Zoom Video Communications (ZM) Receives a Hold from Morgan Stanley

By Jason Carr

Morgan Stanley analyst Meta Marshall maintained a Hold rating on Zoom Video Communications (ZMResearch Report) today and set a price target of $105.00. The company’s shares closed last Monday at $141.06.

According to TipRanks.com, Marshall is a 2-star analyst with an average return of -5.3% and a 51.2% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Lumentum Holdings, and Viavi Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zoom Video Communications with a $111.88 average price target, representing a -20.1% downside. In a report issued on March 11, RBC Capital also maintained a Hold rating on the stock with a $110.00 price target.

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Zoom Video Communications’ market cap is currently $37.72B and has a P/E ratio of 1502.10. The company has a Price to Book ratio of 53.38.

Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zoom Video Communications, Inc. engages in the provision of video-first communications platform. It connects people through frictionless video, voice, chat and content sharing, and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations. It focuses on customer and employee happiness, a video-first cloud architecture, recognized market leadership, viral demand, an efficient go-to-market strategy, and robust customer support. The company was founded by Eric S. Yuan in 2011 and is headquartered in San Jose, CA.