Arrowstreet Capital Limited Partnership Increases Holdings in ZoomInfo Technologies Inc. $ZI

Arrowstreet Capital Limited Partnership increased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 105.5% during the second quarter, HoldingsChannel.com reports. The fund owned 1,274,630 shares of the company’s stock after acquiring an additional 654,363 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in ZoomInfo Technologies were worth $12,899,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new stake in ZoomInfo Technologies during the first quarter worth $51,933,000. AQR Capital Management LLC increased its position in shares of ZoomInfo Technologies by 1,632.1% in the first quarter. AQR Capital Management LLC now owns 5,407,960 shares of the company’s stock valued at $53,674,000 after buying an additional 5,095,746 shares in the last quarter. Park West Asset Management LLC acquired a new position in shares of ZoomInfo Technologies during the 1st quarter worth $26,599,000. Adage Capital Partners GP L.L.C. boosted its position in shares of ZoomInfo Technologies by 250.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,625,000 shares of the company’s stock worth $26,250,000 after buying an additional 1,875,000 shares in the last quarter. Finally, Norges Bank acquired a new stake in ZoomInfo Technologies in the 2nd quarter valued at about $16,038,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

ZoomInfo Technologies Stock Performance

Shares of ZI opened at $9.94 on Tuesday. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. 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 firm has a market cap of $3.40 billion, a price-to-earnings ratio of 331.44, a PEG ratio of 13.05 and a beta of 1.02. The business’s 50 day moving average is $10.40 and its two-hundred day moving average is $10.42.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a $16.00 target price on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Needham & Company LLC restated a “buy” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $8.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Finally, KeyCorp reissued an “underweight” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.31.

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.