3,434 Shares in Zoom Video Communications Inc (NASDAQ:ZM) Purchased by Flinton Capital Management LLC

Flinton Capital Management LLC acquired a new position in shares of Zoom Video Communications Inc (NASDAQ:ZM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,434 shares of the company’s stock, valued at approximately $305,000.

Other hedge funds have also recently modified their holdings of the company. SALESFORCE.COM Inc. purchased a new stake in Zoom Video Communications in the 2nd quarter worth approximately $246,639,000. Baillie Gifford & Co. purchased a new stake in Zoom Video Communications in the 2nd quarter worth approximately $26,637,000. Jennison Associates LLC purchased a new stake in Zoom Video Communications in the 2nd quarter worth approximately $22,926,000. Wells Fargo & Company MN purchased a new stake in Zoom Video Communications in the 2nd quarter worth approximately $22,240,000. Finally, Glynn Capital Management LLC purchased a new stake in Zoom Video Communications in the 2nd quarter worth approximately $19,454,000. 9.06% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on ZM shares. Stephens reissued an “overweight” rating and set a $115.00 price objective on shares of Zoom Video Communications in a research note on Thursday, August 22nd. Rosenblatt Securities reaffirmed a “hold” rating and set a $90.00 price target on shares of Zoom Video Communications in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on shares of Zoom Video Communications from $113.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. FBN Securities initiated coverage on shares of Zoom Video Communications in a research report on Tuesday, September 10th. They set a “sector perform” rating and a $85.00 price target for the company. Finally, Bank of America boosted their price objective on shares of Zoom Video Communications from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Zoom Video Communications currently has a consensus rating of “Hold” and an average target price of $90.45.

Shares of NASDAQ:ZM opened at $76.04 on Friday. Zoom Video Communications Inc has a 52 week low of $59.94 and a 52 week high of $107.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.00 and a quick ratio of 4.00. The company has a 50 day moving average price of $87.94.

Zoom Video Communications (NASDAQ:ZM) last released its earnings results on Thursday, September 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.10. The company had revenue of $145.80 million during the quarter, compared to analysts’ expectations of $130.55 million. The company’s revenue for the quarter was up 95.7% on a year-over-year basis. On average, research analysts expect that Zoom Video Communications Inc will post -0.06 earnings per share for the current year.

Zoom Video Communications Profile

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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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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