Zoom Communications (NASDAQ:ZM) Now Covered by BTIG Research

BTIG Research began coverage on shares of Zoom Communications (NASDAQ:ZM) in a report issued on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $105.00 target price on the stock.

ZM has been the subject of several other reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $90.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Robert W. Baird decreased their price target on shares of Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target on shares of Zoom Communications in a report on Friday, August 22nd. KeyCorp reduced their price objective on Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a report on Friday, August 22nd. Finally, Benchmark lifted their target price on Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.00.

Zoom Communications Stock Up 1.0%

ZM opened at $88.75 on Tuesday. The business has a fifty day moving average of $83.91 and a 200 day moving average of $80.29. The stock has a market cap of $26.28 billion, a P/E ratio of 17.27, a PEG ratio of 7.97 and a beta of 0.81. Zoom Communications has a 52-week low of $64.41 and a 52-week high of $91.43.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.38 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. Equities analysts anticipate that Zoom Communications will post 2.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 2,595 shares of Zoom Communications stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $87.84, for a total value of $227,944.80. Following the transaction, the insider directly owned 133,659 shares in the company, valued at approximately $11,740,606.56. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $86.05, for a total value of $212,973.75. Following the completion of the transaction, the director directly owned 147,694 shares of the company’s stock, valued at approximately $12,709,068.70. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 462,751 shares of company stock worth $38,730,439 over the last quarter. Insiders own 11.51% of the company’s stock.

Institutional Trading of Zoom Communications

A number of institutional investors have recently modified their holdings of ZM. Elevation Point Wealth Partners LLC bought a new position in shares of Zoom Communications during the 2nd quarter worth approximately $27,000. REAP Financial Group LLC boosted its stake in Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after acquiring an additional 229 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Zoom Communications in the first quarter worth $31,000. FNY Investment Advisers LLC acquired a new position in shares of Zoom Communications during the second quarter worth $31,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Zoom Communications by 277.8% during the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company’s stock valued at $33,000 after purchasing an additional 325 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Company Profile

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.