Zoom Communications (NASDAQ:ZM) Receives “Market Perform” Rating from Citizens Jmp

Zoom Communications (NASDAQ:ZM)‘s stock had its “market perform” rating reiterated by investment analysts at Citizens Jmp in a research report issued to clients and investors on Wednesday,Benzinga reports.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Sanford C. Bernstein cut their price objective on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. KeyCorp increased their target price on shares of Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a research note on Thursday, February 26th. Robert W. Baird boosted their target price on Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Wall Street Zen cut Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Fourteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Zoom Communications has a consensus rating of “Hold” and an average target price of $97.05.

Zoom Communications Stock Performance

Shares of ZM stock traded up $0.56 on Wednesday, reaching $97.95. 591,589 shares of the company were exchanged, compared to its average volume of 4,302,833. The company has a market cap of $28.86 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 5.66 and a beta of 1.00. Zoom Communications has a 1 year low of $69.15 and a 1 year high of $111.56. The business has a 50-day moving average price of $87.29 and a 200 day moving average price of $86.41.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. 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, equities analysts anticipate that Zoom Communications will post 3.94 earnings per share for the current year.

Insider Transactions at Zoom Communications

In other news, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $106.58, for a total value of $562,102.92. Following the completion of the transaction, the director owned 142,882 shares in the company, valued at $15,228,363.56. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $106.60, for a total transaction of $1,289,860.00. 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 three months, insiders have sold 144,329 shares of company stock valued at $12,364,989. 10.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zoom Communications

A number of hedge funds and other institutional investors have recently modified their holdings of ZM. Advocate Investing Services LLC acquired a new position in Zoom Communications in the fourth quarter valued at $26,000. Strive Financial Group LLC purchased a new stake in shares of Zoom Communications in the fourth quarter worth about $27,000. Toth Financial Advisory Corp acquired a new stake in Zoom Communications in the fourth quarter valued at approximately $28,000. Rexford Capital Inc. grew its holdings in Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Zoom Communications during the third quarter valued at about $33,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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.