Equities Analysts Set Expectations for ZM Q4 Earnings

Zoom Video Communications, Inc. (NASDAQ:ZM) – Investment analysts at Wedbush issued their Q4 2027 earnings per share (EPS) estimates for Zoom Video Communications in a research note issued on Tuesday, February 25th. Wedbush analyst D. Ives expects that the company will post earnings of $0.62 per share for the quarter. The consensus estimate for Zoom Video Communications’ current full-year earnings is $2.93 per share.

Several other research firms have also recently weighed in on ZM. Citigroup decreased their target price on Zoom Video Communications from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Piper Sandler boosted their target price on Zoom Video Communications from $68.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Bank of America boosted their price objective on Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Scotiabank upgraded Zoom Video Communications to a “hold” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company upgraded Zoom Video Communications from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $70.00 to $85.00 in a research note on Tuesday, January 7th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $90.05.

Zoom Video Communications Stock Up 1.1 %

ZM stock opened at $73.70 on Thursday. The business has a 50 day moving average price of $82.30 and a 200 day moving average price of $76.76. The stock has a market cap of $22.59 billion and a price-to-earnings ratio of 24.57. Zoom Video Communications has a fifty-two week low of $55.06 and a fifty-two week high of $92.80.

Institutional Trading of Zoom Video Communications

Several large investors have recently bought and sold shares of ZM. Global X Japan Co. Ltd. grew its holdings in Zoom Video Communications by 127.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Zoom Video Communications by 291.2% in the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Zoom Video Communications by 277.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 258 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Zoom Video Communications in the fourth quarter valued at $30,000. Finally, Colonial Trust Co SC acquired a new stake in Zoom Video Communications in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Buying and Selling

In related news, insider Velchamy Sankarlingam sold 3,618 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $307,312.92. Following the transaction, the insider now owns 107,826 shares of the company’s stock, valued at $9,158,740.44. This represents a 3.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Shane Crehan sold 1,551 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total value of $131,741.94. Following the transaction, the chief accounting officer now directly owns 3,251 shares in the company, valued at $276,139.94. This represents a 32.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 382,242 shares of company stock valued at $31,230,938 over the last quarter. Company insiders own 10.78% of the company’s stock.

About Zoom Video 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.