Bay Colony Advisory Group Inc d b a Bay Colony Advisors Invests $253,000 in Zoom Video Communications, Inc. (NASDAQ:ZM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,525 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Zoom Video Communications by 63.3% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares during the period. Neo Ivy Capital Management lifted its stake in Zoom Video Communications by 56.8% in the 2nd quarter. Neo Ivy Capital Management now owns 367 shares of the company’s stock valued at $39,000 after purchasing an additional 133 shares during the last quarter. Covestor Ltd boosted its position in Zoom Video Communications by 76.7% in the first quarter. Covestor Ltd now owns 394 shares of the company’s stock valued at $46,000 after buying an additional 171 shares in the last quarter. AM Squared Ltd acquired a new stake in Zoom Video Communications in the third quarter valued at approximately $28,000. Finally, Money Concepts Capital Corp boosted its position in Zoom Video Communications by 821.2% in the fourth quarter. Money Concepts Capital Corp now owns 479 shares of the company’s stock valued at $32,000 after buying an additional 427 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Trading Down 1.6 %

Shares of Zoom Video Communications stock opened at $59.28 on Wednesday. The business’s fifty day simple moving average is $65.12 and its 200 day simple moving average is $66.12. The firm has a market capitalization of $18.23 billion, a P/E ratio of 29.06 and a beta of -0.07. Zoom Video Communications, Inc. has a 12 month low of $58.87 and a 12 month high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last issued its earnings results on Monday, February 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.34. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. Analysts predict that Zoom Video Communications, Inc. will post 2.15 EPS for the current fiscal year.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, COO Aparna Bawa sold 19,207 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $67.00, for a total value of $1,286,869.00. Following the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $132,526. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, COO Aparna Bawa sold 19,207 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $67.00, for a total transaction of $1,286,869.00. Following the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at approximately $132,526. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eric S. Yuan sold 2,421 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $63.69, for a total value of $154,193.49. Following the sale, the chief executive officer now owns 90,001 shares in the company, valued at $5,732,163.69. The disclosure for this sale can be found here. Insiders have sold a total of 85,456 shares of company stock worth $5,539,710 over the last ninety days. 11.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ZM has been the topic of a number of research analyst reports. Wedbush restated a “neutral” rating and issued a $80.00 target price on shares of Zoom Video Communications in a research report on Tuesday, February 27th. Rosenblatt Securities restated a “neutral” rating and issued a $75.00 target price on shares of Zoom Video Communications in a research report on Tuesday, March 26th. JPMorgan Chase & Co. cut their target price on shares of Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Mizuho cut 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 research report on Tuesday, February 27th. Finally, Piper Sandler boosted their target price on shares of Zoom Video Communications from $69.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $77.56.

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.