Zoom Communications, Inc. (NASDAQ:ZM) Receives Consensus Recommendation of “Hold” from Analysts

Zoom Communications, Inc. (NASDAQ:ZM) has received a consensus rating of “Hold” from the twenty-eight analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $95.3182.

ZM has been the topic of a number of recent research reports. Piper Sandler upped their target price on Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Wolfe Research upgraded Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Thursday, February 5th. Zacks Research lowered Zoom Communications from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Citigroup raised shares of Zoom Communications from a “neutral” rating to a “buy” rating and boosted their target price for the company from $94.00 to $106.00 in a research note on Monday, January 12th.

Insider Buying and Selling at Zoom Communications

In other news, COO Aparna Bawa sold 12,137 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $81.37, for a total value of $987,587.69. Following the completion of the transaction, the chief operating officer owned 1,978 shares of the company’s stock, valued at $160,949.86. The trade was a 85.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Velchamy Sankarlingam sold 2,590 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $78.24, for a total transaction of $202,641.60. Following the transaction, the insider directly owned 137,044 shares in the company, valued at $10,722,322.56. The trade was a 1.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 109,706 shares of company stock valued at $9,299,555. Corporate insiders own 10.78% of the company’s stock.

Institutional Investors Weigh In On Zoom Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its position in Zoom Communications by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after buying an additional 116 shares during the period. New York State Teachers Retirement System grew its holdings in Zoom Communications by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after buying an additional 123 shares during the period. Wynn Capital LLC increased its stake in shares of Zoom Communications by 1.3% during the 3rd quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock valued at $860,000 after acquiring an additional 130 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after acquiring an additional 136 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Zoom Communications by 34.7% during the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Up 1.2%

Shares of ZM opened at $74.96 on Tuesday. Zoom Communications has a 12-month low of $64.41 and a 12-month high of $97.58. The stock has a market cap of $22.20 billion, a P/E ratio of 12.09, a PEG ratio of 4.24 and a beta of 0.93. The company has a 50-day moving average of $85.18 and a two-hundred day moving average of $84.52.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. As a group, analysts forecast that Zoom Communications will post 2.93 EPS for the current fiscal year.

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.