Zoom Video Communications, Inc. (NASDAQ: ZM) acquired 239 shares by SeaCrest Wealth Management LLC

Seacrest Wealth Management LLC acquired Zoom Video Communications, Inc. in the second quarter. (NASDAQ: ZM – GATE Ratings) bought a new position in shares, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 239 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also bought and sold shares of ZM recently. Global Wealth Management Investment Advisory Inc. raised its position in Zoom Video Communications by 63.3% in the first quarter. After acquiring an additional 114 shares in the last quarter, Global Wealth Management Investment Advisory Inc. holds 294 shares of the company valued at $34,000. Covester Ltd. boosted its position in Zoom Video Communications by 76.7% in the first quarter. Covestor Ltd now owns 394 shares of the company’s stock valued at $46,000 after acquiring an additional 171 shares in the last quarter. Glassman Wealth Services boosted its position in Zoom Video Communications by 229.8% in the second quarter. Glassman Wealth Services now owns 465 shares of the company’s stock valued at $50,000, after acquiring an additional 324 shares in the last quarter. JW Cole Advisors Inc. acquired a new stake in Zoom Video Communications in the first quarter valued at approximately $54,000. Finally, Focused Wealth Management Inc increased its position in Zoom Video Communications by 1,875.0% in the second quarter. Focused Wealth Management Inc. now owns 632 shares of the company valued at $68,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 52.86% of the company’s stock.

Wall Street analysts weigh in

Several equity analysts have recently commented on the company. Stifel Nicolaus cut their target price on Zoom Video Communications from $90.00 to $80.00 in a research note on Wednesday, November 9. Credit Suisse Group assumed coverage on Zoom Video Communications in a research note on Friday, September 23. They set a “Neutral” rating and a target price of $83.00 for the company. BTIG Research cut Zoom Video Communications from a “Buy” rating to “Neutral” rating in a research note on Tuesday, August 23. Wells Fargo & Company cut its target price on Zoom Video Communications from $95.00 to $80.00 and set an “equal weight” rating on the company in a research note on Tuesday. Finally, MKM Partners decreased their target price on Zoom Video Communications from $125.00 to $100.00 in a research note on Wednesday, November 9. Two analysts have rated the stock with a Sell rating, sixteen have issued a Hold rating and nine have a Buy rating on the stock. The stock currently has an average rating of “Hold” and a consensus target price of $115.86, according to data from MarketBeat.com.

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In other news, insider Velchamy Shankarlingam sold 2,374 shares of the firm’s stock in a transaction on Saturday, October 8. The stock was sold at an average price of $71.59, for a total transaction of $169,954.66. Following the transaction, the insider now directly owns 15,869 shares of the company’s stock, valued at $1,136,061.71. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available through the SEC website. Corporate insiders hold 11.24% of the company’s stock.

Zoom Video Communications Stock Performance

ZM stock opened Thursday at $76.14. The stock has a market capitalization of $22.66 billion, price-to-earnings ratio of 33.39, PEG ratio of 3.13, and beta of -0.29. Zoom Video Communications, Inc. The 1-Year Low is $70.43 and the 1-Year High is $235.97. The stock’s 50-day moving average is $78.58 and its 200-day moving average is $93.66.

Zoom Video Communications (NASDAQ: ZM – Receive Rating) last issued its quarterly earnings results on Monday, November 21. The company reported EPS of $1.07 for the quarter, beating analysts’ consensus estimates of $0.84 by $0.23. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Zoom Video Communications had a Return on Equity of 8.80% and Net Margin of 16.07%. The company’s quarterly revenue was up 4.9% over the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. As a group, analysts estimate Zoom Video Communications, Inc. to post 1.32 EPS for the current fiscal year.

Zoom Video Communications Company Profile

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Zoom Video Communications, Inc. provides unified communications platforms in the Americas, Asia Pacific, Europe, the Middle East and Africa. The company offers Zoom Meetings which offers HD video, voice, chat and content sharing via mobile devices, desktops, laptops, telephones and conference room systems; Zoom Phone, an enterprise cloud phone system; And Zoom Chat enables users to share messages, pictures, audio files and content across desktops, laptops, tablets and mobile devices.

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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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