NASDAQ:ZM

Zoom Video Communications (ZM) Stock Forecast, Price & News

$67.32

-0.98 (-1.43%)

(As of 05:37 PM ET)

Compare

Today's Range: $66.51
▼
$68.96
50-Day Range: $65.36
▼
$74.00
52-Week Range: $60.45
▼
$89.67

Volume: 2.62 million shs
Average Volume: 3.88 million shs
Market Capitalization: $20.26 billion

P/E Ratio: 153.00
Dividend Yield: N/A
Price Target: $82.09

Zoom Video Communications MarketRank™ Forecast

Analyst Rating: Hold
2.19 Rating Score
Upside/Downside: 21.9% Upside
$82.09 Price Target
Short Interest: Bearish
7.18% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.34
Upright™ Environmental Score
News Sentiment: 0.40
Based on 13 Articles This Week
Insider Trading: Selling Shares
$7.82 M Sold Last Quarter
Proj. Earnings Growth: -9.04%
From $1.77 to $1.61 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Computer And Technology Sector

419th out of 604 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

34th out of 60 stocks

3.1

Analyst's Opinion

Consensus Rating
Zoom Video Communications has received a consensus rating of Hold. The company's average rating score is 2.19, and is based on 5 buy ratings, 15 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $82.09, Zoom Video Communications has a forecasted upside of 21.9% from its current price of $67.32.
Amount of Analyst Coverage
Zoom Video Communications has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
7.18% of the float of Zoom Video Communications has been sold short.
Short Interest Ratio / Days to Cover
Zoom Video Communications has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in Zoom Video Communications has recently increased by 10.06%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Zoom Video Communications does not currently pay a dividend.
Dividend Growth
Zoom Video Communications does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Zoom Video Communications has received a 49.52% net impact score from Upright. Zoom Video Communications seems to create the most significant positive value in categories "Taxes", "Relationships", and "Jobs". The positive contribution in the "Relationships" impact category is false driven by its "Video conference call software" and "Hosted messaging services" products. See details.
Environmental Sustainability
The Environmental Impact score for Zoom Video Communications is -0.34.

2.4

News and Social Media Coverage

News Sentiment
Zoom Video Communications has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Zoom Video Communications this week, compared to 7 articles on an average week.
Search Interest
Only 38 people have searched for ZM on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
25 people have added Zoom Video Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 9% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Zoom Video Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,816,082.00 in company stock.
Percentage Held by Insiders
11.28% of the stock of Zoom Video Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
54.85% of the stock of Zoom Video Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Zoom Video Communications are expected to decrease by -9.04% in the coming year, from $1.77 to $1.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Zoom Video Communications is 153.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 118.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Zoom Video Communications is 153.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 252.13.
Price to Earnings Growth Ratio
Zoom Video Communications has a PEG Ratio of 1.15. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Zoom Video Communications has a P/B Ratio of 2.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Zoom Video Communications (NASDAQ:ZM) Stock

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.

ZM Price History

30 days | 90 days | 365 days | Advanced Chart

ZM Stock News Headlines

September 8, 2023 | marketbeat.com

This Beaten Down Stock Just Flashed 2 Buy Signals (ZM)

Despite being all time lows, things are starting to look good. Docusign reported its Q2 earnings last night which flashed two very strong buy signals.

August 31, 2023 | marketbeat.com

Here are 5 Beaten Up Enterprise Software Stocks Ready to Rebound (ZM)

Enterprise software stocks are badly beaten up but are now on the brink of a reversal supported by the growth of large clients and deepening penetration.

September 27, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

September 26, 2023 | finance.yahoo.com

Zoom’s Revenue Accelerator Expands Company’s Product Portfolio

September 26, 2023 | seekingalpha.com

Zoom: 7.8% Free Cash Flow Yield And $6 Billion In Cash, With No Debt

September 24, 2023 | seekingalpha.com

Zoom: Aggressive Diversification To Compensate For The Lack Of Moat

September 24, 2023 | americanbankingnews.com

Insider Selling: Zoom Video Communications, Inc. (NASDAQ:ZM) COO Sells $920,268.48 in Stock

September 23, 2023 | americanbankingnews.com

Zoom Video Communications, Inc. (NASDAQ:ZM) CEO Sells $933,541.32 in Stock

September 27, 2023 | The Oxford Club (Ad)

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September 21, 2023 | seekingalpha.com

Zoom: Deep Margin Of Safety With 30% Net Cash Position

September 21, 2023 | seekingalpha.com

Zoom's Ongoing Innovation Is Not Enough Given Its Fierce Competition

September 20, 2023 | finance.yahoo.com

Why Is Zoom Video (ZM) Up 5.3% Since Last Earnings Report?

