Oppenheimer analyst Ittai Kidron maintained a Hold rating on Zoom Video Communications (ZM) today. The company’s shares closed last Wednesday at $117.81.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 29.0% and a 69.1% success rate. Kidron covers the Technology sector, focusing on stocks such as Slack Technologies, Cambium Networks, and Citrix Systems.
Currently, the analyst consensus on Zoom Video Communications is a Hold with an average price target of $113.00, representing a -1.8% downside. In a report issued on March 31, D.A. Davidson also initiated coverage with a Hold rating on the stock with a $150.00 price target.
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The company has a one-year high of $164.95 and a one-year low of $59.94. Currently, Zoom Video Communications has an average volume of 9.56M.
Based on the recent corporate insider activity of 116 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.
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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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