Zoom Video Communications (NASDAQ: ZM) has recently been demoted to a rating of ‘hold’ from ‘buy’ along with a price objective of $354 by Zacks Research on 8th March, Monday. This indicates a 7.96% potential upside from the previous stock close.
On Monday, the firm started from $9.54 with the market cap being $93.78 billion. Their lowest in 1 year is $100.88 while the highest is $588.84. They had trading volume shares of 124,647 as compared to the 5,946,037 average volume. Their 50 days rolling average is at $395.34 while 200 days is at $413.54.
According to their 28th February report, their quarterly EPS earnings was $1.22 that exceeded the $0.79 by nearly $0.43.They had a 17.10% net margin along with a 27.93% equity return. Their revenue was $882.49 million, surpassing the $810.97 million estimate.
ZM Stock Market Ventures
Credit Suisse promoted the price objective of ZM shares to $340 from $315 and gave a rating of ‘underperform’. Stifel Nicolaus raised it to $450 from $400 and gave a rating of ‘hold’. Royal Canada Bank demoted it to $550 from $600 and gave a rating of ‘outperform’. Morgan Stanley increased it to $420 from $390 and gave a rating of ‘equal weight’. Goldman Sachs upgraded it to $460 from $402 and gave a rating of ‘neutral’. The firm has an average ‘hold’ rating with a price objective.
Jonathan Chadwick, the Director, sold off 10,000 ZM shares at $400 worth $4,004,000. Bart Swanson, the Director, sold off 2,000 ZM shares at $368.45 EPS worth $736,900. Insiders own 24.25% ZM stock.
GWM Advisors upgraded their holdings on Zoom stock by almost 24.5%, owning $1,845,000 worth of shares. Raymond James raised their stake by approximately 7.7% and own shares priced at $46,983,000. Institutional investors own 37.97% of Zoom stock.
