5 Nasdaq Sleeper Stocks to Buy Before Wall Street Wakes Up

2. Zoom Video Communications, Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 44

Zoom Video Communications, Inc. (NASDAQ:ZM) is an information technology company providing a unified communications platform. The company is based in San Jose, California.

A Buy rating was reiterated on Zoom Video Communications, Inc. (NASDAQ:ZM) shares on November 9, by analyst Catharine Trebnick at MKM Partners. The analyst also placed a $100 price target on the stock.

Now is a good time to gain a position in Zoom Video Communications, Inc. (NASDAQ:ZM), as the stock lost 55% year-to-date as of October 31. The company has over $5 billion in cash on its books, with no debt. Its enterprise value was $19.53 billion at the end of October.

Zoom Video Communications, Inc. (NASDAQ:ZM) had 44 hedge funds long its stock in the second quarter and 43 hedge funds long its stock in the previous quarter. Their total stake values were $2.9 billion and $3.2 billion, respectively.