Zoom Video Communications (ZM) Now Covered by Stifel Nicolaus

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Stifel Nicolaus initiated coverage on shares of Zoom Video Communications (NASDAQ:ZM) in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $75.00 price objective on the stock.

ZM has been the topic of a number of other reports. Rosenblatt Securities assumed coverage on shares of Zoom Video Communications in a research report on Tuesday, April 30th. They set a neutral rating and a $60.00 target price on the stock. Sanford C. Bernstein assumed coverage on shares of Zoom Video Communications in a research report on Monday, April 29th. They set an outperform rating and a $45.00 target price on the stock. Goldman Sachs Group assumed coverage on shares of Zoom Video Communications in a research report on Monday. They set a neutral rating and a $47.00 target price on the stock. Piper Jaffray Companies assumed coverage on shares of Zoom Video Communications in a research report on Monday. They set an overweight rating and a $90.00 target price on the stock. Finally, Credit Suisse Group assumed coverage on shares of Zoom Video Communications in a research report on Monday. They set a neutral rating and a $80.00 target price on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $75.72.

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

In related news, CEO Eric S. Yuan sold 583,787 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $36.00, for a total transaction of $21,016,332.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Janine Pelosi sold 81,668 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $36.00, for a total transaction of $2,940,048.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,405,918 shares of company stock worth $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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