Zoom Video Communications, Inc. (NASDAQ:ZM) Receives Consensus Rating of “Hold” from Brokerages

Zoom Video Communications, Inc. (NASDAQ:ZM) has received an average recommendation of “Hold” from the twenty-four ratings firms that are currently covering the company, Marketbeat.com reports. Fifteen analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $89.33.

A number of analysts recently commented on ZM shares. UBS Group decreased their target price on Zoom Video Communications from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Morgan Stanley increased their target price on Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Barclays reduced their price objective on shares of Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Jefferies Financial Group upgraded Zoom Video Communications from a “hold” rating to a “buy” rating and upped their price target for the stock from $85.00 to $100.00 in a report on Thursday, December 19th. Finally, Rosenblatt Securities restated a “buy” rating and set a $95.00 price objective on shares of Zoom Video Communications in a research note on Wednesday, March 19th.

Zoom Video Communications Trading Down 1.4 %

ZM opened at $73.77 on Tuesday. The company has a fifty day moving average price of $79.69 and a two-hundred day moving average price of $78.36. Zoom Video Communications has a 1-year low of $55.06 and a 1-year high of $92.80. The company has a market cap of $22.52 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 5.48 and a beta of 0.26.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $77.86, for a total value of $192,703.50. Following the completion of the transaction, the director now owns 169,452 shares of the company’s stock, valued at $13,193,532.72. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric S. Yuan sold 118,036 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $79.03, for a total transaction of $9,328,385.08. The disclosure for this sale can be found here. Insiders have sold a total of 371,746 shares of company stock valued at $29,689,595 over the last three months. 10.78% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ZM. Global X Japan Co. Ltd. raised its stake in shares of Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Zoom Video Communications by 277.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 258 shares during the period. Avior Wealth Management LLC raised its position in Zoom Video Communications by 291.2% in the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the period. Raiffeisen Bank International AG purchased a new stake in Zoom Video Communications during the fourth quarter valued at about $30,000. Finally, Colonial Trust Co SC bought a new position in shares of Zoom Video Communications during the fourth quarter valued at about $32,000. Institutional investors own 66.54% of the company’s stock.

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.