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NASDAQ:ZM

Zoom Video Communications - ZM Stock Forecast, Price & News

$99.50
-3.68 (-3.57%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$98.80
$102.15
50-Day Range
$97.35
$122.64
52-Week Range
$79.03
$357.93
Volume
3.73 million shs
Average Volume
4.80 million shs
Market Capitalization
$29.69 billion
P/E Ratio
24.15
Dividend Yield
N/A
Price Target
$160.34

Zoom Video Communications MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
61.1% Upside
$160.34 Price Target
Short Interest
Bearish
5.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.34
Upright™ Environmental Score
News Sentiment
0.30mentions of Zoom Video Communications in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$6.05 M Sold Last Quarter
Proj. Earnings Growth
17.71%
From $1.75 to $2.06 Per Share

Overall MarketRank

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

3.02 out of 5 stars

Computer And Technology Sector

50th out of 653 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

5th out of 69 stocks

ZM stock logo

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.

Analyst Ratings Changes

ZM has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price target on Zoom Video Communications from $163.00 to $142.00 and set a "neutral" rating for the company in a report on Tuesday, May 24th. Royal Bank of Canada lowered their price target on shares of Zoom Video Communications from $200.00 to $150.00 in a report on Tuesday, May 24th. BTIG Research decreased their price objective on shares of Zoom Video Communications from $180.00 to $150.00 in a research report on Friday, May 13th. Citigroup lowered shares of Zoom Video Communications from a "neutral" rating to a "sell" rating and set a $91.00 target price on the stock. in a research note on Tuesday. Finally, UBS Group cut their price target on Zoom Video Communications from $130.00 to $100.00 and set a "na" rating for the company in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $160.34.

Zoom Video Communications Price Performance

Zoom Video Communications stock opened at $103.18 on Friday. The firm has a 50 day simple moving average of $109.47 and a 200-day simple moving average of $111.93. The stock has a market cap of $30.79 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 4.47 and a beta of -0.61. Zoom Video Communications has a 1-year low of $79.03 and a 1-year high of $357.93.

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

Insider Buying and Selling at Zoom Video Communications

In related news, COO Aparna Bawa sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $116.62, for a total transaction of $233,240.00. Following the completion of the transaction, the chief operating officer now owns 77,676 shares of the company's stock, valued at approximately $9,058,575.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Aparna Bawa sold 2,000 shares of the stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $116.62, for a total transaction of $233,240.00. Following the transaction, the chief operating officer now owns 77,676 shares of the company's stock, valued at approximately $9,058,575.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $112.04, for a total value of $750,668.00. The disclosure for this sale can be found here. Insiders have sold 56,923 shares of company stock valued at $6,052,790 over the last 90 days. 11.24% of the stock is owned by insiders.

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ZM Stock News Headlines

2 Metaverse Stocks That Could Go Parabolic
Zoom Video Communications (NASDAQ: ZM)
ARKK has worst trading day in nine sessions
Microsoft debuts workplace social app Viva Engage
Snap positions desktop version to compete with Zoom
See More Headlines
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ZM Company Calendar

Last Earnings
5/23/2022
Today
8/19/2022
Next Earnings (Confirmed)
8/22/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
6,787
Year Founded
2011

Price Target and Rating

Average Stock Price Forecast
$160.34
High Stock Price Forecast
$400.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+61.1%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
28 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
24.10%

Debt

Sales & Book Value

Annual Sales
$4.10 billion
Cash Flow
$4.13 per share
Book Value
$19.32 per share

Miscellaneous

Free Float
264,840,000
Market Cap
$29.69 billion
Optionable
Not Optionable
Beta
-0.61

Social Links


Key Executives

  • Mr. Eric S. YuanMr. Eric S. Yuan (Age 52)
    Founder, CEO & Chairman
    Comp: $1.12M
  • Ms. Kelly SteckelbergMs. Kelly Steckelberg (Age 54)
    CFO & Treasurer
    Comp: $393.69k
  • Ms. Aparna Bawa Esq.Ms. Aparna Bawa Esq. (Age 44)
    COO & Interim Chief Legal Officer
    Comp: $419.94k
  • Ms. Janine PelosiMs. Janine Pelosi (Age 39)
    Chief Marketing Officer
    Comp: $393.69k
  • Mr. Ryan AzusMr. Ryan Azus (Age 47)
    Chief Revenue Officer
    Comp: $842.67k
  • Mr. Gregory Tomb (Age 56)
    Pres
  • Mr. Shane CrehanMr. Shane Crehan (Age 48)
    Chief Accounting Officer
  • Mr. Brendan Ittelson
    Chief Technology Officer
  • Mr. Gary Sorrentino
    Global Chief Information Officer
  • Mr. Tom McCallum
    Head of Investor Relations













ZM Stock - Frequently Asked Questions

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

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last twelve months. There are currently 1 sell rating, 13 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street 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 2022?

28 Wall Street research analysts have issued 12 month target prices for Zoom Video Communications' shares. Their ZM share price forecasts range from $90.00 to $400.00. On average, they expect the company's share price to reach $160.34 in the next twelve months. This suggests a possible upside of 61.1% 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 2022?

Zoom Video Communications' stock was trading at $183.91 on January 1st, 2022. Since then, ZM shares have decreased by 45.9% and is now trading at $99.50.
View the best growth stocks for 2022 here
.

When is Zoom Video Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 22nd 2022.
View our ZM earnings forecast
.

How can I listen to Zoom Video Communications' earnings call?

Zoom Video Communications will be holding an earnings conference call on Monday, August 22nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Zoom Video Communications' earnings last quarter?

Zoom Video Communications, Inc. (NASDAQ:ZM) released its earnings results on Monday, May, 23rd. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. The firm earned $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Zoom Video Communications had a net margin of 29.91% and a trailing twelve-month return on equity of 16.56%. The business's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS.

What guidance has Zoom Video Communications issued on next quarter's earnings?

Zoom Video Communications issued an update on its second quarter 2023 earnings guidance on Monday, June, 20th. The company provided EPS guidance of $0.90-$0.92 for the period, compared to the consensus estimate of $0.88. The company issued revenue guidance of $1.11 billion-$1.12 billion, compared to the consensus revenue estimate of $1.11 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 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 a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (2.53%), Renaissance Technologies LLC (2.15%), Price T Rowe Associates Inc. MD (1.91%), FMR LLC (1.81%), Sumitomo Mitsui Trust Holdings Inc. (1.77%) and State Street Corp (1.66%). Insiders that own company stock include Aparna Bawa, Bart Swanson, Carl M Eschenbach, Daniel Scheinman, Eric S Yuan, Eric S Yuan, Janine Pelosi, Jonathan Chadwick, Kelly Steckelberg, Kimberly Hammonds, Michael D Pruitt, Roy Benhorin, 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 $99.50.

How much money does Zoom Video Communications make?

Zoom Video Communications (NASDAQ:ZM) has a market capitalization of $29.69 billion and generates $4.10 billion in revenue each year. The company earns $1.38 billion in net income (profit) each year or $4.12 on an earnings per share basis.

How many employees does Zoom Video Communications have?

The company employs 6,787 workers across the globe.

When was Zoom Video Communications founded?

Zoom Video Communications was founded in 2011.

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 8/19/2022 by MarketBeat.com Staff

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