Zoom Video Communications, Inc. (NASDAQ:ZM) CMO Janine Pelosi sold 8,000 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $349.00, for a total value of $2,792,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NASDAQ:ZM opened at $346.50 on Friday. Zoom Video Communications, Inc. has a 52-week low of $216.75 and a 52-week high of $588.84. The company has a market cap of $101.77 billion, a price-to-earnings ratio of 154.00, a price-to-earnings-growth ratio of 10.01 and a beta of -1.49. The company’s fifty day moving average is $321.51.
Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings data on Monday, May 31st. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.33. Zoom Video Communications had a return on equity of 37.79% and a net margin of 25.34%. The company had revenue of $956.24 million for the quarter, compared to analyst estimates of $908.17 million. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 191.4% compared to the same quarter last year. As a group, equities analysts forecast that Zoom Video Communications, Inc. will post 2.22 EPS for the current fiscal year.
Several research analysts recently issued reports on ZM shares. Wolfe Research started coverage on Zoom Video Communications in a research report on Friday, April 23rd. They set an “outperform” rating and a $390.00 target price on the stock. Piper Sandler cut their target price on Zoom Video Communications from $541.00 to $464.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 2nd. Royal Bank of Canada cut their target price on Zoom Video Communications from $550.00 to $480.00 and set an “outperform” rating on the stock in a research report on Friday, May 28th. JPMorgan Chase & Co. lifted their price target on Zoom Video Communications from $385.00 to $456.00 and gave the stock a “neutral” rating in a report on Wednesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Zoom Video Communications from $360.00 to $375.00 and gave the stock a “hold” rating in a report on Wednesday, June 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $426.19.
About Zoom Video Communications
Zoom Video Communications, Inc provides a video-first 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 that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers.
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