Currently, there are 247.15M common shares owned by the public and among those 229.97M shares have been available to trade.
Insiders at the company have transacted a total of 140 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 404,168 shares. Insider sales of the common stock occurred on 98 occasions, with total insider shares sold totaling 400,450 shares.
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However, the script later moved the day high at 64.32, down -0.44%. The company’s stock has a 5-day price change of 1.61% and -1.11% over the past three months. ZM shares are trading -12.22% year to date (YTD), with the 12-month market performance down to -15.35% lower. It has a 12-month low price of $58.87 and touched a high of $76.98 over the same period. ZM has an average intraday trading volume of 3.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.76%, -6.77%, and -6.33% respectively.
Institutional ownership of Zoom Video Communications Inc (NASDAQ: ZM) shares accounts for 59.43% of the company’s 247.15M shares outstanding.
It has a market capitalization of $19.22B and a beta (3y monthly) value of -0.10. The stock’s trailing 12-month PE ratio is 84.68, while the earnings-per-share (ttm) stands at $0.75. The company has a PEG of 56.45 and a Quick Ratio of 4.15 with the debt-to-equity ratio at 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.12% over the week and 2.16% over the month.
Analysts forecast that Zoom Video Communications Inc (ZM) will achieve an EPS of $1.15 for the current quarter, $1.13 for the next quarter and $4.71 for 2025. The lowest estimate earnings-per-share for the quarter is $1.1 while analysts give the company a high EPS estimate of $1.32. Comparatively, EPS for the current quarter was $1.22 a year ago. Earnings per share for the fiscal year are expected to decrease by -10.61%, and 2.66% over the next financial year.
Looking at the support for the ZM, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Underperform rating for the stock in a research note on January 18, 2024, with the firm’s price target at $60. Wells Fargo coverage for the Zoom Video Communications Inc (ZM) stock in a research note released on December 20, 2023 offered a Underweight rating with a price target of $70. Citigroup was of a view on November 17, 2023 that the stock is Neutral, while HSBC Securities gave the stock Buy rating on September 15, 2023, issuing a price target of $83. MoffettNathanson on their part issued Market Perform rating on May 23, 2023.
