AEGON ASSET MANAGEMENT UK Plc Makes New Investment in Zoom Communications, Inc. $ZM

AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Zoom Communications, Inc. (NASDAQ:ZM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,700 shares of the company’s stock, valued at approximately $1,745,000.

Several other large investors have also recently modified their holdings of the business. Advocate Investing Services LLC acquired a new position in shares of Zoom Communications during the fourth quarter worth $26,000. Strive Financial Group LLC acquired a new stake in Zoom Communications in the fourth quarter valued at $27,000. Toth Financial Advisory Corp bought a new position in Zoom Communications during the 4th quarter worth $28,000. Sound Income Strategies LLC raised its position in Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $38,000 after buying an additional 200 shares during the period. Institutional investors own 66.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZM. Weiss Ratings upgraded Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Needham & Company LLC raised their price objective on Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Mizuho lifted their price objective on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Sanford C. Bernstein reduced their target price on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Finally, KeyCorp raised shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Insiders Place Their Bets

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total transaction of $1,350,481.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the transaction, the chief operating officer owned 1,978 shares in the company, valued at $173,312.36. The trade was a 86.69% 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. Over the last ninety days, insiders sold 156,638 shares of company stock worth $13,900,194. Company insiders own 8.83% of the company’s stock.

Zoom Communications Stock Performance

Shares of ZM opened at $86.36 on Monday. The firm’s fifty day simple moving average is $96.64 and its two-hundred day simple moving average is $88.92. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The stock has a market capitalization of $25.32 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 4.79 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last 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. As a group, research analysts predict that Zoom Communications, Inc. will post 4.06 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.