Zoom Communications (NASDAQ:ZM) Upgraded at Citigroup

Citigroup upgraded shares of Zoom Communications (NASDAQ:ZM) from a neutral rating to a buy rating in a research note released on Monday morning, Marketbeat.com reports. They currently have $106.00 target price on the stock, up from their previous target price of $94.00.

A number of other research analysts have also recently issued reports on ZM. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. Cantor Fitzgerald reissued a “neutral” rating and set a $87.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Zoom Communications in a research report on Monday, December 29th. Piper Sandler raised their price objective on shares of Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Finally, Morgan Stanley lifted their target price on shares of Zoom Communications from $85.00 to $92.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.82.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $82.76 on Monday. The company has a 50-day moving average of $85.43 and a 200-day moving average of $81.40. Zoom Communications has a 52 week low of $64.41 and a 52 week high of $91.43. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 7.47 and a beta of 0.87.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business posted $1.38 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. Sell-side analysts forecast that Zoom Communications will post 2.93 EPS for the current year.

Insider Transactions at Zoom Communications

In other news, CFO Michelle Chang sold 8,417 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $86.54, for a total transaction of $728,407.18. Following the completion of the sale, the chief financial officer owned 25,482 shares in the company, valued at $2,205,212.28. The trade was a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Velchamy Sankarlingam sold 7,568 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $86.55, for a total value of $655,010.40. Following the transaction, the insider directly owned 136,182 shares in the company, valued at $11,786,552.10. This trade represents a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 392,900 shares of company stock valued at $33,187,197 over the last 90 days. 11.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Zoom Communications

Several hedge funds have recently added to or reduced their stakes in ZM. Vanguard Group Inc. boosted its position in shares of Zoom Communications by 4.0% during the third quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after buying an additional 986,164 shares during the period. AQR Capital Management LLC boosted its position in Zoom Communications by 23.4% during the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after acquiring an additional 1,607,253 shares during the last quarter. State Street Corp grew its stake in shares of Zoom Communications by 0.4% during the 3rd quarter. State Street Corp now owns 7,219,148 shares of the company’s stock worth $595,580,000 after acquiring an additional 29,647 shares in the last quarter. Norges Bank acquired a new stake in shares of Zoom Communications in the second quarter valued at approximately $539,998,000. Finally, Geode Capital Management LLC lifted its position in shares of Zoom Communications by 0.5% in the second quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock worth $373,504,000 after purchasing an additional 23,910 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.