iA Global Asset Management Inc. Purchases Shares of 3,944 Zoom Communications, Inc. $ZM

iA Global Asset Management Inc. acquired a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the 2nd quarter, Holdings Channel reports. The firm acquired 3,944 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in Zoom Communications during the 1st quarter worth $25,000. SouthState Corp purchased a new stake in shares of Zoom Communications in the first quarter worth about $25,000. REAP Financial Group LLC boosted its position in shares of Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after buying an additional 229 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Zoom Communications in the first quarter valued at about $31,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Zoom Communications in the second quarter valued at about $31,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In other Zoom Communications news, CEO Eric S. Yuan sold 73,378 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $82.85, for a total transaction of $6,079,367.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Velchamy Sankarlingam sold 7,660 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $628,120.00. Following the sale, the insider owned 132,795 shares in the company, valued at $10,889,190. The trade was a 5.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 245,617 shares of company stock valued at $20,154,365 over the last three months. Company insiders own 10.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ZM shares. Wall Street Zen upgraded Zoom Communications from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 28th. Morgan Stanley started coverage on Zoom Communications in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $85.00 target price for the company. JMP Securities reiterated a “market perform” rating on shares of Zoom Communications in a research note on Thursday, September 18th. Stifel Nicolaus increased their target price on Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, September 18th. Finally, Robert W. Baird lowered their target price on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.74.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $83.83 on Wednesday. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $92.80. The business’s 50-day simple moving average is $82.92 and its 200 day simple moving average is $79.10. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 11.77 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. On average, equities research analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Zoom Communications Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.