Zoom Video Communications (NASDAQ:ZM) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Zoom Video Communications (NASDAQ:ZM) in a research report sent to investors on Friday, MarketBeat Ratings reports. The firm issued a neutral rating and a $87.00 price target on the stock.

Several other research analysts have also issued reports on ZM. Wedbush started coverage on shares of Zoom Video Communications in a research note on Thursday, October 17th. They issued an “outperform” rating and a $85.00 target price on the stock. Piper Sandler lifted their target price on shares of Zoom Video Communications from $68.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Barclays increased their price target on Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a research report on Friday, January 10th. Finally, Stifel Nicolaus upped their price objective on Zoom Video Communications from $70.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zoom Video Communications currently has an average rating of “Hold” and an average target price of $87.77.

Zoom Video Communications Stock Down 1.7 %

Shares of ZM opened at $78.07 on Friday. The stock’s fifty day simple moving average is $83.05 and its 200-day simple moving average is $71.50. The firm has a market capitalization of $23.93 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 4.97 and a beta of -0.01. Zoom Video Communications has a 12-month low of $55.06 and a 12-month high of $92.80.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, COO Aparna Bawa sold 9,317 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $733,154.73. Following the sale, the chief operating officer now directly owns 14,053 shares of the company’s stock, valued at $1,105,830.57. The trade was a 39.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Velchamy Sankarlingam sold 3,618 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $307,312.92. Following the transaction, the insider now owns 107,826 shares of the company’s stock, valued at approximately $9,158,740.44. This represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 525,703 shares of company stock valued at $41,265,285 in the last 90 days. 10.78% of the stock is currently owned by company insiders.

Institutional Trading of Zoom Video Communications

Institutional investors and hedge funds have recently bought and sold shares of the stock. Choreo LLC bought a new position in shares of Zoom Video Communications in the second quarter valued at $200,000. American Century Companies Inc. lifted its stake in Zoom Video Communications by 8.8% in the second quarter. American Century Companies Inc. now owns 69,491 shares of the company’s stock valued at $4,113,000 after acquiring an additional 5,598 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Zoom Video Communications by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,365,705 shares of the company’s stock valued at $80,827,000 after acquiring an additional 264,217 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Zoom Video Communications during the 2nd quarter worth about $1,050,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Zoom Video Communications by 40.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,213 shares of the company’s stock valued at $591,000 after purchasing an additional 2,955 shares during the period. Institutional investors own 66.54% of the company’s stock.

About Zoom Video Communications

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.