Zoom Video Communications, Inc. (NASDAQ:ZM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) have received a consensus rating of “Hold” from the nineteen research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $75.44.

Several brokerages have recently issued reports on ZM. Morgan Stanley reduced their price target on Zoom Video Communications from $72.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, June 14th. Sanford C. Bernstein reduced their target price on Zoom Video Communications from $82.00 to $78.00 and set a “market perform” rating for the company in a report on Tuesday, May 21st. Stifel Nicolaus cut their price target on Zoom Video Communications from $70.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, May 21st. Robert W. Baird cut their price target on Zoom Video Communications from $90.00 to $84.00 and set an “outperform” rating for the company in a report on Tuesday, May 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Zoom Video Communications in a report on Tuesday, May 21st.

Zoom Video Communications Trading Up 1.2 %

Shares of Zoom Video Communications stock opened at $59.19 on Friday. The company’s 50-day moving average price is $61.20 and its two-hundred day moving average price is $64.78. Zoom Video Communications has a 52 week low of $55.63 and a 52 week high of $75.90. The stock has a market cap of $18.31 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 8.97 and a beta of -0.01.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings results on Monday, May 20th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.23. Zoom Video Communications had a return on equity of 10.55% and a net margin of 18.37%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities analysts predict that Zoom Video Communications will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, Director Santiago Subotovsky sold 1,100 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $65.38, for a total value of $71,918.00. Following the transaction, the director now owns 154,459 shares of the company’s stock, valued at $10,098,529.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Zoom Video Communications news, CAO Shane Crehan sold 5,099 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $62.97, for a total value of $321,084.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Santiago Subotovsky sold 1,100 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $65.38, for a total value of $71,918.00. Following the completion of the sale, the director now owns 154,459 shares of the company’s stock, valued at $10,098,529.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,200 shares of company stock valued at $6,716,211. 10.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zoom Video Communications

Large investors have recently modified their holdings of the business. Principal Securities Inc. bought a new position in shares of Zoom Video Communications during the fourth quarter worth about $25,000. Quadrant Capital Group LLC grew its holdings in shares of Zoom Video Communications by 269.7% during the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock worth $26,000 after buying an additional 267 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Zoom Video Communications during the fourth quarter worth about $32,000. Rakuten Securities Inc. bought a new position in shares of Zoom Video Communications during the fourth quarter worth about $43,000. Finally, GAMMA Investing LLC bought a new position in shares of Zoom Video Communications during the fourth quarter worth about $48,000. 66.54% of the stock is currently owned by institutional investors.

About Zoom Video Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.