Pacer Advisors Inc. Buys 949,829 Shares of Zoom Communications, Inc. $ZM

Pacer Advisors Inc. boosted its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 54.4% during the third quarter, Holdings Channel.com reports. The fund owned 2,695,193 shares of the company’s stock after acquiring an additional 949,829 shares during the period. Pacer Advisors Inc.’s holdings in Zoom Communications were worth $222,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC acquired a new stake in shares of Zoom Communications during the 2nd quarter worth $27,000. REAP Financial Group LLC raised 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 purchasing an additional 229 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in Zoom Communications during the first quarter worth about $31,000. FNY Investment Advisers LLC acquired a new stake in Zoom Communications during the second quarter worth about $31,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Zoom Communications by 44.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock worth $43,000 after buying an additional 171 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZM has been the subject of several analyst reports. Zacks Research cut shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Citigroup boosted their price objective on shares of Zoom Communications from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, November 17th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $87.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Zoom Communications presently has an average rating of “Hold” and a consensus target price of $93.00.

Insider Transactions at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 73,383 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $82.65, for a total value of $6,065,104.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total transaction of $839,818.56. Following the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $157,785.06. The trade was a 84.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 462,751 shares of company stock worth $38,730,439. 11.51% of the stock is owned by corporate insiders.

Zoom Communications Stock Up 0.3%

NASDAQ ZM opened at $87.46 on Friday. The company has a market cap of $25.90 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 7.89 and a beta of 0.81. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $91.43. The business’s fifty day moving average is $84.92 and its 200 day moving average is $80.61.

Zoom Communications (NASDAQ:ZM) last issued its 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 business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned $1.38 EPS. 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. On average, research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Zoom Communications 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.