Should I buy or sell Zoom Video Communications stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last year. There are currently 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 target for 2024?

20 brokerages have issued 1 year price targets for Zoom Video Communications' shares. Their ZM share price targets range from $66.00 to $100.00. On average, they predict the company's share price to reach $79.84 in the next twelve months. This suggests a possible upside of 16.2% 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 at the start of the year. Since then, ZM shares have increased by 1.4% and is now trading at $68.69. 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, February 26th 2024. View our ZM earnings forecast .

How were Zoom Video Communications' earnings last quarter?

Zoom Video Communications, Inc. (NASDAQ:ZM) announced its quarterly earnings data on Monday, November, 20th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.21. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. Zoom Video Communications had a net margin of 5.21% and a trailing twelve-month return on equity of 4.93%. Zoom Video Communications's revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS.

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 fourth quarter earnings guidance on Monday, November, 20th. The company provided EPS guidance of $1.13-1.15 for the period, compared to the consensus EPS estimate of $1.09. The company issued revenue guidance of $1.125-1.130 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 on Thursday, April 18th 2019. The company issued 20,900,000 shares at $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.

Who are Zoom Video Communications' major shareholders?

Zoom Video Communications' stock is owned by a variety of institutional and retail investors. Top institutional investors include ARK Investment Management LLC (3.38%), Sumitomo Mitsui Trust Holdings Inc. (2.12%), FMR LLC (1.60%), Alkeon Capital Management LLC (0.00%), Baillie Gifford & Co. (1.07%) and Morgan Stanley (0.99%). 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 .

Zoom Video Communications Stock Price, News & Analysis (NASDAQ:ZM)

$68.37

+0.84 (+1.24%)

(As of 02:21 PM ET)

Compare

Today's Range: $68.09
▼
$69.09
50-Day Range: $59.29
▼
$70.11
52-Week Range: $58.87
▼
$85.13

Volume: 2.15 million shs
Average Volume: 3.77 million shs
Market Capitalization: $20.58 billion

P/E Ratio: 93.66
Dividend Yield: N/A
Price Target: $79.84

Zoom Video Communications MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 16.1% Upside
$79.84 Price Target
Short Interest: Bearish
6.91% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.34
Upright™ Environmental Score
News Sentiment: 0.15
Based on 12 Articles This Week
Insider Trading: Selling Shares
$10.38 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.

2.25 out of 5 stars

Computer And Technology Sector

234th out of 598 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

22nd out of 58 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 2.25, and is based on 5 buy ratings, 15 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $79.84, Zoom Video Communications has a forecasted upside of 16.1% from its current price of $68.76.
Amount of Analyst Coverage
Zoom Video Communications has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
6.91% 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 decreased by 2.47%, indicating that investor sentiment is improving.

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.

2.3

News and Social Media Coverage

News Sentiment
Zoom Video Communications has a news sentiment score of 0.15. 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 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Zoom Video Communications this week, compared to 8 articles on an average week.
Search Interest
75 people have searched for ZM on MarketBeat in the last 30 days. This is an increase of 79% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Zoom Video Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $10,377,532.00 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.

1.3

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 94.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of Zoom Video Communications is 94.19, 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 222.20.
Price to Earnings Growth Ratio
Zoom Video Communications has a PEG Ratio of 1.11. 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 2.79. 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 Stock (NASDAQ:ZM)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ZM Stock News Headlines

November 21, 2023 | marketbeat.com

Zoom Video Communications: A tech phoenix ready to rise

Zoom Video Communications had a solid quarter, outperforming the analysts and raising guidance above the target range; all it needs is a catalyst to rise again

November 13, 2023 | marketbeat.com

Atlassian fumbles the quarter but is still leading the game (ZM)

Collaboration software developer Atlassian's stock dropped 10% after its latest earnings report showed slowing growth, but the company is still a sector leader

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

November 29, 2023 | americanbankingnews.com

Zoom Video Communications, Inc. (NASDAQ:ZM) CFO Sells $708,235.20 in Stock

November 29, 2023 | americanbankingnews.com

Kelly Steckelberg Sells 10,960 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) Stock

November 28, 2023 | seekingalpha.com

Zoom Video Communications, Inc. (ZM) 2023 UBS Global Technology Conference (Transcript)

November 27, 2023 | seekingalpha.com

Zoom: Only An Inline Performer In The Near-To-Mid Term

November 24, 2023 | stocknews.com

3 Tech ETFs on the Rise to Buy

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 23, 2023 | americanbankingnews.com

Zoom Video Communications, Inc. (NASDAQ:ZM) Given Average Rating of "Hold" by Brokerages

November 23, 2023 | americanbankingnews.com

Zoom Video Communications (NASDAQ:ZM) Rating Reiterated by Royal Bank of Canada

November 23, 2023 | americanbankingnews.com

Zoom Video Communications (NASDAQ:ZM) Trading Down 3.1% After Analyst Downgrade

November 22, 2023 | markets.businessinsider.com

Analysts Are Bullish on Top Technology Stocks: Zoom Video Communications (ZM), Microsoft (MSFT)

November 22, 2023 | markets.businessinsider.com

Hold Rating on Zoom Video Communications Amid Declining Growth and Increasing Competition: An Analysis by Alex Zukin, Wolfe Research

November 22, 2023 | finance.yahoo.com

Zoom Video Communications Stock: Bear vs. Bull

November 22, 2023 | seekingalpha.com

Zoom Stock Pops Then Drops As Investors Digest Q3 FY2024 Report