Zoom Video Communications Inc (NASDAQ:ZM) has a beta value of -0.02 and has seen 6.3 million shares traded in the recent trading session. The company, currently valued at $25.28B, closed the recent trade at $82.14 per share which meant it lost -$6.89 on the day or -7.74% during that session. The ZM stock price is -12.98% off its 52-week high price of $92.80 and 32.97% above the 52-week low of $55.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.92 million shares traded. The 3-month trading volume is 3.16 million shares.
The consensus among analysts is that Zoom Video Communications Inc (ZM) is Buy stock at the moment, with a recommendation rating of 2.43. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 12 out of 25 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.31.
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Zoom Video Communications Inc (NASDAQ:ZM) trade information
Sporting -7.74% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ZM stock price touched $82.14 or saw a rise of 11.49%. Year-to-date, Zoom Video Communications Inc shares have moved 14.23%, while the 5-day performance has seen it change 5.65%. Over the past 30 days, the shares of Zoom Video Communications Inc (NASDAQ:ZM) have changed 11.23%. Short interest in the company has seen 9.09 million shares shorted with days to cover at 3.61.
Wall Street analysts have a consensus price target for the stock at $90, which means that the shares’ value could jump 8.73% from the levels at last check today. The projected low price target is $55.0 while the price target rests at a high of $295.0. In that case, then, we find that the latest price level in today’s session is -259.14% off the targeted high while a plunge would see the stock lose 33.04% from the levels at last check today.
Zoom Video Communications Inc (ZM) estimates and forecasts
Figures show that Zoom Video Communications Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 33.87% over the past 6 months, with this year growth rate of 2.50%, compared to 24.60% for the industry. Revenue growth from the last financial year stood is estimated to be 2.94%.
23 analysts offering their estimates for the company have set an average revenue estimate of 1.18B for the current quarter. 22 have an estimated revenue figure of 1.17B for the next ending quarter. Year-ago sales stood 1.15B and 1.14B respectively for this quarter and the next, and analysts expect sales will grow by 2.84% for the current quarter and 2.94% for the next.
Earnings growth for 2024 is a modest 3.80% while over the next 5 years, the company’s earnings are expected to increase by 6.00%.
ZM Dividends
Zoom Video Communications Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Zoom Video Communications Inc (NASDAQ:ZM)’s Major holders
Insiders own 4.27% of the company shares, while shares held by institutions stand at 68.76% with a share float percentage of 71.83%. Investors are also buoyed by the number of investors in a company, with Zoom Video Communications Inc having a total of 986.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 23.78 million shares worth more than $1.41 billion. As of 2024-06-30, VANGUARD GROUP INC held 7.704% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 15.53 million shares as of 2024-06-30. The firm’s total holdings are worth over $919.33 million and represent 5.0314% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Pacer U.S. Cash Cows 100 ETF. As of Jun 30, 2024, the former fund manager holds about 2.86% shares in the company for having 7.49 shares of worth $616.25 million while later fund manager owns 5.33 shares of worth $438.69 million as of Jul 31, 2024, which makes it owner of about 2.03% of company’s outstanding stock.
