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

Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) have been given a consensus rating of “Hold” by the twenty-five brokerages that are currently covering the firm, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $89.10.

ZM has been the topic of several research analyst reports. Mizuho boosted their price objective on Zoom Video Communications from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Morgan Stanley upped their target price on shares of Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Benchmark upped their target price on Zoom Video Communications from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research report on Friday, January 10th. Finally, Jefferies Financial Group upgraded shares of Zoom Video Communications from a “hold” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $100.00 in a research note on Thursday, December 19th.

Insider Transactions at Zoom Video Communications

In other Zoom Video Communications news, Director Jonathan Chadwick sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $80.33, for a total value of $2,008,250.00. Following the completion of the transaction, the director now owns 1,514 shares of the company’s stock, valued at $121,619.62. This trade represents a 94.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric S. Yuan sold 178,571 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total value of $13,733,895.61. The disclosure for this sale can be found here. Insiders sold a total of 489,981 shares of company stock worth $38,712,948 over the last ninety days. Company insiders own 10.78% of the company’s stock.

Institutional Investors Weigh In On Zoom Video Communications

Large investors have recently modified their holdings of the company. Whalen Wealth Management Inc. acquired a new stake in shares of Zoom Video Communications in the 4th quarter valued at about $251,000. Avior Wealth Management LLC lifted its position in shares of Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the period. Dakota Wealth Management purchased a new position in shares of Zoom Video Communications in the fourth quarter valued at $849,000. Simon Quick Advisors LLC acquired a new stake in shares of Zoom Video Communications in the fourth quarter valued at approximately $320,000. Finally, Atomi Financial Group Inc. lifted its position in shares of Zoom Video Communications by 6.0% in the fourth quarter. Atomi Financial Group Inc. now owns 6,677 shares of the company’s stock valued at $545,000 after acquiring an additional 376 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Video Communications Price Performance

Shares of ZM opened at $78.07 on Thursday. Zoom Video Communications has a one year low of $55.06 and a one year high of $92.80. The firm has a market capitalization of $23.93 billion, a P/E ratio of 26.02, a PEG ratio of 4.97 and a beta of -0.01. The business has a fifty day moving average of $82.98 and a 200 day moving average of $71.82.

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.