Zoom Communications’ (ZM) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Zoom Communications (NASDAQ:ZM) in a report issued on Thursday morning,Benzinga reports. They currently have a $130.00 price objective on the stock.

A number of other research firms also recently weighed in on ZM. Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 price target on shares of Zoom Communications in a research note on Tuesday, June 30th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Zoom Communications in a research report on Thursday, July 2nd. Wells Fargo & Company increased their price objective on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Finally, HSBC boosted their target price on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.33.

Zoom Communications Stock Up 4.6%

NASDAQ ZM opened at $87.99 on Thursday. The stock has a market capitalization of $25.80 billion, a P/E ratio of 12.92, a P/E/G ratio of 4.72 and a beta of 1.01. Zoom Communications has a 52-week low of $69.15 and a 52-week high of $114.74. The firm has a 50-day moving average price of $93.30 and a 200 day moving average price of $88.99.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. 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. On average, equities research analysts expect that Zoom Communications will post 4.21 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In related news, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the sale, the chief financial officer directly owned 35,452 shares in the company, valued at $3,219,041.60. The trade was 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, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $106.60, for a total transaction of $1,289,860.00. 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. Insiders sold 48,517 shares of company stock valued at $5,061,783 in the last 90 days. 8.83% of the stock is currently owned by insiders.

Institutional Trading of Zoom Communications

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after acquiring an additional 1,029,623 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Zoom Communications by 43.9% in the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock valued at $1,052,328,000 after acquiring an additional 3,718,186 shares in the last quarter. State Street Corp boosted its stake in shares of Zoom Communications by 5.0% during the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock valued at $654,331,000 after acquiring an additional 363,776 shares during the last quarter. Norges Bank acquired a new stake in shares of Zoom Communications during the fourth quarter valued at $509,788,000. Finally, Geode Capital Management LLC boosted its stake in shares of Zoom Communications by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after acquiring an additional 152,862 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

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.