Why Shares of Zoom Video Communications Inc. (ZM) Are Going Crazy

Zoom Video Communications Inc. (NASDAQ: ZM) is 8.10% higher on its value in year-to-date trading and has touched a low of $70.26 and a high of $588.84 in the current 52-week trading range. The ZM stock was last observed hovering at around $356.81 in the last trading session, with the day’s gains setting it 7.82% off its average median price target of $450.00 for the next 12 months. It is also 40.22% off the consensus price target high of $610.00 offered by 28 analysts, but current levels are -7.24% lower than the price target low of $340.00 for the same period.


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Currently trading at $364.63, the stock is -1.87% and -10.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.99 million and changing 2.19% at the moment leaves the stock 15.60% off its SMA200. ZM registered 398.40% gain for a year compared to 6-month gain of 42.31%. The firm has a 50-day simple moving average (SMA 50) of $390.79 and a 200-day simple moving average (SMA200) of $379.23.

The stock witnessed a -8.16% loss in the last 1 month and extending the period to 3 months gives it a -29.72%, and is 5.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.82% over the week and 4.69% over the month.

Zoom Video Communications Inc. (ZM) has around 2409 employees, a market worth around $102.17B and $1.96B in sales. Current P/E ratio is 253.92 and Fwd P/E is 121.83. Profit margin for the company is 22.40%. Distance from 52-week low is 418.97% and -38.08% from its 52-week high. The company has generated returns on investments over the last 12 months (1.40%).

Zoom Video Communications Inc. (ZM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Zoom Video Communications Inc. (ZM) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 2.40, where 15 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Zoom Video Communications Inc. is expected to release its quarterly report on 03/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.79 with sales reaching $811.77M over the same period.The EPS is expected to grow by 731.40% this year, but quarterly earnings will post 314.50% year-over-year. Quarterly sales are estimated to grow 331.20% in year-over-year returns.

Zoom Video Communications Inc. (ZM) Top Institutional Holders

1,153 institutions hold shares in Zoom Video Communications Inc. (ZM), with 2.94M shares held by insiders accounting for 1.03% while institutional investors hold 57.73% of the company’s shares. The shares outstanding are 284.78M, and float is at 196.65M with Short Float at 5.03%. Institutions hold 57.14% of the Float.

The top institutional shareholder in the company is Morgan Stanley with over 14.46 million shares valued at $6.8 billion. The investor’s holdings represent 7.28% of the ZM Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 10.83 million shares valued at $5.09 billion to account for 5.45% of the shares outstanding. The other top investors are Blackrock Inc. which holds 8.91 million shares representing 4.48% and valued at over $4.19 billion, while Baillie Gifford and Company holds 3.17% of the shares totaling 6.3 million with a market value of $2.96 billion.

Zoom Video Communications Inc. (ZM) Insider Activity

A total of 134 insider transactions have happened at Zoom Video Communications Inc. (ZM) in the last six months, with sales accounting for 120 and purchases happening 14 times. The most recent transaction is an insider sale by Subotovsky Santiago, the company’s Director. SEC filings show that Subotovsky Santiago sold 70,512 shares of the company’s common stock on Dec 30 at a price of $352.72 per share for a total of $24.87 million. Following the sale, the insider now owns 0.0 shares.

Zoom Video Communications Inc. disclosed in a document filed with the SEC on Dec 17 that Yuan Eric S. (Chief Executive Officer) sold a total of 70,142 shares of the company’s common stock. The trade occurred on Dec 17 and was made at $402.81 per share for $28.25 million. Following the transaction, the insider now directly holds 0.0 shares of the ZM stock.

Still, SEC filings show that on Dec 16, Yuan Eric S. (Chief Executive Officer) disposed off 70,142 shares at an average price of $401.87 for $28.19 million. The insider now directly holds 107,143 shares of Zoom Video Communications Inc. (ZM).

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