Zoom Video Communications (ZM) Gets a Hold Rating from Oppenheimer


Oppenheimer analyst Ittai Kidron assigned a Hold rating to Zoom Video Communications (ZM) yesterday. The company’s shares closed last Tuesday at $208.08.

According to TipRanks.com, Kidron is a top 25 analyst with an average return of 33.8% and a 76.3% success rate. Kidron covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Slack Technologies, and Juniper Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zoom Video Communications with a $131.18 average price target, which is a -37.6% downside from current levels. In a report issued on May 29, Rosenblatt Securities also maintained a Hold rating on the stock with a $150.00 price target.

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Zoom Video Communications’ market cap is currently $57.56B and has a P/E ratio of 1689.60. The company has a Price to Book ratio of 60.68.

Based on the recent corporate insider activity of 119 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. It focuses on customer and employee happiness, a video-first cloud architecture, recognized market leadership, viral demand, an efficient go-to-market strategy, and robust customer support. The company was founded by Eric S. Yuan in 2011 and is headquartered in San Jose, CA.

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