Merit Financial Group LLC Purchases Shares of 50,014 ZoomInfo Technologies Inc. (NASDAQ:ZI)

Merit Financial Group LLC bought a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 50,014 shares of the company's stock, valued at approximately $500,000.

Several other institutional investors also recently bought and sold shares of ZI. Jericho Capital Asset Management L.P. purchased a new stake in ZoomInfo Technologies in the fourth quarter worth $116,622,000. Deutsche Bank AG increased its position in shares of ZoomInfo Technologies by 21,345.2% during the fourth quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock valued at $107,506,000 after buying an additional 10,181,253 shares during the period. JPMorgan Chase & Co. lifted its holdings in ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after buying an additional 1,591,960 shares during the period. Dimensional Fund Advisors LP boosted its position in ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock valued at $55,029,000 after acquiring an additional 2,118,297 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $48,336,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZI. Morgan Stanley reduced their price target on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson reduced their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Canaccord Genuity Group lifted their price target on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Barclays lifted their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, Scotiabank upped their price target on ZoomInfo Technologies from $10.30 to $11.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.63.

ZoomInfo Technologies Stock Performance

Shares of ZI stock traded up $0.12 on Thursday, reaching $10.24. The stock had a trading volume of 3,609,347 shares, compared to its average volume of 7,477,515. The stock has a market cap of $3.51 billion, a P/E ratio of 341.45, a price-to-earnings-growth 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. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $13.39. The company has a 50 day simple moving average of $9.11 and a 200 day simple moving average of $10.00.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $305.70 million for the quarter, compared to analysts' expectations of $295.60 million. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS. Equities research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

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.