Stocks of Zoom Video Communications Inc (NASDAQ:ZM) traded higher last session on Wall Street, up 0.81% to $71.90.
ZM stock price is now 22.24% away from the 50-day moving average and 12.70% away from the 200-day moving average. The market capitalization of the company currently stands at $22.24B.
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With the price target maintained at $75, Rosenblatt recently Upgraded its rating from Neutral to Buy for Zoom Video Communications Inc (NASDAQ: ZM). On March 19, 2024, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $70, while ‘Exane BNP Paribas’ rates the stock as ‘Underperform’
In other news, Steckelberg Kelly, Chief Financial Officer sold 5,013 shares of the company’s stock on Aug 21 ’24. The stock was sold for $299,298 at an average price of $59.70. Upon completion of the transaction, the Chief Financial Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Chief Financial Officer Steckelberg Kelly sold 5,007 shares of the business’s stock. A total of $283,601 was realized by selling the stock at an average price of $56.64. A total of 14.95% of the company’s stock is owned by insiders.
During the past 12 months, Zoom Video Communications Inc has had a low of $55.06 and a high of $75.90. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.45, and a quick ratio of 4.45. According to the stock market information, the enterprise value for the company is $14674039808, which is based on a 25.76 price-to-earnings ratio, a 17.17 price-to-earnings-growth ratio, and a beta of -0.06. The fifty day moving average price for ZM is $59.1009 and a two-hundred day moving average price translates $63.850574 for the stock.
The latest earnings results from Zoom Video Communications Inc (NASDAQ: ZM) was released for 2024-07-31. The net profit margin was 19.08% and return on equity was 11.27% for ZM. The company reported revenue of $1.16 billion for the quarter, compared to $1.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.09 percent.
