Brokerages Set Zoom Communications, Inc. (NASDAQ:ZM) Price Target at $95.32

Shares of Zoom Communications, Inc. (NASDAQ:ZM) have been assigned an average recommendation of “Hold” from the twenty-eight analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $95.3182.

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Zoom Communications in a research note on Thursday, February 26th. Argus upgraded shares of Zoom Communications to a “hold” rating in a research note on Monday, March 9th. KeyCorp lifted their price objective on shares of Zoom Communications from $69.00 to $74.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Sanford C. Bernstein decreased their price objective on shares of 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. Finally, Wall Street Zen downgraded shares of Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th.

Zoom Communications Trading Up 4.5%

NASDAQ ZM opened at $82.80 on Friday. Zoom Communications has a 1-year low of $69.15 and a 1-year high of $97.58. The company has a 50 day moving average of $82.36 and a 200-day moving average of $83.94. The firm has a market cap of $24.40 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 4.53 and a beta of 0.88.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $1.41 earnings per share. Zoom Communications’s revenue for the quarter was up 5.3% compared to the same quarter last year. 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. On average, analysts forecast that Zoom Communications will post 2.93 earnings per share for the current year.

Insider Activity at Zoom Communications

In other news, Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total transaction of $191,614.50. Following the completion of the sale, the director owned 153,442 shares of the company’s stock, valued at approximately $11,879,479.64. This represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michelle Chang sold 8,489 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $81.32, for a total transaction of $690,325.48. Following the sale, the chief financial officer directly owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. This trade represents a 21.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 52,366 shares of company stock worth $4,431,172 in the last 90 days. Corporate insiders own 10.78% of the company’s stock.

Institutional Trading of Zoom Communications

A number of institutional investors and hedge funds have recently made changes to their positions in ZM. Norges Bank bought a new stake in shares of Zoom Communications during the 4th quarter worth approximately $509,788,000. AQR Capital Management LLC increased its position in Zoom Communications by 43.9% during the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after purchasing an additional 3,718,186 shares in the last quarter. Two Sigma Investments LP acquired a new position in Zoom Communications during the 3rd quarter worth approximately $86,709,000. Vanguard Group Inc. increased its position in Zoom Communications by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after purchasing an additional 1,029,623 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Zoom Communications by 54.4% during the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock worth $222,353,000 after purchasing an additional 949,829 shares in the last quarter. 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.