Needham raised the price target for the Zoom Video Communications Inc. (NASDAQ:ZM) stock to “a Hold”. The rating was released on June 22, 2021. We previously noted in another research note published on June 11, 2021 by RBC Capital Mkts that resumed the stock to an Outperform with a price target of $450 for ZM stock. The research report from Argus has upgraded the stock from Hold to Buy, with a price target set at $440. The stock was initiated by UBS, who disclosed in a research note on May 27, 2021, to Neutral and set the price objective to $325. In their research brief published April 23, 2021, Wolfe Research analysts resumed the Zoom Video Communications Inc. stock to Outperform with a price target of $390.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Zoom Video Communications Inc. (NASDAQ:ZM) dipped -2.01% to close Thursday’s market session at $386.01, lower as compared to yesterday’s close. The stock price fluctuated between $377.50 and $390.50 throughout the trading session with the volume trading being 2715189 shares, which represented a significant variation when compared to the three months average volume of 3.08 million shares. The firm’s stock price fluctuated -0.26% within the last five trades and 13.11% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 12.08% in the last 6 months and 16.52% was added to its value over the previous 3 months. ZM stock is trading at a margin of 3.10%, 13.74% and -0.23% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ZM deals in the Communication Services domain. The stock is trading -34.45 percent below its 52-week high and 67.83 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 30.12. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Zoom Video Communications Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $113.03 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Zoom Video Communications Inc. (NASDAQ:ZM) is 133.20. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 82.39. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 34.47 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 27.05, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Zoom Video Communications Inc. shares are owned by insiders, and 53.90 percent are held by financial institutions. Swanson Bart, the Director at Zoom Video Communications Inc. (ZM) has sold 1,000 shares of firm on Jul 06 at a price of $400.00 against the total amount of $0.4 million. In another inside trade, Hammonds Kimberly, Director of Zoom Video Communications Inc. (NASDAQ:ZM) sold 15,625 shares of the firm on Jul 06 for a total worth of $6.25 million at a price of $400.05. An inside trade which took place on Jul 06, Chief Revenue Officer of Zoom Video Communications Inc. Azus Ryan sold 12,256 shares of firm against total price of $4.9 million at the cost of $400.14 per share.