Zoom Video Communications (ZM) Earns Neutral Rating from Analysts at Credit Suisse Group

Credit Suisse Group began coverage on shares of Zoom Video Communications (NASDAQ:ZM) in a research note released on Monday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $80.00 target price on the stock. The analysts noted that the move was a valuation call.

ZM has been the subject of several other research reports. Wells Fargo & Co initiated coverage on Zoom Video Communications in a research note on Monday. They set a market perform rating and a $75.00 price target for the company. Rosenblatt Securities initiated coverage on Zoom Video Communications in a research note on Tuesday, April 30th. They set a neutral rating and a $60.00 price target for the company. Sanford C. Bernstein initiated coverage on Zoom Video Communications in a research note on Monday, April 29th. They set an outperform rating and a $45.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Zoom Video Communications in a research note on Monday. They set an overweight rating and a $113.00 price target for the company. Finally, Piper Jaffray Companies initiated coverage on Zoom Video Communications in a research note on Monday. They set an overweight rating and a $90.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $75.72.

Shares of ZM stock opened at $79.76 on Monday. Zoom Video Communications has a 12-month low of $59.94 and a 12-month high of $80.79.

In other news, CEO Eric S. Yuan sold 583,787 shares of Zoom Video Communications stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $36.00, for a total value of $21,016,332.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Emergence Capital Partners Iii sold 912,026 shares of Zoom Video Communications stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $34.20, for a total value of $31,191,289.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,405,918 shares of company stock worth $83,480,215.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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Analyst Recommendations for Zoom Video Communications (NASDAQ:ZM)

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