Zoom Communications, Inc. (NASDAQ:ZM – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are presently covering the company, MarketBeat.com reports. Twelve analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $109.3333.
Several research analysts have recently weighed in on ZM shares. Piper Sandler upped their price target on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Jefferies Financial Group lifted their price objective on Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wall Street Zen cut Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Benchmark raised their price target on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th.
Get Our Latest Stock Report on ZM
Zoom Communications Trading Up 4.4%
Zoom Communications (NASDAQ:ZM – Get Free Report) last posted its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. Zoom Communications’s revenue was up 5.5% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. Sell-side analysts predict that Zoom Communications will post 4.08 EPS for the current year.
Insider Activity at Zoom Communications
In other news, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total value of $653,188.80. Following the transaction, the insider owned 141,971 shares of the company’s stock, valued at $12,130,002.24. This represents a 5.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the sale, the chief operating officer owned 1,978 shares in the company, valued at approximately $173,312.36. This trade represents a 86.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 156,638 shares of company stock valued at $13,900,194. Company insiders own 8.83% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC raised its position in Zoom Communications by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $512,000 after purchasing an additional 116 shares in the last quarter. 3Chopt Investment Partners LLC boosted its holdings in shares of Zoom Communications by 1.6% in the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock worth $592,000 after purchasing an additional 119 shares in the last quarter. Rexford Capital Inc. increased its position in shares of Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Zoom Communications by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after purchasing an additional 123 shares during the last quarter. Finally, Root Financial Partners LLC raised its holdings in shares of Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after buying an additional 136 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
About Zoom Communications
Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.
Founded in 2011 by Eric S.
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