Zoom Communications, Inc. (NASDAQ:ZM) Receives $95.32 Consensus PT from Analysts

Zoom Communications, Inc. (NASDAQ:ZM) has received an average recommendation of “Hold” from the twenty-eight brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $95.3182.

ZM has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Zoom Communications in a report on Friday, March 13th. Zacks Research downgraded Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Zoom Communications in a research note on Thursday, February 26th. Finally, Piper Sandler lifted their target price on Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, January 5th.

Zoom Communications Stock Up 1.7%

Shares of ZM opened at $77.95 on Tuesday. The business has a 50-day simple moving average of $84.25 and a two-hundred day simple moving average of $84.33. Zoom Communications has a 52 week low of $64.41 and a 52 week high of $97.58. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 4.38 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, equities analysts anticipate that Zoom Communications will post 2.93 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total transaction of $191,614.50. Following the completion of the transaction, the director directly owned 153,442 shares of the company’s stock, valued at approximately $11,879,479.64. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Aparna Bawa sold 12,137 shares of Zoom Communications stock in a transaction on Friday, January 16th. The shares were sold at an average price of $81.37, for a total transaction of $987,587.69. Following the completion of the sale, the chief operating officer owned 1,978 shares in the company, valued at approximately $160,949.86. This represents a 85.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 109,706 shares of company stock valued at $9,299,555. Company insiders own 11.51% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of Zoom Communications by 16.8% in 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 in the last quarter. Intech Investment Management LLC boosted 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 valued at $1,238,000 after buying an additional 6,235 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Zoom Communications by 82.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after buying an additional 397 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Zoom Communications during the 2nd quarter valued at approximately $217,000. Finally, Bank of Montreal Can increased its stake in Zoom Communications by 8.2% in the 2nd quarter. Bank of Montreal Can now owns 9,170 shares of the company’s stock worth $715,000 after acquiring an additional 698 shares during the last quarter. Institutional investors 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.