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.

Zoom Video Communications Price Performance

ZM Stock traded up $3.71 during mid-day trading on Monday, reaching $113.23. 109,642 shares of the company's stock were exchanged, compared to its average volume of 4,787,780. Zoom Video Communications has a 12-month low of $79.03 and a 12-month high of $357.93. The company has a market cap of $33.79 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 4.49 and a beta of -0.61. The stock's 50 day moving average is $109.95 and its 200 day moving average is $112.59.

Zoom Video Communications (NASDAQ:ZM - Get Rating) last released its quarterly earnings data on Monday, May 23rd. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $0.97 EPS. The business's revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts forecast that Zoom Video Communications will post 1.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ZM shares. Stifel Nicolaus cut their price objective on Zoom Video Communications from $150.00 to $120.00 in a report on Tuesday, May 24th. MKM Partners assumed coverage on shares of Zoom Video Communications in a report on Thursday, August 4th. They issued a "buy" rating and a $135.00 target price for the company. Guggenheim reduced their target price on shares of Zoom Video Communications to $130.00 in a report on Wednesday, May 25th. Piper Sandler raised their price objective on Zoom Video Communications from $96.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 13th. Finally, UBS Group lowered their price target on shares of Zoom Video Communications from $130.00 to $100.00 and set a "na" rating on the stock in a report on Wednesday, May 18th. Fourteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $160.62.

Insider Activity

In other Zoom Video Communications news, COO Aparna Bawa sold 2,000 shares of Zoom Video Communications stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $107.46, for a total value of $214,920.00. Following the completion of the sale, the chief operating officer now owns 73,339 shares in the company, valued at approximately $7,881,008.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Aparna Bawa sold 2,000 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $107.46, for a total value of $214,920.00. Following the transaction, the chief operating officer now owns 73,339 shares of the company's stock, valued at approximately $7,881,008.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kelly Steckelberg sold 6,700 shares of the business's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $100.27, for a total value of $671,809.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,519 shares of company stock valued at $5,790,417. Company insiders own 11.24% of the company's stock.