In a report released today, Ryan Koontz from Rosenblatt Securities maintained a Hold rating on Zoom Video Communications Inc Class A (ZM), with a price target of $75.00. The company’s shares closed last Monday at $67.03.
According to TipRanks.com, Koontz is a 4-star analyst with an average return of 20.5% and a 59.5% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Juniper Networks, and Arista Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zoom Video Communications Inc Class A with a $93.80 average price target, representing a 39.8% upside. In a report issued on October 8, RBC Capital also maintained a Hold rating on the stock with a $95.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $107.34 and a one-year low of $36.00. Currently, Zoom Video Communications Inc Class A has an average volume of 2.03M.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Zoom Video Communications, Inc. engages in the provision of video-first communications platform. It connects people through frictionless video, voice, chat and content sharing, and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations.
