Rosenblatt Securities Reiterates Buy Rating for Zoom Communications (NASDAQ:ZM)

Zoom Communications (NASDAQ:ZM)‘s stock had its “buy” rating reiterated by equities researchers at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $130.00 price objective on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 47.74% from the company’s current price.

ZM has been the subject of a number of other reports. Benchmark lifted their price target on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Mizuho increased their price objective on shares of Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. BTIG Research boosted their target price on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Thursday, July 2nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $87.99 on Thursday. The firm has a market capitalization of $25.80 billion, a PE ratio of 12.92, a PEG ratio of 4.51 and a beta of 1.01. The stock’s fifty day moving average is $93.30 and its 200 day moving average is $88.99. Zoom Communications has a fifty-two week low of $69.15 and a fifty-two week high of $114.74.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. Zoom Communications’s quarterly revenue 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. Equities analysts forecast that Zoom Communications will post 4.21 EPS for the current year.

Insider Buying and Selling

In related news, CEO Eric S. Yuan sold 12,100 shares of Zoom Communications 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the company’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 completion of the transaction, the director owned 137,608 shares in the company, valued at $15,106,606.24. This represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 48,517 shares of company stock valued at $5,061,783 in the last 90 days. Company insiders own 8.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZM. NewEdge Advisors LLC raised its stake in Zoom Communications by 16.8% in the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after buying an additional 1,153 shares in the last quarter. Intech Investment Management LLC boosted its position in Zoom Communications by 59.1% during the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after acquiring an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Zoom Communications by 82.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after acquiring an additional 397 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Zoom Communications in the 2nd quarter valued at $217,000. Finally, Invesco Ltd. increased its holdings in shares of Zoom Communications by 7.0% in the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after acquiring an additional 47,749 shares during the period. 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.