Analysts Set Zoom Communications, Inc. (NASDAQ:ZM) PT at $108.15

Shares of Zoom Communications, Inc. (NASDAQ:ZM) have received an average recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the stock, MarketBeat Ratings reports. Twelve investment 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 covered the stock in the last year is $109.3333.

A number of equities research analysts have recently commented on ZM shares. Wells Fargo & Company lifted their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Piper Sandler lifted 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. KeyCorp upgraded shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a report on Friday, May 22nd. Robert W. Baird raised their target price on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group raised their target price on shares of Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $101.62 on Friday. The company has a market cap of $29.80 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 5.81 and a beta of 1.01. Zoom Communications has a 12 month low of $69.15 and a 12 month high of $114.74. The company has a 50-day simple moving average of $94.38 and a 200-day simple moving average of $88.16.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. 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, analysts anticipate that Zoom Communications will post 4.06 EPS for the current year.

Insider Activity at Zoom Communications

In related news, insider Velchamy Sankarlingam sold 7,645 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 141,971 shares of the company’s stock, valued at approximately $12,130,002.24. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the completion of the sale, the chief operating officer directly owned 1,978 shares in the company, valued at $173,312.36. This represents a 86.69% 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. Insiders sold a total of 159,228 shares of company stock valued at $14,102,835 over the last three months. Insiders own 11.51% of the company’s stock.

Hedge Funds Weigh In On Zoom Communications

A number of large investors have recently modified their holdings of ZM. Advocate Investing Services LLC purchased a new position in shares of Zoom Communications in the 4th quarter worth about $26,000. Strive Financial Group LLC acquired a new stake in Zoom Communications during the 4th quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new stake in Zoom Communications during the 4th quarter worth approximately $28,000. Rexford Capital Inc. increased its position in 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 in the last quarter. Finally, Sound Income Strategies LLC increased its position in 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 in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Communications Company Profile

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.