Robert W. Baird Begins Coverage on Zoom Video Communications (NASDAQ:ZM)

Robert W. Baird started coverage on shares of Zoom Video Communications (NASDAQ:ZM) in a research report released on Monday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $100.00 price objective on the stock.

ZM has been the subject of a number of other research reports. Stifel Nicolaus set a $90.00 price objective on shares of Zoom Video Communications and gave the stock a hold rating in a report on Friday, September 6th. Goldman Sachs Group downgraded shares of Zoom Video Communications from a neutral rating to a sell rating and raised their price objective for the stock from $53.00 to $66.00 in a report on Sunday, June 30th. Credit Suisse Group restated a neutral rating and set a $90.00 price objective (up previously from $80.00) on shares of Zoom Video Communications in a report on Friday, June 7th. They noted that the move was a valuation call. Rosenblatt Securities restated a hold rating and set a $90.00 price objective on shares of Zoom Video Communications in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Zoom Video Communications from $113.00 to $125.00 and gave the stock an overweight rating in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $90.45.

NASDAQ ZM opened at $84.45 on Monday. Zoom Video Communications has a 52-week low of $59.94 and a 52-week high of $107.34. The stock’s 50-day moving average is $90.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.46 and a quick ratio of 4.46.

Zoom Video Communications (NASDAQ:ZM) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.10. The company had revenue of $145.80 million for the quarter, compared to analysts’ expectations of $130.55 million. The business’s revenue was up 95.7% compared to the same quarter last year. On average, equities research analysts anticipate that Zoom Video Communications will post -0.06 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE bought a new position in shares of Zoom Video Communications in the second quarter valued at approximately $30,000. Trustcore Financial Services LLC bought a new position in shares of Zoom Video Communications in the second quarter valued at approximately $31,000. Captrust Financial Advisors bought a new position in shares of Zoom Video Communications in the second quarter valued at approximately $36,000. HM Payson & Co. bought a new position in shares of Zoom Video Communications in the second quarter valued at approximately $53,000. Finally, Toth Financial Advisory Corp bought a new position in shares of Zoom Video Communications in the second quarter valued at approximately $59,000. Institutional investors own 9.06% of the company’s stock.

About Zoom Video Communications

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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