DCF Advisers LLC Buys Shares of 30,000 Zoom Video Communications, Inc. (NASDAQ:ZM)

DCF Advisers LLC purchased a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) in the second quarter, HoldingsChannel reports. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $1,776,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Evoke Wealth LLC raised its holdings in Zoom Video Communications by 3.5% in the 4th quarter. Evoke Wealth LLC now owns 5,066 shares of the company’s stock valued at $364,000 after acquiring an additional 172 shares in the last quarter. Baader Bank Aktiengesellschaft raised its stake in shares of Zoom Video Communications by 0.8% in the second quarter. Baader Bank Aktiengesellschaft now owns 23,189 shares of the company’s stock valued at $1,370,000 after purchasing an additional 189 shares in the last quarter. Cantor Fitzgerald L. P. lifted its position in Zoom Video Communications by 2.7% in the fourth quarter. Cantor Fitzgerald L. P. now owns 7,566 shares of the company’s stock worth $544,000 after purchasing an additional 197 shares during the period. Excalibur Management Corp boosted its stake in Zoom Video Communications by 5.6% during the second quarter. Excalibur Management Corp now owns 4,344 shares of the company’s stock worth $257,000 after buying an additional 232 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Zoom Video Communications by 269.7% in the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock valued at $26,000 after buying an additional 267 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Video Communications Trading Up 1.3 %

Shares of ZM stock opened at $66.91 on Friday. The firm has a market capitalization of $20.69 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 5.83 and a beta of -0.05. The firm’s 50 day moving average is $62.52 and its 200-day moving average is $62.33. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $74.77.

Zoom Video Communications (NASDAQ:ZM) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.18. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. On average, equities research analysts forecast that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current fiscal year.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, CAO Shane Crehan sold 1,550 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total transaction of $103,648.50. Following the completion of the sale, the chief accounting officer now directly owns 1,463 shares of the company’s stock, valued at approximately $97,830.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zoom Video Communications news, CAO Shane Crehan sold 1,550 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total value of $103,648.50. Following the transaction, the chief accounting officer now directly owns 1,463 shares of the company’s stock, valued at $97,830.81. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kelly Steckelberg sold 5,007 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $57.59, for a total transaction of $288,353.13. The disclosure for this sale can be found here. Insiders have sold a total of 120,014 shares of company stock worth $7,070,162 over the last 90 days. Insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group raised shares of Zoom Video Communications to a “hold” rating in a report on Friday, July 26th. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price objective on Zoom Video Communications from $55.00 to $60.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Benchmark restated a “buy” rating and set a $83.00 target price on shares of Zoom Video Communications in a research report on Monday, August 5th. Finally, Robert W. Baird decreased their price target on Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Zoom Video Communications presently has an average rating of “Hold” and a consensus price target of $74.68.

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.