Zoom Video Communications Inc. (NASDAQ: ZM) is -3.96% lower on its value in year-to-date trading and has touched a low of $108.53 and a high of $588.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZM stock was last observed hovering at around $326.23 in the last trading session, with the day’s loss setting it -2.27% off its average median price target of $478.50 for the next 12 months. It is also 46.89% off the consensus price target high of $610.00 offered by 28 analysts, but current levels are -29.58% lower than the price target low of $250.00 for the same period.
Currently trading at $323.96, the stock is -1.52% and -12.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.96 million and changing -0.70% at the moment leaves the stock -12.77% off its SMA200. ZM registered 165.69% gain for a year compared to 6-month loss of -32.93%. The firm has a 50-day simple moving average (SMA 50) of $353.39 and a 200-day simple moving average (SMA200) of $411.83.
The stock witnessed a -5.58% gain in the last 1 month and extending the period to 3 months gives it a -3.96%, and is 1.25% 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 4.70% over the week and 5.45% over the month.
Zoom Video Communications Inc. (ZM) has around 4422 employees, a market worth around $93.71B and $2.65B in sales. Current P/E ratio is 144.30 and Fwd P/E is 78.57. Profit margin for the company is 25.30%. Distance from 52-week low is 198.50% and -44.98% from its 52-week high. The company has generated returns on investments over the last 12 months (16.90%).
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 14 rate it as a Hold and 2 think it is a “Overweight”. 10 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 06/02/2021 and quarterly earnings per share for the current quarter are estimated at $0.98 with sales reaching $904.6M over the same period.The EPS is expected to grow by 12.90% this year, but quarterly earnings will post 44.80% year-over-year.
Zoom Video Communications Inc. (ZM) Top Institutional Holders
1,225 institutions hold shares in Zoom Video Communications Inc. (ZM), with 42.72M shares held by insiders accounting for 14.55% while institutional investors hold 58.02% of the company’s shares. The shares outstanding are 287.72M, and float is at 191.57M with Short Float at 4.10%. Institutions hold 49.58% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 13.5 million shares valued at $4.55 billion. The investor’s holdings represent 5.76% of the ZM Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 11.76 million shares valued at $3.97 billion to account for 5.02% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.72 million shares representing 4.57% and valued at over $3.61 billion, while Baillie Gifford and Company holds 2.82% of the shares totaling 6.61 million with a market value of $2.23 billion.
Zoom Video Communications Inc. (ZM) Insider Activity
A total of 337 insider transactions have happened at Zoom Video Communications Inc. (ZM) in the last six months, with sales accounting for 319 and purchases happening 18 times. The most recent transaction is an insider sale by Azus Ryan ,the company’sChief Revenue Officer. SEC filings show that Azus Ryan sold 6,250 shares of the company’s common stock on Mar 24 at a price of $323.68 per share for a total of $2.02 million. Following the sale, the insider now owns 48367.0 shares.
Zoom Video Communications Inc. disclosed in a document filed with the SEC on Mar 22 that Bawa Aparna (Chief Operating Officer) sold a total of 2,593 shares of the company’s common stock. The trade occurred on Mar 22 and was made at $329.48 per share for $0.85 million. Following the transaction, the insider now directly holds 0.17 million shares of the ZM stock.
Still, SEC filings show that on Mar 22, Steckelberg Kelly (Chief Financial Officer) disposed off 6,700 shares at an average price of $329.42 for $2.21 million. The insider now directly holds 0 shares of Zoom Video Communications Inc. (ZM).