Zoom Video Communications, Inc. (NASDAQ:ZM) Receives $77.56 Average Target Price from Analysts

Zoom Video Communications, Inc. (NASDAQ:ZM) has been given an average rating of “Hold” by the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $77.56.

ZM has been the topic of several recent research reports. Piper Sandler increased their target price on shares of Zoom Video Communications from $69.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Wedbush reaffirmed a “neutral” rating and set a $80.00 target price on shares of Zoom Video Communications in a report on Tuesday, February 27th. Jefferies Financial Group initiated coverage on shares of Zoom Video Communications in a report on Tuesday, March 19th. They set a “hold” rating and a $70.00 target price on the stock. BNP Paribas lowered shares of Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a report on Thursday, January 18th. Finally, Mizuho reduced their target price on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th.

Zoom Video Communications Stock Performance

Zoom Video Communications stock opened at $59.94 on Tuesday. The firm’s fifty day moving average price is $64.95 and its 200-day moving average price is $66.03. The stock has a market cap of $18.44 billion, a P/E ratio of 29.38 and a beta of -0.07. Zoom Video Communications has a fifty-two week low of $58.87 and a fifty-two week high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last released its earnings results on Monday, February 26th. The company reported $0.76 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, analysts predict that Zoom Video Communications will post 2.15 earnings per share for the current year.

Insider Transactions at Zoom Video Communications

In other news, CEO Eric S. Yuan sold 27,963 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $61.98, for a total value of $1,733,146.74. Following the completion of the sale, the chief executive officer now directly owns 95,140 shares of the company’s stock, valued at approximately $5,896,777.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Eric S. Yuan sold 27,963 shares of Zoom Video Communications stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $61.98, for a total transaction of $1,733,146.74. Following the completion of the transaction, the chief executive officer now directly owns 95,140 shares of the company’s stock, valued at approximately $5,896,777.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Eric S. Yuan sold 2,421 shares of Zoom Video Communications stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $63.69, for a total transaction of $154,193.49. Following the transaction, the chief executive officer now directly owns 90,001 shares of the company’s stock, valued at $5,732,163.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,249 shares of company stock valued at $4,252,841. Company insiders own 11.28% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in Zoom Video Communications in the fourth quarter worth about $25,000. Quadrant Capital Group LLC raised its holdings in Zoom Video Communications by 269.7% in 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 during the last quarter. AM Squared Ltd purchased a new position in Zoom Video Communications in the third quarter worth about $28,000. LM Advisors LLC purchased a new position in Zoom Video Communications in the fourth quarter worth about $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in Zoom Video Communications in the fourth quarter worth about $32,000. 66.54% of the stock is owned by hedge funds and other 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.