Research Analysts’ Recent Ratings Updates for Zoom Video Communications (ZM)

Several analysts have recently updated their ratings and price targets for Zoom Video Communications (NASDAQ: ZM):

  • 5/21/2024 – Zoom Video Communications had its price target lowered by analysts at Wells Fargo & Company from $70.00 to $60.00. They now have an “underweight” rating on the stock.
  • 5/21/2024 – Zoom Video Communications had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $95.00 price target on the stock.
  • 5/21/2024 – Zoom Video Communications had its price target lowered by analysts at Robert W. Baird from $90.00 to $84.00. They now have an “outperform” rating on the stock.
  • 5/21/2024 – Zoom Video Communications had its price target raised by analysts at Citigroup Inc. from $76.00 to $77.00. They now have a “neutral” rating on the stock.
  • 5/21/2024 – Zoom Video Communications had its price target lowered by analysts at Sanford C. Bernstein from $82.00 to $78.00. They now have a “market perform” rating on the stock.
  • 5/21/2024 – Zoom Video Communications had its price target lowered by analysts at Evercore ISI from $72.00 to $70.00. They now have an “in-line” rating on the stock.
  • 5/21/2024 – Zoom Video Communications had its price target lowered by analysts at Stifel Nicolaus from $70.00 to $65.00. They now have a “hold” rating on the stock.
  • 5/21/2024 – Zoom Video Communications had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 5/21/2024 – Zoom Video Communications had its price target raised by analysts at Rosenblatt Securities from $75.00 to $78.00. They now have a “buy” rating on the stock.
  • 4/18/2024 – Zoom Video Communications was upgraded by analysts at Rosenblatt Securities from a “neutral” rating to a “buy” rating. They now have a $75.00 price target on the stock.

Zoom Video Communications Stock Performance

Shares of NASDAQ ZM opened at $62.09 on Thursday. Zoom Video Communications, Inc. has a 1 year low of $58.87 and a 1 year high of $75.90. The stock has a fifty day moving average price of $62.29 and a two-hundred day moving average price of $65.86. The firm has a market cap of $19.20 billion, a P/E ratio of 23.17, a PEG ratio of 9.67 and a beta of -0.01.

Insider Activity

In other news, CEO Eric S. Yuan sold 2,420 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $61.80, for a total value of $149,556.00. Following the completion of the sale, the chief executive officer now owns 85,460 shares in the company, valued at $5,281,428. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Eric S. Yuan sold 2,420 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $61.80, for a total transaction of $149,556.00. Following the completion of the sale, the chief executive officer now directly owns 85,460 shares in the company, valued at $5,281,428. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Velchamy Sankarlingam sold 1,553 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $108,710.00. Following the transaction, the insider now directly owns 71,956 shares in the company, valued at $5,036,920. The disclosure for this sale can be found here. Insiders sold 99,103 shares of company stock worth $6,164,767 over the last quarter. Corporate insiders own 10.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZM. Principal Securities Inc. bought a new position in shares of Zoom Video Communications in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC increased its holdings in shares of Zoom Video Communications by 269.7% in the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Zoom Video Communications in the fourth quarter valued at approximately $32,000. Rakuten Securities Inc. acquired a new stake in shares of Zoom Video Communications in the fourth quarter valued at approximately $43,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Zoom Video Communications in the fourth quarter valued at approximately $48,000. Institutional investors own 66.54% of the company’s stock.

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.

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