Zoom Video Communications (ZM) Coverage Initiated at KeyCorp

KeyCorp began coverage on shares of Zoom Video Communications (NASDAQ:ZM) in a research note published on Monday morning, BenzingaRatingsTable reports. The firm issued a sector weight rating on the stock. KeyCorp also issued estimates for Zoom Video Communications’ Q1 2020 earnings at $0.00 EPS, Q2 2020 earnings at ($0.01) EPS, Q3 2020 earnings at ($0.04) EPS, Q4 2020 earnings at ($0.02) EPS, FY2020 earnings at ($0.07) EPS, Q1 2021 earnings at ($0.01) EPS, Q2 2021 earnings at ($0.01) EPS, Q3 2021 earnings at ($0.03) EPS, Q4 2021 earnings at $0.00 EPS, FY2021 earnings at ($0.05) EPS and FY2022 earnings at $0.02 EPS.

Several other research firms also recently commented on ZM. Summit Insights started coverage on Zoom Video Communications in a report on Monday, April 22nd. They set a sell rating for the company. Wells Fargo & Co started coverage on Zoom Video Communications in a report on Monday. They set a market perform rating and a $75.00 price objective for the company. JPMorgan Chase & Co. started coverage on Zoom Video Communications in a report on Monday. They set an overweight rating and a $113.00 price objective for the company. Credit Suisse Group started coverage on Zoom Video Communications in a report on Monday. They set a neutral rating and a $80.00 price objective for the company. They noted that the move was a valuation call. Finally, Piper Jaffray Companies started coverage on Zoom Video Communications in a report on Monday. They set an overweight rating and a $90.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Zoom Video Communications has an average rating of Hold and a consensus price target of $75.72.

NASDAQ ZM opened at $83.40 on Monday. Zoom Video Communications has a 52 week low of $59.94 and a 52 week high of $87.55.

In related news, major shareholder Emergence Capital Partners Iii sold 912,026 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $34.20, for a total transaction of $31,191,289.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric S. Yuan sold 583,787 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $36.00, for a total value of $21,016,332.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,405,918 shares of company stock valued at $83,480,215.

About Zoom Video Communications

Zoom Video Communications, Inc provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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Analyst Recommendations for Zoom Video Communications (NASDAQ:ZM)

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