Zoom Communications (NASDAQ:ZM) Upgraded at Zacks Research

Zacks Research upgraded shares of Zoom Communications (NASDAQ:ZM) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

A number of other analysts have also issued reports on ZM. Morgan Stanley increased their target price on Zoom Communications from $85.00 to $92.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. BTIG Research started coverage on Zoom Communications in a research report on Tuesday, December 16th. They set a “buy” rating and a $105.00 price target on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. JMP Securities reiterated a “market perform” rating on shares of Zoom Communications in a report on Thursday, September 18th. Finally, Dbs Bank upgraded shares of Zoom Communications to a “moderate buy” rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Zoom Communications currently has a consensus rating of “Hold” and an average target price of $93.00.

Zoom Communications Stock Down 3.4%

NASDAQ:ZM opened at $83.32 on Wednesday. Zoom Communications has a 1-year low of $64.41 and a 1-year high of $91.43. The firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 7.75 and a beta of 0.81. The stock has a fifty day simple moving average of $85.36 and a 200 day simple moving average of $80.94.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. 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 analysts predict that Zoom Communications will post 2.93 earnings per share for the current year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $86.05, for a total value of $212,973.75. Following the completion of the sale, the director directly owned 147,694 shares of the company’s stock, valued at $12,709,068.70. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total transaction of $839,818.56. Following the transaction, the chief operating officer owned 1,978 shares in the company, valued at $157,785.06. This represents a 84.18% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 462,751 shares of company stock worth $38,730,439. 11.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Triumph Capital Management acquired a new position in Zoom Communications during the 3rd quarter worth $50,000. AIA Group Ltd increased its stake in shares of Zoom Communications by 170.4% in the third quarter. AIA Group Ltd now owns 14,490 shares of the company’s stock worth $1,195,000 after purchasing an additional 9,131 shares during the period. Allworth Financial LP lifted its position in shares of Zoom Communications by 128.1% during the 3rd quarter. Allworth Financial LP now owns 3,299 shares of the company’s stock worth $272,000 after purchasing an additional 1,853 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Zoom Communications by 19.4% during the 3rd quarter. IFP Advisors Inc now owns 1,401 shares of the company’s stock worth $116,000 after purchasing an additional 228 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in Zoom Communications by 46.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 100,591 shares of the company’s stock valued at $8,299,000 after purchasing an additional 31,752 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Company Profile

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.