Zoom Communications (NASDAQ:ZM) Coverage Initiated at BTIG Research

BTIG Research began coverage on shares of Zoom Communications (NASDAQ:ZM) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $105.00 price target on the stock. BTIG Research’s target price points to a potential upside of 18.31% from the stock’s current price.

ZM has been the subject of a number of other reports. Wall Street Zen cut Zoom Communications from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Piper Sandler reissued a “neutral” rating and set a $85.00 price target on shares of Zoom Communications in a report on Friday, August 22nd. Wells Fargo & Company began coverage on shares of Zoom Communications in a report on Tuesday, September 30th. They set an “equal weight” rating and a $90.00 price objective for the company. Citigroup boosted their target price on Zoom Communications from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, November 17th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $90.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $93.00.

Zoom Communications Stock Up 1.0%

Shares of ZM opened at $88.75 on Tuesday. The company has a 50-day moving average price of $83.91 and a two-hundred day moving average price of $80.29. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 7.97 and a beta of 0.81. Zoom Communications has a 12 month low of $64.41 and a 12 month high of $91.43.

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%.Zoom Communications’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Equities research analysts expect that Zoom Communications will post 2.93 EPS for the current fiscal year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, COO Aparna Bawa sold 10,528 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $79.77, for a total transaction of $839,818.56. Following the completion of the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $157,785.06. The trade was a 84.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Velchamy Sankarlingam sold 7,660 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $628,120.00. Following the transaction, the insider owned 132,795 shares in the company, valued at approximately $10,889,190. The trade was a 5.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 462,751 shares of company stock worth $38,730,439 in the last ninety days. 11.51% of the stock is currently owned by insiders.

Institutional Trading of Zoom Communications

A number of institutional investors have recently bought and sold shares of ZM. Norges Bank acquired a new position in Zoom Communications in the second quarter valued at about $539,998,000. AQR Capital Management LLC grew its position in shares of 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 buying an additional 1,607,253 shares during the period. Acadian Asset Management LLC increased its stake in shares of Zoom Communications by 41.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock valued at $293,909,000 after acquiring an additional 1,097,333 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Zoom Communications in the 3rd quarter valued at approximately $86,709,000. Finally, Vanguard Group Inc. raised its position in shares of Zoom Communications by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock valued at $2,139,852,000 after acquiring an additional 986,164 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.