How to Buy Zoom Stock
Zoom Video Communications Inc
Zoom Video Communications, Inc. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
Zoom stock last closed at $67.21, down 0.59% from the previous day, and has decreased 1.22% in one year. It has underperformed other stocks in the Software - Application industry by 0.26 percentage points. Zoom stock is currently +22.07% from its 52-week low of $55.06, and -10.11% from its 52-week high of $74.77.
At the moment, there are 307.79M ZM shares outstanding. The market value of ZM is $20.69B. In the last 24 hours, 1.59M ZM shares were traded.
How to Buy Zoom Stock
Not sure how to invest in Zoom stock? Here's how.
- Decide where to buy Zoom stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Zoom stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your method of payment and add your information.
- Research Zoom stock: The Zoom ticker symbol is ZM. Is Zoom stock a good investment? Should you buy shares of ZM? How do ZM's underlying business fundamentals look? Do top analysts think Zoom is a good buy? Why has ZM's stock price moved recently? (Hint: Our stock research website can help you understand if ZM is a good stock to buy).
- Place your ZM buy order: Decide if you will purchase ZM shares at the current market price or use a limit order to buy ZM stock at a particular price.
- Keep an eye on your ZM investment: Create a watchlist to keep track of your investment in Zoom stock.
Step 1: Decide where to buy Zoom stock
You will need an online brokerage account to access the NASDAQ market and buy ZM shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal details so you can invest in ZM today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on one of the most highly reviewed stock trading apps, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of depositing money into your investment account.
Step 4: Research Zoom stock
After you have selected the best place to buy Zoom stock, it's very important to research their stock before you invest, so you can understand the risk and opportunity.
Zoom Metrics
Fundamentals of ZM
WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on ZM's stock page.
Is ZM stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge ZM's intrinsic value.
Using relative valuations methods:
- ZM may be undervalued based on its P/E ratio of 23.42x, relative to Software - Application industry P/E ratio of 25.24x
- ZM may be undervalued based on its P/B ratio of 2.43x, relative to Software - Application industry P/B ratio of 6.78x
You can access more valuation analysis on ZM's stock here.
ZM Financial Overview
Passed Financial Due Diligence Checks:
- Total ZM debt is lower than 5 years ago, relative to shareholder equity.
- ZM's operating cash flow of $1.88B allows it to safely service it's debt of $36.05M.
- ZM profit margin has gone up from 3.2% to 19.1% in the past year.
- There are more short-term assets than long-term liabilities on the ZM balance sheet.
- ZM has a low debt to equity ratio of 0.23.
- There are more short-term assets than short-term liabilities on the ZM balance sheet.
- ZM earnings of $1.12B is not sufficient to cover its interest payments.
Is ZM stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 13 Equities analysts who give forecasts on ZM, the consensus analyst rating on Zoom is a Hold
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest ZM Analyst Recommendations
Matthew Harrigan, a bottom 1% analyst from Benchmark reiterates ZM with a strong buy rating and maintains their ZM price target from $83.00 to $83.00, on Aug 5, 2024.
James Fish, a top 29% analyst from Piper Sandler maintains ZM with a hold rating and lowers their ZM price target from $72.00 to $68.00, on Jul 10, 2024.
Meta Marshall, a top 5% analyst from Morgan Stanley maintains ZM with a hold rating and lowers their ZM price target from $72.00 to $68.00, on Jun 14, 2024.
Morgan Stanley's Meta Marshall lowered their price target on Zoom (NASDAQ: ZM) by 5.6% from $72 to $68 on 2024/06/14. The analyst maintained their Hold rating on the stock.
Marshall decreased their price target on Zoom to reflect their updated mark-to-market multiple.
Their multiple is lower than Zoom's peers and "more in line with communication software names," the analyst noted.
Footnotes
Mark-to-market is an accounting method that measures the fair value of accounts that can fluctuate over time, such as assets and liabilities. It involves recording the price or value of a security, portfolio, or account to reflect its current market value rather than its book value.
Tyler Radke, a top 13% analyst from Citigroup maintains ZM with a hold rating and raises their ZM price target from $76.00 to $77.00, on May 21, 2024.
Rishi Jaluria, a bottom 2% analyst from RBC Capital reiterates ZM with a buy rating and maintains their ZM price target from $95.00 to $95.00, on May 21, 2024.
You can dig deeper into what analysts are projecting on the Zoom stock forecast page.
Metrics for Advanced ZM Traders
ZM Earnings
Last year, ZM earnings were $875.37M. In the past 5 year, ZM's earnings have grown by 210.15% per year. This was faster than the Software - Application industry average of 125.51%.
Last year, ZM revenue was $4.59B. Over the last five year, ZM's revenue has increased by 58.14% per year. This was faster than the Software - Application industry average of 27.72%.
Find out more about ZM's earnings and revenue performance here.
Who is buying/selling ZM?
In the last year, insiders at ZM have sold more shares than they have bought.
Kelly Steckelberg, Chief Financial Officer of ZM, was the latest ZM insider to sell. They sold $54,818.15 worth of ZM stock on Sep 18, 2024.
Get more info about who owns ZM shares here.
Can I get consistent income from ZM stock?
No, Zoom doesn't provide an income stream by paying out dividends.
ZM Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your ZM buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Click the Open button and eToro will execute your order.
If you want more help buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your ZM investment
Now that you own some shares in ZM, you'll want to stay up-to-date on your new investment.
Create a watchlist to keep track of your ZM stock.
ZM Feed
How to Buy Stock in Zoom
To summarize, here are the 6 steps to buy stock in Zoom:
- Decide where to buy Zoom stock
- Create a brokerage account
- Fund your brokerage account
- Research Zoom stock
- Place your ZM buy order
- Keep an eye on your ZM investment
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Zoom, get started below.
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