Analysts Set Zoom Communications, Inc. (NASDAQ:ZM) PT at $93.00

Shares of Zoom Communications, Inc. (NASDAQ:ZM) have been given a consensus rating of “Hold” by the twenty-seven ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $93.00.

Several brokerages recently weighed in on ZM. JPMorgan Chase & Co. lifted their price target on Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, November 25th. William Blair reaffirmed an “outperform” rating on shares of Zoom Communications in a report on Tuesday, September 30th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Finally, Wells Fargo & Company assumed coverage on shares of Zoom Communications in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price objective for the company.

Zoom Communications Price Performance

ZM stock opened at $83.32 on Thursday. The company has a market capitalization of $24.67 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 7.48 and a beta of 0.87. Zoom Communications has a 12 month low of $64.41 and a 12 month high of $91.43. The firm’s fifty day simple moving average is $85.36 and its 200-day simple moving average is $80.96.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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. As a group, sell-side analysts forecast that Zoom Communications will post 2.93 earnings per share for the current year.

Insiders Place Their Bets

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,660 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $628,120.00. Following the sale, the insider directly owned 132,795 shares of the company’s stock, valued at approximately $10,889,190. This trade represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michelle Chang sold 33,956 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $2,784,392.00. Following the completion of the sale, the chief financial officer owned 20,539 shares of the company’s stock, valued at $1,684,198. This trade represents a 62.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 462,751 shares of company stock worth $38,730,439 in the last 90 days. 11.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zoom Communications

A number of hedge funds have recently made changes to their positions in ZM. Norges Bank purchased a new stake in shares of Zoom Communications during the second quarter worth approximately $539,998,000. AQR Capital Management LLC boosted its stake in Zoom Communications by 23.4% during the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after purchasing an additional 1,607,253 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Zoom Communications by 41.1% during the second quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after buying an additional 1,097,333 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Zoom Communications in the third quarter valued at about $86,709,000. Finally, Vanguard Group Inc. raised its position in shares of Zoom Communications by 4.0% in the third quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock valued at $2,139,852,000 after buying an additional 986,164 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.