Shares of Zoom Communications, Inc. (NASDAQ:ZM – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $113.62.
ZM has been the subject of several research analyst reports. Jefferies Financial Group reduced their price objective on Zoom Communications from $118.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. BTIG Research reaffirmed a “buy” rating and set a $125.00 target price on shares of Zoom Communications in a research note on Monday, August 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 target price on shares of Zoom Communications in a report on Wednesday, August 26th. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a report on Wednesday, August 26th.
Get Our Latest Report on Zoom Communications
Zoom Communications Stock Performance
Zoom Communications (NASDAQ:ZM – Get Free Report) last released its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 earnings per share. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. On average, research analysts forecast that Zoom Communications will post 4.27 EPS for the current fiscal year.
Insider Activity at Zoom Communications
In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,644 shares of the stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $91.98, for a total value of $703,095.12. Following the completion of the sale, the insider owned 148,403 shares in the company, valued at $13,650,107.94. This represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the sale, the chief financial officer directly owned 35,452 shares of the company’s stock, valued at $3,219,041.60. This trade represents a 19.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 53,471 shares of company stock worth $5,144,150 in the last 90 days. 8.83% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Zoom Communications
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its stake in Zoom Communications by 13.5% in the second quarter. QRG Capital Management Inc. now owns 45,461 shares of the company’s stock valued at $3,924,000 after acquiring an additional 5,401 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Zoom Communications by 10.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,808 shares of the company’s stock worth $242,000 after purchasing an additional 277 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Zoom Communications by 39.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,246 shares of the company’s stock valued at $1,230,000 after purchasing an additional 4,026 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Zoom Communications by 251.2% during the 2nd quarter. Tidal Investments LLC now owns 123,450 shares of the company’s stock valued at $10,655,000 after purchasing an additional 88,303 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Zoom Communications in the 2nd quarter valued at $43,925,000. Institutional investors own 66.54% of the company’s stock.
Zoom Communications Company Profile
Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.
The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.
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