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

Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) have been given an average recommendation of “Hold” by the twenty-five analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $87.10.

Several research firms have issued reports on ZM. Scotiabank upgraded shares of Zoom Video Communications to a “hold” rating in a research note on Tuesday, November 19th. Wells Fargo & Company upped their price target on shares of Zoom Video Communications from $60.00 to $70.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 26th. Bank of America raised their price objective on Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Benchmark upped their target price on Zoom Video Communications from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein increased their target price on Zoom Video Communications from $78.00 to $89.00 and gave the company a “market perform” rating in a research note on Tuesday, November 26th.

Zoom Video Communications Trading Down 0.3 %

Shares of Zoom Video Communications stock opened at $85.44 on Friday. The business’s fifty day moving average price is $81.18 and its 200 day moving average price is $69.18. Zoom Video Communications has a twelve month low of $55.06 and a twelve month high of $92.80. The stock has a market capitalization of $26.19 billion, a P/E ratio of 28.48, a PEG ratio of 5.29 and a beta of -0.03.

Insider Buying and Selling at Zoom Video Communications

In related news, CAO Shane Crehan sold 1,551 shares of Zoom Video Communications stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $131,741.94. Following the transaction, the chief accounting officer now directly owns 3,251 shares of the company’s stock, valued at $276,139.94. The trade was a 32.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Velchamy Sankarlingam sold 3,618 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $307,312.92. Following the completion of the sale, the insider now owns 107,826 shares in the company, valued at approximately $9,158,740.44. This trade represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 428,513 shares of company stock worth $32,366,914. 10.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Zoom Video Communications

Large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. lifted its position in shares of Zoom Video Communications by 1.9% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock valued at $497,000 after acquiring an additional 131 shares in the last quarter. MML Investors Services LLC raised its stake in Zoom Video Communications by 1.4% during the 3rd quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock valued at $655,000 after purchasing an additional 132 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Zoom Video Communications by 1.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company’s stock valued at $556,000 after purchasing an additional 145 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Zoom Video Communications by 3.4% in the third quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock worth $322,000 after buying an additional 154 shares during the period. Finally, Menard Financial Group LLC grew its holdings in shares of Zoom Video Communications by 4.0% during the third quarter. Menard Financial Group LLC now owns 4,331 shares of the company’s stock valued at $302,000 after buying an additional 166 shares in the last quarter. 66.54% of the stock is owned by 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.