Zoom Video Communications, Inc. (NASDAQ:ZM) Director Kimberly Hammonds sold 189 shares of the business’s stock in a transaction dated Tuesday, June 8th. The shares were sold at an average price of $350.00, for a total transaction of $66,150.00. Following the transaction, the director now owns 189 shares in the company, valued at approximately $66,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of ZM opened at $346.50 on Friday. The stock’s 50-day simple moving average is $321.51. The firm has a market capitalization of $101.77 billion, a PE ratio of 154.00, a PEG ratio of 10.01 and a beta of -1.49. Zoom Video Communications, Inc. has a 1 year low of $216.75 and a 1 year high of $588.84.
Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings data on Monday, May 31st. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.33. Zoom Video Communications had a net margin of 25.34% and a return on equity of 37.79%. The company had revenue of $956.24 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 191.4% on a year-over-year basis. On average, sell-side analysts predict that Zoom Video Communications, Inc. will post 2.22 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on ZM shares. Royal Bank of Canada cut their price target on shares of Zoom Video Communications from $550.00 to $480.00 and set an “outperform” rating on the stock in a report on Friday, May 28th. Zacks Investment Research raised shares of Zoom Video Communications from a “hold” rating to a “strong-buy” rating and set a $386.00 target price for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zoom Video Communications from $360.00 to $375.00 and gave the stock a “hold” rating in a report on Wednesday, June 2nd. Bank of America started coverage on shares of Zoom Video Communications in a report on Tuesday, April 20th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of Zoom Video Communications from $385.00 to $456.00 and gave the company a “neutral” rating in a report on Wednesday, June 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus 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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