Shares of Zoom Video Communications, Inc. (NASDAQ:ZM – Get Ranking) have earned a consensus ranking of “Maintain” from the thirty-two analysts which can be presently protecting the corporate, Marketbeat Rankings reviews. One analyst has rated the inventory with a promote suggestion, fourteen have issued a maintain suggestion and ten have issued a purchase suggestion on the corporate. The typical twelve-month worth goal amongst brokers which have up to date their protection on the inventory within the final yr is $133.65.
A lot of brokerages have weighed in on ZM. Guggenheim lowered their worth goal on Zoom Video Communications to $130.00 in a analysis notice on Wednesday, Might twenty fifth. Royal Financial institution of Canada lowered their worth goal on Zoom Video Communications from $150.00 to $130.00 in a analysis notice on Tuesday, August twenty third. KeyCorp started protection on Zoom Video Communications in a analysis notice on Monday, September twelfth. They set a “sector weight” ranking for the corporate. Citigroup lowered their worth goal on Zoom Video Communications from $91.00 to $76.00 and set a “promote” ranking for the corporate in a analysis notice on Tuesday, August twenty third. Lastly, Mizuho decreased their goal worth on Zoom Video Communications from $190.00 to $120.00 and set a “purchase” ranking for the corporate in a analysis report on Tuesday, August twenty third.
Insider Exercise
In different information, COO Aparna Bawa offered 2,000 shares of Zoom Video Communications inventory in a transaction on Tuesday, June twenty eighth. The inventory was offered at a median worth of $116.62, for a complete transaction of $233,240.00. Following the transaction, the chief working officer now owns 77,676 shares within the firm, valued at $9,058,575.12. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by this hyperlink. In different information, COO Aparna Bawa offered 2,000 shares of Zoom Video Communications inventory in a transaction on Tuesday, June twenty eighth. The inventory was offered at a median worth of $116.62, for a complete transaction of $233,240.00. Following the transaction, the chief working officer now owns 77,676 shares within the firm, valued at $9,058,575.12. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by this hyperlink. Additionally, CFO Kelly Steckelberg offered 6,700 shares of Zoom Video Communications inventory in a transaction on Wednesday, June twenty ninth. The shares have been offered at a median worth of $112.04, for a complete worth of $750,668.00. The disclosure for this sale might be discovered right here. Over the past quarter, insiders have offered 32,823 shares of firm inventory price $3,526,086. 11.24% of the inventory is owned by company insiders.
Institutional Buying and selling of Zoom Video Communications
A lot of institutional traders have lately purchased and offered shares of ZM. Rise Advisors LLC acquired a brand new stake in shares of Zoom Video Communications within the fourth quarter price about $26,000. SeaCrest Wealth Administration LLC acquired a brand new stake in shares of Zoom Video Communications within the second quarter price about $26,000. Ronald Blue Belief Inc. acquired a brand new stake in shares of Zoom Video Communications within the second quarter price about $27,000. GHP Funding Advisors Inc. acquired a brand new stake in shares of Zoom Video Communications within the first quarter price about $29,000. Lastly, Nauset Wealth Administration. LLC acquired a brand new stake in shares of Zoom Video Communications within the first quarter price about $30,000. Institutional traders and hedge funds personal 52.86% of the corporate’s inventory.
Zoom Video Communications Worth Efficiency
Zoom Video Communications inventory opened at $78.68 on Monday. The inventory’s 50-day transferring common is $96.66 and its 200-day transferring common is $103.95. The corporate has a market cap of $23.42 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 4.32 and a beta of -0.49. Zoom Video Communications has a 12 month low of $77.33 and a 12 month excessive of $291.31.
Zoom Video Communications (NASDAQ:ZM – Get Ranking) final launched its quarterly earnings knowledge on Monday, August twenty second. The corporate reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The corporate had income of $1.10 billion for the quarter, in comparison with the consensus estimate of $1.12 billion. Zoom Video Communications had a return on fairness of 11.87% and a web margin of 23.05%. The corporate’s quarterly income was up 7.6% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the enterprise posted $0.98 EPS. Analysis analysts anticipate that Zoom Video Communications will put up 1.3 EPS for the present yr.
About Zoom Video Communications
(Get Ranking)
Zoom Video Communications, Inc gives unified communications platform within the Americas, the Asia Pacific, Europe, the Center East, and Africa. The corporate provides Zoom Conferences that gives HD video, voice, chat, and content material sharing by cell units, desktops, laptops, telephones, and convention room techniques; Zoom Cellphone, an enterprise cloud telephone system; and Zoom Chat permits customers to share messages, photographs, audio information, and content material in desktop, laptop computer, pill, and cell units.
Additional Studying
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