Brokerages Set Zoom Communications, Inc. (NASDAQ:ZM) PT at $95.32

Zoom Communications, Inc. (NASDAQ:ZM) has earned a consensus recommendation of “Hold” from the twenty-eight analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $95.3182.

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein cut their price objective on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. BTIG Research lowered their price objective on Zoom Communications from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Zoom Communications in a research report on Friday, March 13th. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a report on Tuesday, February 24th. Finally, Citigroup upgraded Zoom Communications from a “neutral” rating to a “buy” rating and boosted their price target for the company from $94.00 to $106.00 in a research report on Monday, January 12th.

Insider Activity at Zoom Communications

In other Zoom Communications news, COO Aparna Bawa sold 12,886 shares of the business’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 transaction, the chief operating officer owned 1,978 shares in the company, valued at approximately $173,312.36. The trade was a 86.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $81.32, for a total value of $690,325.48. Following the transaction, the chief financial officer owned 30,467 shares in the company, valued at $2,477,576.44. The trade was a 21.79% 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 144,329 shares of company stock worth $12,364,989 in the last three months. 11.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zoom Communications

A number of 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 valued at $591,000 after buying 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 valued at $1,238,000 after buying an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Zoom Communications by 82.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after buying an additional 397 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Zoom Communications in the 2nd quarter valued at approximately $217,000. Finally, Invesco Ltd. lifted its stake in Zoom Communications by 7.0% in the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after buying an additional 47,749 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Up 0.8%

ZM stock opened at $109.21 on Wednesday. The business has a fifty day moving average of $83.24 and a two-hundred day moving average of $85.37. The stock has a market cap of $32.18 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 6.20 and a beta of 1.00. Zoom Communications has a 52-week low of $69.15 and a 52-week high of $109.50.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.Zoom Communications’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. As a group, sell-side analysts anticipate that Zoom Communications will post 3.94 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.