OMERS ADMINISTRATION Corp Cuts Stock Position in Zoom Communications, Inc. $ZM

OMERS ADMINISTRATION Corp decreased its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 34.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,820 shares of the company’s stock after selling 6,591 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Zoom Communications were worth $1,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZM. NewEdge Advisors LLC raised its holdings in Zoom Communications by 16.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after buying an additional 1,153 shares during the period. Intech Investment Management LLC boosted its stake in shares of Zoom Communications by 59.1% during the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after purchasing an additional 6,235 shares during the period. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 397 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Zoom Communications in the second quarter worth about $217,000. Finally, Invesco Ltd. boosted its position in shares of Zoom Communications by 7.0% during the second quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after buying an additional 47,749 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 2,637 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $90.15, for a total value of $237,725.55. Following the sale, the director owned 138,554 shares in the company, valued at $12,490,643.10. The trade was a 1.87% decrease in their position. 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 45,874 shares of company stock worth $4,789,950. 8.83% of the stock is owned by insiders.

Zoom Communications Stock Down 0.1%

NASDAQ:ZM opened at $92.32 on Friday. The firm has a 50 day moving average of $92.80 and a 200 day moving average of $89.17. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 4.95 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. 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, analysts expect that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ZM. Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a report on Wednesday, May 20th. Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Thursday, July 2nd. Robert W. Baird boosted their price objective 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. Morgan Stanley raised their price target on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Finally, HSBC raised their target price on shares of Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Fifteen equities research 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, Zoom Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Zoom Communications 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.