Zoom Communications, Inc. (NASDAQ:ZM) Receives $109.33 Consensus PT from Analysts

Zoom Communications, Inc. (NASDAQ:ZM) has been given a consensus rating of “Moderate Buy” by the twenty-seven research firms that are currently covering the company, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $109.3333.

A number of equities analysts recently issued reports on ZM shares. Citigroup increased their price objective on Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Thursday. Morgan Stanley boosted their price target on Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Mizuho increased their price target on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Finally, BTIG Research raised their price target on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd.

Zoom Communications Trading Up 4.6%

NASDAQ ZM opened at $87.99 on Monday. Zoom Communications has a 52 week low of $69.15 and a 52 week high of $114.74. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 4.51 and a beta of 1.01. The company has a 50-day moving average price of $93.30 and a two-hundred day moving average price of $88.99.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. Zoom Communications’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. As a group, equities research analysts expect that Zoom Communications will post 4.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the transaction, the chief financial officer owned 35,452 shares of the company’s stock, valued at approximately $3,219,041.60. This trade represents a 19.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, Director Santiago Subotovsky sold 5,274 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $109.78, for a total transaction of $578,979.72. Following the sale, the director owned 137,608 shares in the company, valued at $15,106,606.24. This trade represents a 3.69% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 48,517 shares of company stock valued at $5,061,783. Company insiders own 8.83% of the company’s stock.

Institutional Investors Weigh In On Zoom Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its position in shares of Zoom Communications by 6.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 200,418 shares of the company’s stock valued at $17,298,000 after purchasing an additional 12,457 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Zoom Communications by 133.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Zoom Communications by 400.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company’s stock valued at $43,000 after buying an additional 400 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of Zoom Communications by 4.5% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 58,359 shares of the company’s stock valued at $5,037,000 after buying an additional 2,500 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Zoom Communications by 36.0% during the second quarter. Assenagon Asset Management S.A. now owns 608,591 shares of the company’s stock valued at $52,527,000 after buying an additional 161,030 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

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.