September 20, 2023 | finance.yahoo.com

Where Will Zoom Stock Be in a Year?

September 19, 2023 | markets.businessinsider.com

Zoom Video Stock (NASDAQ:ZM): A Potential Value Trap

September 18, 2023 | americanbankingnews.com

Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Sells $761,829.60 in Stock

September 17, 2023 | americanbankingnews.com

Zoom Video Communications (NASDAQ:ZM) Now Covered by HSBC

September 15, 2023 | msn.com

HSBC Initiates Coverage of Zoom Video Communications Inc - (ZM) with Buy Recommendation

September 15, 2023 | finance.yahoo.com

Zoom Video Communications (ZM) Just Overtook the 20-Day Moving Average

September 15, 2023 | finance.yahoo.com

Insider Sell: Zoom Video Communications Inc's President of Engineering & Product, Velchamy ...

September 13, 2023 | finance.yahoo.com

Zoom Video Communications (ZM)'s Technical Outlook is Bright After Key Golden Cross

September 11, 2023 | finance.yahoo.com

2 Reasons to Buy Zoom Stock, and 1 Reason to Sell

September 8, 2023 | entrepreneur.com

Uber Technologies (UBER) vs. Zoom Video Communications (ZM) vs. Lyft (LYFT): Which Stock Is the Better Tech Buy?

September 8, 2023 | nasdaq.com

Is It Time to Sell Zoom Video Communications Stock?

September 6, 2023 | seekingalpha.com

Zoom Video Communications, Inc. (ZM) Presents at Citi's 2023 Global Technology Conference Transcript

September 6, 2023 | benzinga.com

Zoom Video Taps AI, Gets New Buy From Josh Brown: What's Going On?

September 6, 2023 | finance.yahoo.com

Is Zoom Stock a Bargain or a Value Trap?

September 6, 2023 | seekingalpha.com

Zoom Is Still Digesting The Pandemic Hypergrowth, But Stock Is A Buy

See More Headlines

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ZM Company Calendar

Last Earnings: 8/21/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/20/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:ZM
CUSIP: N/A
CIK: 1585521
Web: www.zoom.us
Phone: (888) 799-9666
Fax: N/A
Employees: 8,484
Year Founded: 2011

Price Target and Rating

Average Stock Price Forecast: $82.09
High Stock Price Forecast: $102.00
Low Stock Price Forecast: $66.00
Forecasted Upside/Downside: +22.5%
Consensus Rating: Hold
Rating Score (0-4): 2.19
Research Coverage: 21 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.44
Trailing P/E Ratio: 152.25
Forward P/E Ratio: 37.85
P/E Growth: 1.15
Net Income: $103.71 million
Net Margins: 3.17%
Pretax Margin: 6.92%
Return on Equity: 3.51%
Return on Assets: 2.68%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.99
Quick Ratio: 3.99

Sales & Book Value

Annual Sales: $4.39 billion
Price / Sales: 4.59
Cash Flow: $2.11 per share
Price / Cash Flow: 31.75
Book Value: $23.27 per share
Price / Book: 2.88

Miscellaneous

Outstanding Shares: 300,960,000
Free Float: 267,009,000
Market Cap: $20.16 billion
Optionable: Not Optionable
Beta: -0.20

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Key Executives

Mr. Eric S. Yuan (Age 53)
Founder, Pres, CEO & Chairman
Comp: $1.65M

Ms. Kelly Steckelberg (Age 55)
CFO & Treasurer
Comp: $426.2k

Ms. Aparna Bawa Esq. (Age 45)
COO & Interim Chief Legal Officer
Comp: $426.92k

Mr. Velchamy Sankarlingam (Age 55)
Pres of Product & Engineering
Comp: $451.73k

Mr. Shane Crehan (Age 49)
Chief Accounting Officer

Mr. Xuedong Huang
Chief Technology Officer

Mr. Gary Sorrentino
Global Chief Information Officer

Mr. Tom McCallum
Head of Investor Relations

Ms. Lynn Haaland
Chief Compliance & Ethics Officer, Chief Privacy Officer and Deputy Gen. Counsel

Mr. Graeme Geddes
Chief Sales & Growth Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ZM Stock - Frequently Asked Questions

