Zoom Video Communications - ZM Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ZM shares. Daiwa Capital Markets raised shares of Zoom Video Communications from an "underperform" rating to an "outperform" rating and raised their price target for the company from $107.00 to $121.00 in a research report on Monday, May 30th. Royal Bank of Canada decreased their price target on shares of Zoom Video Communications from $200.00 to $150.00 in a research report on Tuesday, May 24th. Guggenheim decreased their price target on shares of Zoom Video Communications to $130.00 in a research report on Wednesday, May 25th. Stifel Nicolaus decreased their price target on shares of Zoom Video Communications from $150.00 to $120.00 in a research report on Tuesday, May 24th. Finally, Benchmark raised their price target on shares of Zoom Video Communications from $124.00 to $128.00 and gave the company a "buy" rating in a research report on Tuesday, May 24th. Fourteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $160.62.

Zoom Video Communications Stock Up 0.6 %

Shares of ZM traded up $0.64 on Monday, hitting $114.49. 129,641 shares of the stock traded hands, compared to its average volume of 4,820,883. The firm has a market capitalization of $34.16 billion, a P/E ratio of 27.63, a P/E/G ratio of 4.66 and a beta of -0.61. The stock's 50 day moving average is $109.90 and its two-hundred day moving average is $113.82. Zoom Video Communications has a 1 year low of $79.03 and a 1 year high of $392.78.

Zoom Video Communications (NASDAQ:ZM - Get Rating) last announced its quarterly earnings data on Monday, May 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. Zoom Video Communications had a net margin of 29.91% and a return on equity of 16.56%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The company's quarterly revenue was up 12.3% compared to the same quarter last year. Research analysts forecast that Zoom Video Communications will post 1.75 EPS for the current year.

Insider Buying and Selling

In other news, COO Aparna Bawa sold 2,404 shares of the stock in a transaction on Friday, May 13th. The shares were sold at an average price of $95.04, for a total value of $228,476.16. Following the completion of the sale, the chief operating officer now owns 84,260 shares of the company's stock, valued at $8,008,070.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Aparna Bawa sold 2,404 shares of the stock in a transaction on Friday, May 13th. The shares were sold at an average price of $95.04, for a total value of $228,476.16. Following the completion of the sale, the chief operating officer now owns 84,260 shares of the company's stock, valued at $8,008,070.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kelly Steckelberg sold 6,700 shares of the firm's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $100.27, for a total transaction of $671,809.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,923 shares of company stock valued at $5,803,973. Insiders own 11.24% of the company's stock.