Stocks of Zoom Video Communications Inc (NASDAQ:ZM) traded higher last session on Wall Street, down -2.33% to $64.52.
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 $66.06, this indicates a potential upside of 19.59 percent. ZM stock price is now -6.85% away from the 50-day moving average and -6.94% away from the 200-day moving average. The market capitalization of the company currently stands at $19.20B.
A total of 24 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $82.03 as their price target over the next twelve months.
With the price target of $83, HSBC Securities recently initiated with Buy rating for Zoom Video Communications Inc (NASDAQ: ZM).
In other news, Subotovsky Santiago, Director sold 2,067 shares of the company’s stock on Oct 03. The stock was sold for $141,860 at an average price of $68.63. Upon completion of the transaction, the Director now directly owns 165,894 shares in the company, valued at $10.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 28, Chief Financial Officer Steckelberg Kelly sold 10,960 shares of the business’s stock. A total of $742,649 was realized by selling the stock at an average price of $67.76. Insiders disposed of 391,874 shares of company stock worth roughly $25.28 million over the past 1 year. A total of 25.19% 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 $58,704,000. CLOUDALPHA CAPITAL MANAGEMENT LIMITED/HONG KONG invested $47,158,000 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 $19,356,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in ZM for approximately $10,071,000. GRIMES & COMPANY, INC. purchased a new stake in ZM valued at around $9,905,000 in the second quarter. In total, there are 972 active investors with 55.06% ownership of the company’s stock.
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 0.01, a current ratio of 3.87, and a quick ratio of 3.87. According to the stock market information, the enterprise value for the company is $13.94B, which is based on a 143.19 price-to-earnings ratio, a 715.93 price-to-earnings-growth ratio, and a beta of -0.19. The fifty day moving average price for ZM is $69.13 and a two-hundred day moving average price translates $69.30 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 3.17% and return on equity was 2.18% 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.
Zoom Video Communications Inc(ZM) Company Profile
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. It also provides Zoom Rooms, a software-based conference room system; Zoom Hardware-as-a-Service allows users to access video communication technology from third party equipment; Zoom Conference Room Connector, a gateway for SIP/H.323 endpoints to join Zoom meetings; Zoom Events, which enables users to manage and host internal and external virtual events; OnZoom, a prosumer-focused virtual event platform and marketplace for Zoom users to create, host, and monetize online events; and Zoom Webinars to provide video presentations to large audiences from many devices. In addition, the company offers Zoom Developer Platform that enables developers, platform integrators, service providers, and customers to build apps and integrations using Zoom’s video-based communications solutions, as well as integrate Zoom’s technology into their products and services; Zoom App Marketplace, which helps developers to publish their apps, as well as third-party integrations of Zoom; and Zoom Contact Center, an omnichannel contact center solution. It serves individuals; and education, entertainment/media, enterprise infrastructure, finance, government, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries. The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. The company was incorporated in 2011 and is headquartered in San Jose, California.
