Zoom Communications, Inc. (NASDAQ:ZM – Get Free Report) shares shot up 11.2% on Monday . The company traded as high as $114.47 and last traded at $113.00. 3,867,460 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 4,435,287 shares. The stock had previously closed at $101.59.
Analyst Ratings Changes
A number of research firms have weighed in on ZM. Cantor Fitzgerald boosted their target price on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Wolfe Research upgraded shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, February 5th. Robert W. Baird boosted their target price on shares of Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Mizuho boosted their target price on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Finally, Benchmark boosted their target price on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.15.
Read Our Latest Stock Report on ZM
Zoom Communications Stock Performance
Zoom Communications (NASDAQ:ZM – Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. Zoom Communications’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. 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. On average, equities research analysts forecast that Zoom Communications, Inc. will post 3.96 EPS for the current fiscal year.
Insiders Place Their Bets
In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $106.58, for a total value of $562,102.92. Following the sale, the director directly owned 142,882 shares in the company, valued at $15,228,363.56. This represents a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction of $653,188.80. Following the completion of the sale, the insider owned 141,971 shares in the company, valued at $12,130,002.24. This represents a 5.11% decrease in their ownership of the stock. 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 ninety days, insiders sold 144,329 shares of company stock worth $12,364,989. Company insiders own 10.78% of the company’s stock.
Institutional Trading of Zoom Communications
Several institutional investors and hedge funds have recently bought and sold shares of ZM. NewEdge Advisors LLC lifted its stake in Zoom Communications by 16.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after purchasing an additional 1,153 shares in the last quarter. Intech Investment Management LLC lifted its stake in Zoom Communications by 59.1% in the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after purchasing an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Zoom Communications by 82.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after buying an additional 397 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Zoom Communications in the 2nd quarter worth $217,000. Finally, Invesco Ltd. increased its holdings in shares of Zoom Communications by 7.0% in the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock worth $56,942,000 after buying an additional 47,749 shares during 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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