Zoom Communications, Inc. (NASDAQ:ZM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Zoom Communications, Inc. (NASDAQ:ZM) have received a consensus rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the company, MarketBeat.com reports. Twelve analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $109.3333.

ZM has been the subject of several recent research reports. Cantor Fitzgerald boosted their target price on shares of Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research note on Thursday, July 2nd. Citigroup boosted their price objective on Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Robert W. Baird raised their target price on Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th.

Insider Activity at Zoom Communications

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the transaction, the chief financial officer directly owned 35,452 shares of the company’s stock, valued at $3,219,041.60. The trade was a 19.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total transaction of $1,350,481.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 48,517 shares of company stock valued at $5,061,783. 8.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Allianz Asset Management GmbH increased its position in shares of Zoom Communications by 15.6% during the fourth quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock valued at $182,315,000 after acquiring an additional 285,626 shares during the last quarter. Sherry Group Inc. purchased a new position in Zoom Communications in the fourth quarter worth $894,000. Hsbc Holdings PLC boosted its position in Zoom Communications by 43.6% in the fourth quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock worth $36,460,000 after purchasing an additional 128,174 shares during the last quarter. Boston Common Asset Management LLC bought a new position in Zoom Communications in the 4th quarter valued at $2,163,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Zoom Communications in the 4th quarter valued at $13,312,000. 66.54% of the stock is owned by institutional investors.

Zoom Communications Stock Performance

NASDAQ ZM opened at $87.99 on Monday. The company has a fifty day simple moving average of $93.30 and a 200 day simple moving average of $89.00. Zoom Communications has a 12-month low of $69.15 and a 12-month high of $114.74. The company has a market cap of $25.80 billion, a P/E ratio of 12.92, a PEG ratio of 4.72 and a beta of 1.01.

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

Zoom Communications Company 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.