Zoom Communications (NASDAQ:ZM - Get Free Report)'s stock had its "outperform" rating reissued by analysts at William Blair in a report issued on Tuesday,RTT News reports.
ZM has been the topic of several other reports. Benchmark upped their price target on Zoom Communications from $102.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $100.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Wedbush reaffirmed an "outperform" rating and issued a $95.00 price objective on shares of Zoom Communications in a research note on Friday, August 22nd. Robert W. Baird decreased their target price on Zoom Communications from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $85.00 price objective on shares of Zoom Communications in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.30.
View Our Latest Research Report on Zoom Communications
Zoom Communications Stock Performance
ZM traded down $1.30 during midday trading on Tuesday, hitting $82.30. The stock had a trading volume of 266,200 shares, compared to its average volume of 2,820,434. The company has a market cap of $24.90 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 11.67 and a beta of 0.57. The business has a fifty day moving average of $78.60 and a 200 day moving average of $77.39. Zoom Communications has a 1 year low of $64.41 and a 1 year high of $92.80.
Insider Buying and Selling at Zoom Communications
In other news, insider Velchamy Sankarlingam sold 2,595 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $85.09, for a total transaction of $220,808.55. Following the sale, the insider owned 130,242 shares in the company, valued at approximately $11,082,291.78. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric S. Yuan sold 33,691 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $74.79, for a total value of $2,519,749.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,400 shares of company stock valued at $6,871,114. Insiders own 10.78% of the company's stock.
Institutional Trading of Zoom Communications
A number of institutional investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in Zoom Communications by 177.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock valued at $28,000 after purchasing an additional 246 shares during the period. GAMMA Investing LLC raised its holdings in shares of Zoom Communications by 8,187.1% in the 1st quarter. GAMMA Investing LLC now owns 63,811 shares of the company's stock valued at $4,707,000 after buying an additional 63,041 shares during the period. Parallel Advisors LLC raised its holdings in shares of Zoom Communications by 31.2% in the 1st quarter. Parallel Advisors LLC now owns 2,332 shares of the company's stock valued at $172,000 after buying an additional 554 shares during the period. Milestone Asset Management LLC purchased a new stake in shares of Zoom Communications in the 1st quarter valued at $450,000. Finally, Merit Financial Group LLC grew its stake in Zoom Communications by 29.5% during the 1st quarter. Merit Financial Group LLC now owns 17,000 shares of the company's stock worth $1,254,000 after purchasing an additional 3,869 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.
About Zoom Communications
(
Get Free Report)
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.
Further Reading
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