Zoom Video Communications (ZM) Gets a Buy Rating from Stephens

Stephens analyst Ryan MacWilliams maintained a Buy rating on Zoom Video Communications (ZM) today and set a price target of $95.00. The company’s shares closed last Monday at $69.67.

According to TipRanks.com, MacWilliams is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.1% and a 28.6% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Slack Technologies, Everbridge, and Smartsheet.

Zoom Video Communications has an analyst consensus of Moderate Buy, with a price target consensus of $91.88, a 31.2% upside from current levels. In a report issued on November 22, Guggenheim also initiated coverage with a Buy rating on the stock with a $90.00 price target.

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Based on Zoom Video Communications’ latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $5.52 million. In comparison, last year the company had a GAAP net loss of $598K.

Based on the recent corporate insider activity of 38 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.

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