Rosenblatt Securities Reaffirms “Buy” Rating for Zoom Communications (NASDAQ:ZM)

Zoom Communications (NASDAQ:ZM)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a report released on Tuesday,Benzinga reports. They currently have a $115.00 price target on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 46.31% from the company’s current price.

ZM has been the subject of several other research reports. Morgan Stanley began coverage on shares of 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. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of Zoom Communications in a report on Friday, August 22nd. Dbs Bank upgraded shares of Zoom Communications to a “moderate buy” rating in a report on Tuesday, September 16th. Finally, Mizuho increased their target price on Zoom Communications from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zoom Communications currently has an average rating of “Hold” and an average target price of $92.39.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $78.60 on Tuesday. The stock’s fifty day moving average price is $82.59 and its two-hundred day moving average price is $79.66. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 10.73 and a beta of 0.79. Zoom Communications has a 52-week low of $64.41 and a 52-week high of $92.80.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $1.38 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS. Q4 2026 guidance at 1.480-1.490 EPS. On average, equities analysts predict that Zoom Communications will post 2.93 EPS for the current fiscal year.

Insider Buying and Selling at Zoom Communications

In related news, CEO Eric S. Yuan sold 73,383 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $82.65, for a total transaction of $6,065,104.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michelle Chang sold 33,956 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the completion of the transaction, the chief financial officer owned 20,539 shares in the company, valued at approximately $1,684,198. This trade represents a 62.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 389,373 shares of company stock valued at $32,311,579 in the last three months. Corporate insiders own 10.78% of the company’s stock.

Hedge Funds Weigh In On Zoom Communications

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new position in Zoom Communications in the 3rd quarter valued at approximately $731,000. Ariadne Wealth Management LP acquired a new position in shares of Zoom Communications in the 3rd quarter valued at about $355,000. Caerus Investment Advisors LLC bought a new stake in shares of Zoom Communications during the third quarter worth about $920,000. Sunbelt Securities Inc. increased its holdings in Zoom Communications by 26,312.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,603 shares of the company’s stock worth $545,000 after purchasing an additional 6,578 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Zoom Communications by 58.9% in the 3rd quarter. Captrust Financial Advisors now owns 35,998 shares of the company’s stock valued at $2,970,000 after buying an additional 13,341 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Company 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.