Zoom Video Communications (ZM) Now Covered by Wells Fargo & Co

Wells Fargo & Co assumed coverage on shares of Zoom Video Communications (NASDAQ:ZM) in a report published on Monday morning, BenzingaRatingsTable reports. The brokerage issued a market perform rating and a $75.00 target price on the stock.

ZM has been the topic of several other research reports. Rosenblatt Securities initiated coverage on Zoom Video Communications in a research report on Tuesday, April 30th. They set a neutral rating and a $60.00 price target on the stock. Sanford C. Bernstein initiated coverage on Zoom Video Communications in a research report on Monday, April 29th. They set an outperform rating and a $45.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on Zoom Video Communications in a research report on Monday. They set an overweight rating and a $113.00 price target on the stock. Piper Jaffray Companies initiated coverage on Zoom Video Communications in a research report on Monday. They set an overweight rating and a $90.00 price target on the stock. Finally, Goldman Sachs Group initiated coverage on Zoom Video Communications in a research report on Monday. They set a neutral rating and a $47.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $75.72.

NASDAQ:ZM opened at $79.76 on Monday. Zoom Video Communications has a twelve month low of $59.94 and a twelve month high of $80.79.

In related news, CEO Eric S. Yuan sold 583,787 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Janine Pelosi sold 81,668 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $36.00, for a total value of $2,940,048.00. The disclosure for this sale can be found here. Insiders sold a total of 2,405,918 shares of company stock valued at $83,480,215 over the last 90 days.

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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Analyst Recommendations for Zoom Video Communications (NASDAQ:ZM)

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