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

Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) have been assigned a consensus rating of “Hold” from the twenty-five brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $87.10.

ZM has been the topic of a number of research analyst reports. Wedbush started coverage on shares of Zoom Video Communications in a report on Thursday, October 17th. They set an “outperform” rating and a $85.00 price objective on the stock. Mizuho lifted their price target on Zoom Video Communications from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Wells Fargo & Company boosted their price target on Zoom Video Communications from $60.00 to $70.00 and gave the company an “underweight” rating in a report on Tuesday, November 26th. Stifel Nicolaus increased their price objective on Zoom Video Communications from $70.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Finally, Scotiabank upgraded Zoom Video Communications to a “hold” rating in a research note on Tuesday, November 19th.

Zoom Video Communications Stock Performance

Shares of ZM stock opened at $83.82 on Friday. Zoom Video Communications has a 52 week low of $55.06 and a 52 week high of $92.80. The company’s 50 day moving average price is $81.45 and its two-hundred day moving average price is $69.37. The company has a market capitalization of $25.69 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 5.29 and a beta of -0.03.

Insider Activity at Zoom Video Communications

In related news, Director Janet Napolitano sold 4,477 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $69.39, for a total value of $310,659.03. Following the completion of the sale, the director now directly owns 2,984 shares in the company, valued at $207,059.76. The trade was a 60.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Velchamy Sankarlingam sold 10,338 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $69.51, for a total value of $718,594.38. Following the transaction, the insider now owns 104,414 shares in the company, valued at $7,257,817.14. The trade was a 9.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 428,513 shares of company stock worth $32,366,914. Company insiders own 10.78% of the company’s stock.

Institutional Trading of Zoom Video Communications

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Zoom Video Communications by 23.8% during the third quarter. FMR LLC now owns 12,444,887 shares of the company’s stock worth $867,906,000 after purchasing an additional 2,395,396 shares during the period. State Street Corp grew its position in Zoom Video Communications by 2.3% during the third quarter. State Street Corp now owns 6,106,293 shares of the company’s stock worth $425,853,000 after buying an additional 134,559 shares in the last quarter. AQR Capital Management LLC raised its holdings in Zoom Video Communications by 78.5% in the 2nd quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after acquiring an additional 2,520,987 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Zoom Video Communications by 4.4% during the 3rd quarter. Pacer Advisors Inc. now owns 5,480,179 shares of the company’s stock valued at $382,188,000 after acquiring an additional 233,241 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Zoom Video Communications by 60.9% during the 2nd quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock valued at $290,153,000 after acquiring an additional 1,855,679 shares during the period. Institutional investors and hedge funds 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.