Zoom Communications (NASDAQ:ZM) Given Outperform Rating at Wedbush

Zoom Communications (NASDAQ:ZM)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $95.00 price objective on the stock. Wedbush’s target price would indicate a potential upside of 20.87% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Robert W. Baird dropped their price target on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Rosenblatt Securities reissued a “buy” rating and set a $115.00 target price on shares of Zoom Communications in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of Zoom Communications in a report on Monday, November 17th. JMP Securities reiterated a “market perform” rating on shares of Zoom Communications in a research note on Thursday, September 18th. Finally, Piper Sandler reissued a “neutral” rating and issued a $85.00 price objective on shares of Zoom Communications in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $92.91.

Zoom Communications Stock Down 0.0%

Shares of NASDAQ:ZM opened at $78.60 on Tuesday. The company has a market cap of $23.78 billion, a P/E ratio of 20.74, a P/E/G ratio of 10.73 and a beta of 0.79. The business has a fifty day simple moving average of $82.59 and a 200-day simple moving average of $79.66. Zoom Communications has a 52 week low of $64.41 and a 52 week high of $92.80.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.38 EPS. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS. Q4 2026 guidance at 1.480-1.490 EPS. Sell-side analysts expect that Zoom Communications will post 2.93 earnings per share for the current fiscal year.

Insider Activity

In other Zoom Communications news, CEO Eric S. Yuan sold 73,378 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $82.73, for a total transaction of $6,070,561.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of Zoom Communications stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $79.77, for a total transaction of $839,818.56. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $157,785.06. This trade represents a 84.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 389,373 shares of company stock valued at $32,311,579 over the last three months. Company insiders own 10.78% of the company’s stock.

Institutional Trading of Zoom Communications

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Zoom Communications by 4.0% during the third quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after buying an additional 986,164 shares during the period. AQR Capital Management LLC increased its stake in shares of Zoom Communications by 23.4% during the third quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after acquiring an additional 1,607,253 shares during the period. State Street Corp raised its holdings in Zoom Communications by 0.4% during the third quarter. State Street Corp now owns 7,219,148 shares of the company’s stock worth $595,580,000 after purchasing an additional 29,647 shares in the last quarter. Norges Bank bought a new stake in shares of Zoom Communications in the 2nd quarter worth $539,998,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Zoom Communications by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock valued at $473,732,000 after buying an additional 36,210 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

About Zoom 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.