Brokerages Set Zoom Communications, Inc. (NASDAQ:ZM) PT at $109.33

Zoom Communications, Inc. (NASDAQ:ZM) has been given a consensus rating of “Moderate Buy” by the twenty-seven ratings firms that are covering the company, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $109.3333.

ZM has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their target price on Zoom Communications from $110.00 to $130.00 and gave the company an “outperform” 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. Robert W. Baird boosted their price target on Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Argus raised Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Finally, Piper Sandler boosted their price target on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd.

Insider Buying and Selling

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. The sale was disclosed in a legal 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 business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $173,312.36. This represents a 86.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 156,638 shares of company stock worth $13,900,194 over the last ninety days. 8.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Zoom Communications

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advocate Investing Services LLC acquired a new position in shares of Zoom Communications during the 4th quarter worth about $26,000. Strive Financial Group LLC acquired a new position in shares of Zoom Communications during the 4th quarter worth about $27,000. Toth Financial Advisory Corp acquired a new position in shares of Zoom Communications during the 4th quarter worth about $28,000. Rexford Capital Inc. lifted 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 worth $31,000 after purchasing an additional 122 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $86.48 on Thursday. The business’s 50-day moving average price is $96.80 and its two-hundred day moving average price is $88.87. Zoom Communications has a one year low of $69.15 and a one year high of $114.74. The company has a market capitalization of $25.36 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 4.77 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last issued its 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. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. 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 analysts anticipate that Zoom Communications will post 4.09 EPS for the current year.

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.