Rosenblatt Securities Reaffirms “Buy” Rating for Zoom Communications (NASDAQ:ZM)

Zoom Communications (NASDAQ:ZM)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $130.00 target price on the stock. Rosenblatt Securities’ target price suggests a potential upside of 51.50% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $130.00 price objective on shares of Zoom Communications in a report on Tuesday, June 30th. Robert W. Baird increased their price objective on Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Piper Sandler lifted their target price on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Finally, Cantor Fitzgerald upped their price target on Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Zoom Communications presently has a consensus rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Trading Down 4.4%

ZM opened at $85.81 on Thursday. The company has a fifty day moving average price of $93.83 and a two-hundred day moving average price of $88.99. Zoom Communications has a 1-year low of $69.15 and a 1-year high of $114.74. The company has a market cap of $25.16 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 4.81 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. Zoom Communications’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 EPS. 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. On average, research analysts forecast that Zoom Communications will post 4.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zoom Communications news, Director Santiago Subotovsky sold 2,637 shares of Zoom Communications stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $90.15, for a total transaction of $237,725.55. Following the transaction, the director owned 138,554 shares of the company’s stock, valued at $12,490,643.10. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $90.80, for a total value of $770,801.20. Following the completion of the transaction, the chief financial officer owned 35,452 shares in the company, valued at $3,219,041.60. The trade was a 19.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 48,517 shares of company stock valued at $5,061,783. Corporate insiders own 8.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its stake in Zoom Communications by 16.8% in the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after purchasing an additional 1,153 shares during the last quarter. Intech Investment Management LLC lifted its stake in Zoom Communications by 59.1% in the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after purchasing an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Zoom Communications by 82.0% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after buying an additional 397 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Zoom Communications in the 2nd quarter valued at about $217,000. Finally, Invesco Ltd. lifted its position in Zoom Communications by 7.0% during the second quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after purchasing an additional 47,749 shares during the last quarter. Hedge funds and other 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.