Zoom Communications, Inc. (NASDAQ:ZM) Receives $109.33 Consensus PT from Analysts

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

A number of brokerages have recently commented on ZM. Mizuho lifted their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. BTIG Research increased their price objective on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of Zoom Communications in a research report on Tuesday, June 30th. Citigroup lifted their target price on Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley upped their price target on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd.

Insider Buying and Selling

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 35,452 shares of the company’s stock, valued at approximately $3,219,041.60. This represents a 19.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, Director Santiago Subotovsky sold 7,911 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $101.33, for a total transaction of $801,621.63. Following the transaction, the director owned 127,060 shares of the company’s stock, valued at approximately $12,874,989.80. The trade was a 5.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 56,155 shares of company stock valued at $5,654,761 in the last ninety days. Insiders own 8.83% of the company’s stock.

Institutional Investors Weigh In On Zoom Communications

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its position in shares of Zoom Communications by 16.8% during the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after buying an additional 1,153 shares during the period. Intech Investment Management LLC raised its stake in Zoom Communications by 59.1% during the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after buying an additional 6,235 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Zoom Communications by 82.0% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after buying an additional 397 shares during the period. Sivia Capital Partners LLC acquired a new position in Zoom Communications in the second quarter valued at $217,000. Finally, Invesco Ltd. boosted its position in 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 acquiring an additional 47,749 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Communications Price Performance

Zoom Communications stock opened at $105.96 on Friday. The business has a 50 day moving average of $92.55 and a 200-day moving average of $90.67. Zoom Communications has a 1 year low of $70.70 and a 1 year high of $114.74. The company has a market capitalization of $31.07 billion, a P/E ratio of 15.56, a P/E/G ratio of 5.68 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $1.43 EPS. The firm’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. Equities analysts anticipate that Zoom Communications will post 4.21 EPS for the current year.

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.