Resonant Capital Advisors LLC Purchases New Position in Zoom Communications, Inc. $ZM

Resonant Capital Advisors LLC acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,741 shares of the company’s stock, valued at approximately $214,000.

Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Zoom Communications by 63.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock valued at $166,651,000 after buying an additional 830,393 shares during the period. Victory Capital Management Inc. grew its position in Zoom Communications by 119.5% in the first quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company’s stock valued at $103,670,000 after acquiring an additional 765,092 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Zoom Communications by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company’s stock valued at $1,829,249,000 after purchasing an additional 624,863 shares during the period. Nuveen LLC acquired a new position in shares of Zoom Communications during the first quarter worth $37,646,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Zoom Communications in the second quarter valued at $38,163,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Trading Down 0.3%

Shares of ZM opened at $84.89 on Wednesday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The firm has a market cap of $25.68 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 11.62 and a beta of 0.78. The stock has a 50 day moving average of $82.18 and a 200-day moving average of $78.58.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business earned $1.39 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. On average, sell-side analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ZM shares. William Blair reaffirmed an “outperform” rating on shares of Zoom Communications in a research note on Tuesday, September 30th. Wells Fargo & Company initiated coverage on Zoom Communications in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price target for the company. Wall Street Zen upgraded Zoom Communications from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 28th. Citigroup upped their target price on Zoom Communications from $84.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. Finally, Benchmark raised their price target on shares of Zoom Communications from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $91.74.

Insider Buying and Selling at Zoom Communications

In related news, COO Aparna Bawa sold 10,528 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $79.77, for a total transaction of $839,818.56. Following the sale, the chief operating officer owned 1,978 shares in the company, valued at $157,785.06. This represents a 84.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $80.78, for a total value of $199,930.50. Following the completion of the sale, the director directly owned 152,644 shares in the company, valued at approximately $12,330,582.32. This trade represents a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 245,617 shares of company stock worth $20,154,365. 10.78% of the stock is owned by company insiders.

About Zoom Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.