Zoom Video Communications (NASDAQ:ZM) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Zoom Video Communications (NASDAQ:ZM - Free Report) to a hold rating in a research note issued to investors on Thursday, Marketbeat.com reports. Cantor Fitzgerald currently has $87.00 price objective on the stock.

Other analysts have also issued research reports about the company. Benchmark raised their target price on Zoom Video Communications from $85.00 to $97.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Rosenblatt Securities restated a "buy" rating and issued a $78.00 price objective on shares of Zoom Video Communications in a research note on Friday, November 22nd. Barclays increased their price target on shares of Zoom Video Communications from $70.00 to $85.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Jefferies Financial Group upgraded shares of Zoom Video Communications from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $100.00 in a report on Thursday, December 19th. Finally, Stifel Nicolaus increased their target price on shares of Zoom Video Communications from $70.00 to $90.00 and gave the company a "hold" rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.77.

Zoom Video Communications Stock Down 1.7 %

ZM stock traded down $1.37 during mid-day trading on Thursday, reaching $78.07. 2,923,674 shares of the stock traded hands, compared to its average volume of 2,050,697. The business has a 50-day moving average of $82.98 and a two-hundred day moving average of $71.63. The firm has a market capitalization of $23.93 billion, a PE ratio of 26.02, a P/E/G ratio of 4.97 and a beta of -0.01. Zoom Video Communications has a 52 week low of $55.06 and a 52 week high of $92.80.

Insider Activity at Zoom Video Communications

In related news, Director Jonathan Chadwick sold 12,500 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $75.04, for a total transaction of $938,000.00. Following the transaction, the director now owns 1,514 shares in the company, valued at $113,610.56. This represents a 89.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric S. Yuan sold 35,722 shares of the firm's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $71.45, for a total transaction of $2,552,336.90. Following the completion of the sale, the chief executive officer now owns 57,371 shares of the company's stock, valued at $4,099,157.95. The trade was a 38.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 525,703 shares of company stock valued at $41,265,285 in the last ninety days. Insiders own 10.78% of the company's stock.

Institutional Trading of Zoom Video Communications

Hedge funds have recently modified their holdings of the stock. Whalen Wealth Management Inc. acquired a new stake in shares of Zoom Video Communications in the 4th quarter valued at $251,000. Avior Wealth Management LLC increased its position in Zoom Video Communications by 291.2% in the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock worth $29,000 after purchasing an additional 265 shares during the period. Dakota Wealth Management bought a new stake in Zoom Video Communications during the 4th quarter worth about $849,000. Simon Quick Advisors LLC bought a new stake in Zoom Video Communications during the 4th quarter worth about $320,000. Finally, Atomi Financial Group Inc. boosted its stake in shares of Zoom Video Communications by 6.0% in the 4th quarter. Atomi Financial Group Inc. now owns 6,677 shares of the company's stock valued at $545,000 after purchasing an additional 376 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides unified 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; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.