Zoom Communications, Inc. (NASDAQ:ZM) Receives $109.33 Average PT from Brokerages

Zoom Communications, Inc. (NASDAQ:ZM) has been assigned a consensus rating of “Moderate Buy” from the twenty-seven analysts that are currently covering the company, MarketBeat.com reports. Twelve analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $109.3333.

ZM has been the topic of several analyst reports. HSBC lifted their price target on shares of Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Rosenblatt Securities lifted their price target on shares of Zoom Communications from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Mizuho lifted their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Royal Bank Of Canada lifted their price target on shares of Zoom Communications from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Finally, Benchmark lifted their price target on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st.

Insider Buying and Selling at Zoom Communications

In other news, CEO Eric S. Yuan sold 69,923 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $81.22, for a total value of $5,679,146.06. Following the transaction, the chief executive officer owned 36,796 shares of the company’s stock, valued at approximately $2,988,571.12. The trade was a 65.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at $173,312.36. This trade represents a 86.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 156,638 shares of company stock valued at $13,900,194. 8.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zoom Communications

Hedge funds have recently modified their holdings of the stock. Advocate Investing Services LLC purchased a new position in shares of Zoom Communications in the fourth quarter worth $26,000. Strive Financial Group LLC purchased a new position in shares of Zoom Communications in the fourth quarter worth $27,000. Toth Financial Advisory Corp purchased a new position in shares of Zoom Communications in the fourth quarter worth $28,000. Rexford Capital Inc. lifted its holdings in shares of Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after buying an additional 122 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Zoom Communications by 94.8% in the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Down 0.4%

ZM opened at $86.14 on Thursday. The company has a market cap of $25.26 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 4.77 and a beta of 1.01. The company’s 50 day moving average is $96.79 and its 200 day moving average is $88.85. Zoom Communications has a 12-month low of $69.15 and a 12-month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. As a group, analysts predict that Zoom Communications will post 4.09 EPS for the current fiscal year.

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.