Verus Capital Partners LLC Decreases Stock Position in Zoom Communications, Inc. $ZM

Verus Capital Partners LLC cut its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 76.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,987 shares of the company’s stock after selling 9,809 shares during the quarter. Verus Capital Partners LLC’s holdings in Zoom Communications were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of Zoom Communications by 41.1% in the second quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after acquiring an additional 1,097,333 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Zoom Communications by 63.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock valued at $166,651,000 after acquiring an additional 830,393 shares in the last quarter. Victory Capital Management Inc. raised its stake in Zoom Communications by 119.5% in the first quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company’s stock valued at $103,670,000 after buying an additional 765,092 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Zoom Communications by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company’s stock valued at $1,829,249,000 after acquiring an additional 624,863 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Zoom Communications during the 1st quarter worth $37,646,000. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

Shares of ZM stock traded up $0.36 during trading hours on Thursday, hitting $85.06. 118,285 shares of the company’s stock were exchanged, compared to its average volume of 2,779,017. The stock has a market cap of $25.74 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 11.54 and a beta of 0.79. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The stock’s 50-day moving average is $83.12 and its 200-day moving average is $79.48.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. Zoom Communications’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Equities research analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Michelle Chang sold 33,956 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $2,784,392.00. Following the completion of the transaction, the chief financial officer directly owned 20,539 shares in the company, valued at approximately $1,684,198. The trade was a 62.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 73,378 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $86.15, for a total value of $6,321,514.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 321,470 shares of company stock valued at $26,684,150 in the last quarter. Corporate insiders own 11.51% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the subject of several analyst reports. Dbs Bank raised Zoom Communications to a “moderate buy” rating in a research note on Tuesday, September 16th. Rosenblatt Securities upped their price target on shares of Zoom Communications from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley started coverage on Zoom Communications in a report on Tuesday, October 21st. They set an “equal weight” rating and a $85.00 target price on the stock. KeyCorp cut their price target on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a report on Friday, August 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Zoom Communications in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $91.96.

About Zoom Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.