Zoom Video Communications, Inc. (NASDAQ:ZM) Given Average Rating of “Hold” by Brokerages

Zoom Video Communications, Inc. (NASDAQ:ZM) has been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $77.56.

A number of analysts have commented on ZM shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $75.00 target price on shares of Zoom Video Communications in a report on Tuesday, March 26th. Wedbush reiterated a “neutral” rating and issued a $80.00 price target on shares of Zoom Video Communications in a research report on Tuesday, February 27th. Wells Fargo & Company lowered shares of Zoom Video Communications from an “equal weight” rating to an “underweight” rating and set a $70.00 price target for the company. in a research report on Wednesday, December 20th. Jefferies Financial Group assumed coverage on shares of Zoom Video Communications in a research report on Tuesday, March 19th. They issued a “hold” rating and a $70.00 price target for the company. Finally, BNP Paribas lowered shares of Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 price target for the company. in a research report on Thursday, January 18th.

Insider Activity

In related news, COO Aparna Bawa sold 19,207 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $67.00, for a total value of $1,286,869.00. Following the transaction, the chief operating officer now owns 1,978 shares of the company’s stock, valued at approximately $132,526. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Aparna Bawa sold 19,207 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $67.00, for a total value of $1,286,869.00. Following the transaction, the chief operating officer now owns 1,978 shares of the company’s stock, valued at approximately $132,526. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Santiago Subotovsky sold 1,100 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $65.38, for a total transaction of $71,918.00. Following the completion of the transaction, the director now directly owns 154,459 shares in the company, valued at approximately $10,098,529.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,456 shares of company stock valued at $5,539,710. 11.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Global Wealth Management Investment Advisory Inc. grew its holdings in Zoom Video Communications by 63.3% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares in the last quarter. Neo Ivy Capital Management grew its holdings in Zoom Video Communications by 56.8% during the 2nd quarter. Neo Ivy Capital Management now owns 367 shares of the company’s stock worth $39,000 after acquiring an additional 133 shares in the last quarter. Covestor Ltd grew its holdings in Zoom Video Communications by 76.7% during the 1st quarter. Covestor Ltd now owns 394 shares of the company’s stock worth $46,000 after acquiring an additional 171 shares in the last quarter. Evoke Wealth LLC boosted its holdings in shares of 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 buying an additional 172 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Zoom Video Communications by 1.8% in the 1st quarter. MML Investors Services LLC now owns 9,550 shares of the company’s stock valued at $705,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Stock Down 2.3 %

ZM opened at $60.24 on Tuesday. The firm has a 50 day moving average price of $65.21 and a 200-day moving average price of $66.19. Zoom Video Communications has a twelve month low of $58.87 and a twelve month high of $75.90. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 29.53 and a beta of -0.07.

Zoom Video Communications (NASDAQ:ZM) last announced its earnings results on Monday, February 26th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. As a group, analysts expect that Zoom Video Communications will post 2.15 earnings per share for the current year.

Zoom Video Communications Company Profile

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.