Stephens Begins Coverage on Zoom Video Communications (NASDAQ:ZM)
Stephens initiated coverage on shares of Zoom Video Communications (NASDAQ:ZM) in a research note released on Thursday, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $115.00 price target on the stock.
A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus raised their price target on shares of Vail Resorts from $219.00 to $230.00 and gave the company a hold rating in a report on Friday, June 7th. Oppenheimer set a $210.00 price target on shares of Amgen and gave the company a buy rating in a report on Friday, May 24th. JPMorgan Chase & Co. raised their price target on shares of Vermilion Energy from C$42.00 to C$43.00 in a report on Monday, May 13th. Wells Fargo & Co lowered their price target on shares of Nevro from $75.00 to $70.00 and set an outperform rating for the company in a report on Monday, May 13th. Finally, Goldman Sachs Group lowered shares of Zoom Video Communications from a neutral rating to a sell rating and raised their price target for the company from $53.00 to $66.00 in a report on Sunday, June 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $85.26.
Zoom Video Communications stock opened at $93.30 on Thursday. Zoom Video Communications has a 52-week low of $59.94 and a 52-week high of $107.34. The stock has a fifty day simple moving average of $89.82. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 0.06.
In other news, insider Janine Pelosi sold 81,668 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $36.00, for a total value of $2,940,048.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Emergence Capital Partners Iii sold 912,026 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold a total of 2,405,918 shares of company stock worth $83,480,215 over the last quarter.
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: Green Investing
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