Zoom Communications (NASDAQ:ZM) Upgraded to Hold at Argus

Argus upgraded shares of Zoom Communications (NASDAQ:ZM) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

ZM has been the subject of several other research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Zoom Communications in a research report on Monday, December 29th. Piper Sandler lifted their price objective on Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. Citigroup raised Zoom Communications from a “neutral” rating to a “buy” rating and increased their target price for the company from $94.00 to $106.00 in a research note on Monday, January 12th. Finally, Benchmark decreased their target price on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $95.32.

Zoom Communications Price Performance

Shares of NASDAQ:ZM opened at $76.38 on Monday. Zoom Communications has a one year low of $64.41 and a one year high of $97.58. The company has a 50 day moving average of $86.02 and a 200-day moving average of $84.68. The stock has a market cap of $22.62 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 4.40 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $1.41 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. 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. Equities research analysts anticipate that Zoom Communications will post 2.93 earnings per share for the current year.

Insiders Place Their Bets

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $93.01, for a total transaction of $1,125,421.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michelle Chang sold 8,417 shares of Zoom Communications stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.54, for a total transaction of $728,407.18. Following the completion of the transaction, the chief financial officer directly owned 25,482 shares in the company, valued at approximately $2,205,212.28. The trade was a 24.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 180,494 shares of company stock worth $15,502,079 over the last 90 days. 10.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zoom Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in ZM. Advocate Investing Services LLC acquired a new position in Zoom Communications in the 4th quarter worth $26,000. Elevation Point Wealth Partners LLC acquired a new position in Zoom Communications during the 2nd quarter worth approximately $27,000. Strive Financial Group LLC bought a new position in shares of Zoom Communications during the 4th quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the 4th quarter worth approximately $28,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Zoom Communications in the third quarter valued at approximately $33,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

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.