bought 492,500 shares of ZoomInfo Technologies stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Price Performance

NASDAQ:ZI opened at $10.86 on Tuesday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 362.12, a price-to-earnings-growth ratio of 13.88 and a beta of 1.03. 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 company has a 50 day moving average price of $10.56 and a 200-day moving average price of $11.05. ZoomInfo Technologies Inc. has a 1-year low of $7.65 and a 1-year high of $19.39.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ZI shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of ZoomInfo Technologies from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. DA Davidson lowered ZoomInfo Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $9.50 in a research note on Tuesday, August 6th. Daiwa America cut ZoomInfo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 13th. Bank of America lowered ZoomInfo Technologies from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $23.00 to $8.00 in a research note on Tuesday, August 6th. Finally, Stifel Nicolaus decreased their target price on ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average price target of $12.72.

ZoomInfo Technologies Company 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.