Should I buy or sell Zoom Video Communications stock right now?: 21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last twelve months. There are currently 1 sell rating, 15 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ZM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZM, but not buy additional shares or sell existing shares.
View ZM analyst ratings or view top-rated stocks.
What is Zoom Video Communications' stock price forecast for 2023?: 21 analysts have issued twelve-month price objectives for Zoom Video Communications' stock. Their ZM share price forecasts range from $66.00 to $102.00. On average, they expect the company's stock price to reach $82.09 in the next year. This suggests a possible upside of 22.5% from the stock's current price.
View analysts price targets for ZM or view top-rated stocks among Wall Street analysts.
How have ZM shares performed in 2023?: Zoom Video Communications' stock was trading at $67.74 on January 1st, 2023. Since then, ZM shares have decreased by 1.1% and is now trading at $66.99.
View the best growth stocks for 2023 here.
When is Zoom Video Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
View our ZM earnings forecast.
How were Zoom Video Communications' earnings last quarter?: Zoom Video Communications, Inc. (NASDAQ:ZM) released its quarterly earnings results on Monday, August, 21st. The company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.28. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.11 billion. Zoom Video Communications had a trailing twelve-month return on equity of 3.51% and a net margin of 3.17%. The company's revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share.
What ETFs hold Zoom Video Communications' stock?: ETFs with the largest weight of Zoom Video Communications (NASDAQ:ZM) stock in their portfolio include ARK Innovation ETF (ARKK), ARK Next Generation Internation ETF (ARKW), Spear Alpha ETF (SPRX), Global X Education ETF (EDUT), iShares Future Metaverse Tech and Communications ETF (IVRS), Global X Cloud Computing ETF (CLOU), First Trust Indxx Metaverse ETF (ARVR) and Direxion Daily Cloud Computing Bull 2x (CLDL).
What guidance has Zoom Video Communications issued on next quarter's earnings?: Zoom Video Communications issued an update on its third quarter 2024 earnings guidance on Tuesday, August, 22nd. The company provided EPS guidance of $1.07-$1.09 for the period, compared to the consensus estimate of $1.03. The company issued revenue guidance of $1.11 billion-$1.12 billion, compared to the consensus revenue estimate of $1.13 billion.
What is Eric S. Yuan's approval rating as Zoom Video Communications' CEO?: 450 employees have rated Zoom Video Communications Chief Executive Officer Eric S. Yuan on Glassdoor.com. Eric S. Yuan has an approval rating of 97% among the company's employees. This puts Eric S. Yuan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Zoom Video Communications own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Zoom Video Communications investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Block (SQ), Alibaba Group (BABA), Shopify (SHOP), Salesforce (CRM), PayPal (PYPL), Walt Disney (DIS) and DocuSign (DOCU).
When did Zoom Video Communications IPO?: (ZM) raised $627 million in an initial public offering (IPO) on Thursday, April 18th 2019. The company issued 20,900,000 shares at a price of $28.00-$32.00 per share. Morgan Stanley, J. P. Morgan, Goldman Sachs and Credit Suisse acted as the underwriters for the IPO and BofA Merriil Lynch, RBC Capital Markets, Wells Fargo Securities, JMP Securities, KeyBanc Capital Markets, Piper Jaffray, Stifel and William Blair were co-managers.
What is Zoom Video Communications' stock symbol?: Zoom Video Communications trades on the NASDAQ under the ticker symbol "ZM."
Who are Zoom Video Communications' major shareholders?: Zoom Video Communications' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (4.51%), ARK Investment Management LLC (3.52%), Sumitomo Mitsui Trust Holdings Inc. (2.17%), Newlands Management Operations LLC (1.94%), Bank Julius Baer & Co. Ltd Zurich (1.90%) and Renaissance Technologies LLC (1.84%). Insiders that own company stock include Aparna Bawa, Bart Swanson, Carl M Eschenbach, Daniel Scheinman, Eric S Yuan, Eric S Yuan, Gregory Tomb, Janine Pelosi, Jonathan Chadwick, Kelly Steckelberg, Kimberly Hammonds, Michael D Pruitt, Ryan Azus, Santiago Subotovsky, Shane Crehan, Tamara Louise Linde and Velchamy Sankarlingam.
View institutional ownership trends.
How do I buy shares of Zoom Video Communications?: Shares of ZM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Zoom Video Communications' stock price today?: One share of ZM stock can currently be purchased for approximately $66.99.
How much money does Zoom Video Communications make?: Zoom Video Communications (NASDAQ:ZM) has a market capitalization of $20.16 billion and generates $4.39 billion in revenue each year. The company earns $103.71 million in net income (profit) each year or $0.44 on an earnings per share basis.
How many employees does Zoom Video Communications have?: The company employs 8,484 workers across the globe.
How can I contact Zoom Video Communications?: Zoom Video Communications' mailing address is 55 ALMADEN BOULEVARD 6TH FLOOR, SAN JOSE CA, 95113. The official website for the company is www.zoom.us. The company can be reached via phone at (888) 799-9666 or via email at investors@zoom.us.

This page (NASDAQ:ZM) was last updated on 9/27/2023 by MarketBeat.com Staff

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