Fintel reports that on October 4, 2023, Rosenblatt reiterated coverage of Zoom Video Communications Inc - (NASDAQ:ZM) with a Neutral recommendation.
Analyst Price Forecast Suggests 24.27% Upside
As of August 31, 2023, the average one-year price target for Zoom Video Communications Inc - is 84.55. The forecasts range from a low of 66.66 to a high of $110.25. The average price target represents an increase of 24.27% from its latest reported closing price of 68.04.
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The projected annual revenue for Zoom Video Communications Inc - is 4,751MM, an increase of 6.44%. The projected annual non-GAAP EPS is 3.73.
What is the Fund Sentiment?
There are 1127 funds or institutions reporting positions in Zoom Video Communications Inc -. This is a decrease of 65 owner(s) or 5.45% in the last quarter. Average portfolio weight of all funds dedicated to ZM is 0.23%, a decrease of 0.71%. Total shares owned by institutions increased in the last three months by 0.78% to 182,747K shares. 
The put/call ratio of ZM is 0.55, indicating a bullish outlook.
What are Other Shareholders Doing?
ARK Investment Management holds 10,462K shares representing 3.48% ownership of the company. In it's prior filing, the firm reported owning 10,867K shares, representing a decrease of 3.87%. The firm decreased its portfolio allocation in ZM by 14.74% over the last quarter.
ARKK - ARK Innovation ETF holds 8,475K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 8,245K shares, representing an increase of 2.71%. The firm decreased its portfolio allocation in ZM by 11.35% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,953K shares representing 2.31% ownership of the company. In it's prior filing, the firm reported owning 6,459K shares, representing an increase of 7.10%. The firm decreased its portfolio allocation in ZM by 8.70% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 6,455K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 6,351K shares, representing an increase of 1.60%. The firm decreased its portfolio allocation in ZM by 2.29% over the last quarter.
Nikko Asset Management Americas holds 5,824K shares representing 1.94% ownership of the company. In it's prior filing, the firm reported owning 5,668K shares, representing an increase of 2.68%. The firm decreased its portfolio allocation in ZM by 12.05% over the last quarter.
Zoom Video Communications Background Information
(This description is provided by the company.)
Zoom Video Communications, Inc. brings teams together to get more done in a frictionless and secure video environment. Its easy, reliable, and innovative video-first unified communications platform provides video meetings, voice, webinars, and chat across desktops, phones, mobile devices, and conference room systems. Zoom helps enterprises create elevated experiences with leading business app integrations and developer tools to create customized workflows. Founded in 2011, Zoom is headquartered in San Jose, California, with offices around the world.
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