Stocks of Zoom Video Communications Inc. (NASDAQ:ZM) traded higher last session on Wall Street, up 0.98% to $74.00.
According to the data, Zoom Video Communications Inc. (NASDAQ:ZM) has 34 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $105.00 and a low of $66.00, we find $79.00. Given the previous closing price of $73.28, this indicates a potential upside of 7.81 percent. ZM stock price is now 7.28% away from the 50-day moving average and 5.91% away from the 200-day moving average. The market capitalization of the company currently stands at $22.06B.
A total of 25 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $82.17 as their price target over the next twelve months.
With the price target maintained at $85, MoffettNathanson recently Upgraded its rating from Underperform to Market Perform for Zoom Video Communications Inc. (NASDAQ: ZM).
In other news, Steckelberg Kelly, Chief Financial Officer sold 10,960 shares of the company’s stock on Aug 29. The stock was sold for $749,363 at an average price of $68.37. Upon completion of the transaction, the Chief Financial Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, Chief Financial Officer Steckelberg Kelly sold 10,960 shares of the business’s stock. A total of $748,490 was realized by selling the stock at an average price of $68.29. Insiders disposed of 372,304 shares of company stock worth roughly $27.55 million over the past 1 year. A total of 9.17% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ZM stock. A new stake in Zoom Video Communications Inc. shares was purchased by CONTRARIUS INVESTMENT MANAGEMENT LTD during the first quarter worth $67,329,000. CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG invested $54,087,000 in shares of ZM during the first quarter. In the first quarter, CLEAR STREET LLC acquired a new stake in Zoom Video Communications Inc. valued at approximately $22,200,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in ZM for approximately $11,551,000. GRIMES & COMPANY, INC. purchased a new stake in ZM valued at around $11,360,000 in the second quarter. In total, there are 972 active investors with 64.30% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $73.00 for Zoom Video Communications Inc. (NASDAQ: ZM). During the past 12 months, Zoom Video Communications Inc. has had a low of $60.45 and a high of $89.67. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.00, and a quick ratio of 4.00. The fifty day moving average price for ZM is $69.13 and a two-hundred day moving average price translates $69.83 for the stock.
The latest earnings results from Zoom Video Communications Inc. (NASDAQ: ZM) was released for Jul, 2023. According to the Software – Application Company, earnings per share came in at $1.34, beating analysts’ expectations of $1.05 by 0.29. This compares to $0.15 EPS in the same period last year. The net profit margin was 3.20% and return on equity was 2.20% for ZM. The company reported revenue of $1.14 billion for the quarter, compared to $1.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.57 percent. For the current quarter, analysts expect ZM to generate $1.12B in revenue.
