Equities research analysts at Stephens assumed coverage on shares of Zoom Video Communications (NASDAQ:ZM) in a note issued to investors on Thursday, The Fly reports. The firm set an “overweight” rating on the stock.
Other equities research analysts also recently issued research reports about the company. Summit Insights restated a “sell” rating on shares of Zoom Video Communications in a research report on Tuesday, May 21st. Wells Fargo & Co reduced their target price on Nevro from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Sanford C. Bernstein started coverage on Zoom Video Communications in a research report on Monday, April 29th. They issued an “outperform” rating and a $45.00 target price on the stock. Stifel Nicolaus lifted their target price on Vail Resorts from $219.00 to $230.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Finally, Bank of America set a $80.00 target price on Canopy Growth and gave the company a “buy” rating in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Zoom Video Communications presently has an average rating of “Hold” and an average price target of $82.97.
Shares of NASDAQ:ZM traded down $1.32 during trading on Thursday, reaching $91.40. The stock had a trading volume of 1,751,951 shares, compared to its average volume of 3,001,223. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.46 and a quick ratio of 4.46. The stock has a fifty day moving average of $89.52. Zoom Video Communications has a 1-year low of $59.94 and a 1-year high of $107.34.
Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, June 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $122.00 million during the quarter, compared to analyst estimates of $111.66 million. The firm’s revenue was up 103.1% compared to the same quarter last year. As a group, analysts expect that Zoom Video Communications will post -0.14 earnings per share for the current year.
In other news, major shareholder Emergence Capital Partners Iii sold 912,026 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $34.20, for a total transaction of $31,191,289.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl M. Eschenbach sold 828,437 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $34.20, for a total value of $28,332,545.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,405,918 shares of company stock valued at $83,480,215.
Zoom Video Communications Company Profile
Zoom Video Communications, Inc provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.
Further Reading: Cash Asset Ratio
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