Fuller & Thaler Asset Management Inc. Purchases New Stake in ZoomInfo Technologies Inc. $ZI

Key Points

• Fuller & Thaler Asset Management Inc. acquired 5,193,266 shares of ZoomInfo Technologies Inc. for about $51.93 million, representing a 1.52% ownership stake in the company.
• ZoomInfo Technologies currently has a market cap of $3.57 billion and a twelve-month stock price range of $7.01 to $13.39, with a recently opened share price at $10.43.
• Analysts have increased their target prices for ZoomInfo Technologies, with Barclays and Piper Sandler setting it as high as $11.00, suggesting a consensus target price of $11.18 amidst mixed ratings.

Fuller & Thaler Asset Management Inc. purchased a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,193,266 shares of the company's stock, valued at approximately $51,933,000. Fuller & Thaler Asset Management Inc. owned approximately 1.52% of ZoomInfo Technologies at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ZI. Wealth Enhancement Advisory Services LLC boosted its position in ZoomInfo Technologies by 983.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,602 shares of the company's stock worth $1,126,000 after purchasing an additional 102,207 shares in the last quarter. GAMMA Investing LLC boosted its position in ZoomInfo Technologies by 28.8% during the first quarter. GAMMA Investing LLC now owns 6,636 shares of the company's stock worth $66,000 after purchasing an additional 1,484 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of ZoomInfo Technologies during the first quarter valued at approximately $480,000. Woodline Partners LP acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $308,000. Finally, Merit Financial Group LLC acquired a new position in shares of ZoomInfo Technologies during the first quarter valued at approximately $500,000. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:ZI traded up $0.65 during midday trading on Friday, hitting $10.75. The company had a trading volume of 3,426,500 shares, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a twelve month low of $7.01 and a twelve month high of $13.39. 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 stock has a market cap of $3.68 billion, a price-to-earnings ratio of 358.45, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The business's 50-day simple moving average is $10.26 and its 200-day simple moving average is $9.92.

Analysts Set New Price Targets

A number of equities analysts have commented on ZI shares. Piper Sandler increased their target price on ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Wells Fargo & Company increased their target price on ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, Barclays increased their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $11.18.

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.