ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Bought by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP increased its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 17.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 350,561 shares of the company's stock after acquiring an additional 51,683 shares during the quarter. 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company's stock worth $341,111,000 after acquiring an additional 7,177,687 shares during the last quarter. Pacer Advisors Inc. increased its position in ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock worth $95,716,000 after purchasing an additional 2,585,631 shares during the last quarter. Marshall Wace LLP purchased a new position in ZoomInfo Technologies during the second quarter worth about $73,435,000. Bank of New York Mellon Corp boosted its holdings in ZoomInfo Technologies by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company's stock valued at $42,005,000 after purchasing an additional 223,669 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of ZoomInfo Technologies by 20.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,232,733 shares of the company's stock valued at $41,279,000 after buying an additional 548,094 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Performance

NASDAQ ZI traded up $0.03 on Tuesday, reaching $10.89. The stock had a trading volume of 6,236,262 shares, compared to its average volume of 7,147,225. 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 stock has a market cap of $3.74 billion, a P/E ratio of 362.12, a price-to-earnings-growth ratio of 13.88 and a beta of 1.03. The business's 50-day moving average price is $10.56 and its 200 day moving average price is $11.05. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $19.39.

Insider Transactions at ZoomInfo Technologies

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ZI shares. Raymond James downgraded ZoomInfo Technologies from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 6th. DA Davidson downgraded shares of ZoomInfo Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the company from $20.00 to $9.50 in a research note on Tuesday, August 6th. Daiwa America cut shares of ZoomInfo Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Barclays cut their target price on ZoomInfo Technologies from $15.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 6th. Finally, Mizuho raised their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.72.

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.