Zoom Communications (NASDAQ:ZM) Price Target Raised to $94.00

Zoom Communications (NASDAQ:ZM) had its target price lifted by equities researchers at Citigroup from $85.00 to $94.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 12.71% from the stock’s current price.

ZM has been the subject of a number of other reports. William Blair reissued an “outperform” rating on shares of Zoom Communications in a research report on Tuesday, September 30th. Robert W. Baird decreased their price objective on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Benchmark upped their price objective on shares of Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 18th. JMP Securities reiterated a “market perform” rating on shares of Zoom Communications in a research report on Thursday, September 18th. Finally, Stifel Nicolaus boosted their price target on shares of Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $92.35.

Zoom Communications Stock Performance

ZM stock traded down $0.82 during mid-day trading on Monday, hitting $83.40. The company had a trading volume of 257,284 shares, compared to its average volume of 2,773,014. The firm has a market cap of $25.23 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 11.49 and a beta of 0.79. Zoom Communications has a 12 month low of $64.41 and a 12 month high of $92.80. The stock’s fifty day moving average price is $83.15 and its two-hundred day moving average price is $79.59.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Equities analysts anticipate that Zoom Communications will post 2.93 earnings per share for the current year.

Insider Activity at Zoom Communications

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,660 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 132,795 shares of the company’s stock, valued at $10,889,190. This trade represents a 5.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Aparna Bawa sold 10,528 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $79.77, for a total transaction of $839,818.56. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $157,785.06. The trade was a 84.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 321,470 shares of company stock valued at $26,684,150 in the last quarter. 10.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zoom Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZM. Gotham Asset Management LLC raised its holdings in shares of Zoom Communications by 11.7% in the 3rd quarter. Gotham Asset Management LLC now owns 266,741 shares of the company’s stock valued at $22,006,000 after acquiring an additional 27,897 shares in the last quarter. Focus Partners Wealth increased its position in shares of Zoom Communications by 32.2% in the third quarter. Focus Partners Wealth now owns 81,435 shares of the company’s stock worth $6,719,000 after purchasing an additional 19,848 shares during the last quarter. Brevan Howard Capital Management LP raised its stake in Zoom Communications by 12.6% in the third quarter. Brevan Howard Capital Management LP now owns 46,870 shares of the company’s stock valued at $3,867,000 after purchasing an additional 5,257 shares in the last quarter. CSM Advisors LLC bought a new stake in Zoom Communications during the third quarter valued at approximately $16,430,000. Finally, Circle Wealth Management LLC lifted its position in Zoom Communications by 7.5% during the third quarter. Circle Wealth Management LLC now owns 16,115 shares of the company’s stock valued at $1,329,000 after purchasing an additional 1,129 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

About Zoom Communications

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.