Zoom Video Communications (NASDAQ:ZM) had its price objective lowered by Credit Suisse Group from $90.00 to $80.00 in a research note issued to investors on Friday morning, BenzingaRatingsTable reports. Credit Suisse Group currently has a neutral rating on the stock.

ZM has been the topic of a number of other research reports. Robert W. Baird reiterated an in-line rating and set a $85.00 price objective (down previously from $100.00) on shares of Zoom Video Communications in a research note on Friday. They noted that the move was a valuation call. ValuEngine lowered shares of Zoom Video Communications from a buy rating to a hold rating in a report on Wednesday, October 2nd. Rosenblatt Securities set a $75.00 price target on shares of Zoom Video Communications and gave the company a hold rating in a report on Friday, October 18th. Morgan Stanley set a $75.00 price target on shares of Zoom Video Communications and gave the stock a hold rating in a research note on Friday, August 30th. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a $75.00 price objective on shares of Zoom Video Communications in a report on Friday. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $83.30.

Shares of NASDAQ:ZM opened at $62.74 on Friday. The business’s 50-day simple moving average is $68.99 and its 200 day simple moving average is $83.30. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.06. Zoom Video Communications has a one year low of $59.94 and a one year high of $107.34.

Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.06. The company had revenue of $166.60 million during the quarter, compared to analysts’ expectations of $156.23 million. The business’s revenue was up 84.9% on a year-over-year basis. On average, analysts expect that Zoom Video Communications will post 0.07 earnings per share for the current year.

In related news, CMO Janine Pelosi sold 13,046 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.18, for a total transaction of $967,752.28. Following the sale, the chief marketing officer now owns 306,594 shares in the company, valued at $22,743,142.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Roy Benhorin sold 100,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $70.05, for a total transaction of $7,005,000.00. In the last ninety days, insiders have sold 244,890 shares of company stock worth $16,881,574.

A number of large investors have recently added to or reduced their stakes in ZM. G&S Capital LLC bought a new position in Zoom Video Communications in the 3rd quarter worth approximately $28,000. US Bancorp DE acquired a new position in Zoom Video Communications during the 2nd quarter worth $30,000. Great West Life Assurance Co. Can bought a new position in shares of Zoom Video Communications in the third quarter worth $33,000. Captrust Financial Advisors bought a new position in shares of Zoom Video Communications in the second quarter worth $36,000. Finally, Trustcore Financial Services LLC increased its holdings in shares of Zoom Video Communications by 80.0% during the third quarter. Trustcore Financial Services LLC now owns 630 shares of the company’s stock valued at $48,000 after purchasing an additional 280 shares during the period. Institutional investors and hedge funds own 10.39% of the company’s stock.

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.

Featured Story: What is a bull market?

Analyst Recommendations for Zoom Video Communications (NASDAQ:ZM)

Receive News & Ratings for Zoom Video Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoom Video Communications and related companies with MarketBeat.com's FREE daily email newsletter.