Neuburgh Advisers LLC Buys Shares of 2,222 Zoom Video Communications Inc (NASDAQ:ZM)

Neuburgh Advisers LLC bought a new stake in Zoom Video Communications Inc (NASDAQ:ZM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,222 shares of the company’s stock, valued at approximately $197,000.

Several other institutional investors and hedge funds have also made changes to their positions in ZM. Sheets Smith Wealth Management bought a new stake in shares of Zoom Video Communications in the 2nd quarter valued at approximately $316,000. Intl Fcstone Inc. bought a new stake in shares of Zoom Video Communications in the 2nd quarter valued at approximately $202,000. Toth Financial Advisory Corp bought a new stake in shares of Zoom Video Communications in the 2nd quarter valued at approximately $59,000. Broadleaf Partners LLC bought a new stake in shares of Zoom Video Communications in the 2nd quarter valued at approximately $1,414,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Zoom Video Communications in the 2nd quarter valued at approximately $212,000. 9.06% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on ZM shares. Royal Bank of Canada boosted their price target on Zoom Video Communications from $86.00 to $99.00 and gave the company a “sector perform” rating in a report on Friday, September 6th. JPMorgan Chase & Co. boosted their price target on Zoom Video Communications from $113.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Oppenheimer began coverage on Zoom Video Communications in a report on Friday, May 24th. They issued a “market perform” rating for the company. CIBC began coverage on Zoom Video Communications in a research note on Friday, May 24th. They set a “market perform” rating for the company. Finally, FBN Securities began coverage on Zoom Video Communications in a research note on Tuesday. They set a “sector perform” rating and a $85.00 price objective for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Zoom Video Communications has a consensus rating of “Hold” and a consensus price target of $89.84.

Shares of NASDAQ:ZM traded down $1.33 on Friday, hitting $80.20. The company’s stock had a trading volume of 24,063 shares, compared to its average volume of 1,960,802. Zoom Video Communications Inc has a 12 month low of $59.94 and a 12 month high of $107.34. The company’s 50-day moving average price is $92.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.46 and a current ratio of 4.46.

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

Zoom Video Communications Company 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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