Zoom Communications, Inc. (NASDAQ:ZM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Zoom Communications, Inc. (NASDAQ:ZM) have been given a consensus rating of “Moderate Buy” by the twenty-six ratings firms that are covering the company, Marketbeat reports. Twelve investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $108.15.

A number of analysts recently weighed in on ZM shares. Wells Fargo & Company increased their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Cantor Fitzgerald increased their price target on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Robert W. Baird increased their price target on shares of Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Jefferies Financial Group increased their price target on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Wolfe Research upgraded shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Thursday, February 5th.

Insiders Place Their Bets

In related news, COO Aparna Bawa sold 12,886 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the sale, the chief operating officer directly owned 1,978 shares in the company, valued at $173,312.36. This trade represents a 86.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the sale, the insider directly owned 141,971 shares of the company’s stock, valued at approximately $12,130,002.24. The trade was a 5.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 144,329 shares of company stock worth $12,364,989 over the last ninety days. Company insiders own 11.51% of the company’s stock.

Institutional Trading of Zoom Communications

A number of large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC increased its stake in Zoom Communications by 2.0% during the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after purchasing an additional 116 shares in the last quarter. 3Chopt Investment Partners LLC increased its stake in Zoom Communications by 1.6% during the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock worth $592,000 after purchasing an additional 119 shares in the last quarter. Rexford Capital Inc. increased its stake in Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after purchasing an additional 122 shares in the last quarter. New York State Teachers Retirement System increased its stake in Zoom Communications by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after purchasing an additional 123 shares in the last quarter. Finally, Root Financial Partners LLC increased its stake in Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after purchasing an additional 136 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Communications Trading Up 1.1%

Zoom Communications stock opened at $101.59 on Friday. Zoom Communications has a 1 year low of $69.15 and a 1 year high of $113.73. The company has a market cap of $29.94 billion, a PE ratio of 14.92, a PEG ratio of 5.81 and a beta of 1.00. The company’s 50-day moving average is $91.36 and its two-hundred day moving average is $87.35.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. 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. Research analysts forecast that Zoom Communications will post 3.96 EPS for the current 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.