Zoom Video Communications, Inc. (NASDAQ: ZM) is valued at $ 389.87 – Advertising Sentineltin
During the last session, Zoom Video Communications, Inc. (NASDAQ: ZM) shares traded at 1,390,451, with the company’s beta reaching 0 0.88% or $ 3.39. ZM stock’s 52-week high is at $ 588.84, a -51.04% decline from that high, though the stock price has been a sharp + 41.01% since the share price fell to a 52-week low of $ 230. The company’s market capitalization is $ 114.74 billion, and the average intraday trading volume over the past 10 days was 2.53 million shares and the average trading volume over the past three months was 3.13 million shares.
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Zoom Video Communications, Inc. (ZM) received a consensus recommendation from analysts to be overweight. This corresponds to an average rating of 2.3. ZM has a sell rating of 1 analyst (s) out of 27 analysts who have viewed this stock. 12 analysts recommend holding the stock, while 1 suggests an overweight and 12 recommends a buy recommendation. 1 analyst (s) rated the share as underweight. The company’s earnings per share (EPS) for the current quarter is expected to be $ 1.16.
Zoom Video Communications, Inc. (ZM) was up 0.88% in the last session and traded in the green for the last 5 sessions. The stock rose 1.78% intraday this Friday, July 2nd, to $ 398.7, to hit a weekly high. The stock’s 5-day performance is 5.14%, and it has moved 19.72% in 30 days. Based on these gigs, the total price performance for the year is 16.09%. Short’s stake in Zoom Video Communications, Inc. (NASDAQ: ZM) is 10.58 million shares, which means that shorts must cover 3.38 day (s).
Analysts’ consensus price target on Wall Street is $ 412.63, up 5.84% in the current value of the stock. The extremes of the forecast result in a target low and a target high of $ 242 and $ 525, respectively. As a result, ZM is trading at a discount of 34.66% from the target high and -37.93% from the low.
Zoom Video Communications, Inc. (ZM) projections and forecasts
Statistics show that Zoom Video Communications, Inc. outperformed its competitors in stock price compared to the industry in which it operates. Zoom Video Communications, Inc. (ZM) stocks are up 9.36% over the past six months, with year-to-date growth of 39.52%, above the industry average, compared to 1.8%. However, analysts are increasing their growth forecast for fiscal year 2021. Revenue is expected to increase by 26.1% this quarter and 10.1% in the following quarter. According to the forecasts of the rating companies, sales will increase by 51% compared to the previous year.
An analysis of the company’s performance over the past 5 years shows that the company’s profits have fallen by an estimated 0%. While revenue is expected to be 40.1% in 2021, the next five years will bring in 15.38% per year.
Zoom Video Communications, Inc. (NASDAQ: ZM) top investors
Zoom Video Communications, Inc. insiders own 14.31% of total shares outstanding, while institutional owners control 54.13%, with free float of 63.16%. Price (T.Rowe) Associates Inc is the company’s largest shareholder while 1,256 institutions own shares. By March 2021, the company held over 12.54 million shares (or 5.29% of all shares) for a total of $ 4.03 billion in shares.
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The next largest institutional holding with 12.4 million shares is that of Vanguard Group, Inc. (The), which accounts for approximately 5.24% of the outstanding shares. At the market price on March 30, 2021, these stocks were valued at $ 3.98 billion.
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Also ranked first are the mutual funds with the largest holdings of Zoom Video Communications, Inc. (ZM) shares, Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF. Data provided on March 30, 2021 shows that the Vanguard Total Stock Market Index Fund owns approximately 5,463,422 stocks. That equates to just over 2.31 percent of the company’s total stock, which has a market value of $ 1.76 billion. The same data shows the other fund manager holds a little less, at 2.93 million, or about 1.24% of the stock, which is worth about $ 972.57 million.