Brokerages Set Zoom Communications, Inc. (NASDAQ:ZM) Target Price at $95.32

Shares of Zoom Communications, Inc. (NASDAQ:ZM) have been given a consensus rating of “Hold” by the twenty-eight ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $95.3182.

Several research analysts have weighed in on ZM shares. JPMorgan Chase & Co. upped their target price on Zoom Communications from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 25th. Argus upgraded Zoom Communications to a “hold” rating in a report on Monday, March 9th. Benchmark lowered their price target on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Sanford C. Bernstein cut their price objective on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th.

Insider Buying and Selling at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total value of $191,614.50. Following the completion of the sale, the director directly owned 153,442 shares in the company, valued at approximately $11,879,479.64. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michelle Chang sold 8,417 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $86.54, for a total transaction of $728,407.18. Following the transaction, the chief financial officer directly owned 25,482 shares in the company, valued at $2,205,212.28. The trade was a 24.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 109,706 shares of company stock worth $9,299,555 in the last ninety days. Company insiders own 11.51% of the company’s stock.

Institutional Trading of Zoom Communications

Several large investors have recently made changes to their positions in ZM. Norges Bank bought a new position in shares of Zoom Communications in the 2nd quarter valued at approximately $539,998,000. AQR Capital Management LLC boosted its position in Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after purchasing an additional 3,718,186 shares during the period. Two Sigma Investments LP bought a new stake in Zoom Communications during the third quarter worth approximately $86,709,000. Vanguard Group Inc. grew its holdings in Zoom Communications by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Zoom Communications by 54.4% during the third quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock valued at $222,353,000 after purchasing an additional 949,829 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Up 0.4%

Shares of NASDAQ:ZM opened at $76.74 on Tuesday. The firm has a fifty day moving average of $84.60 and a two-hundred day moving average of $84.37. Zoom Communications has a 12-month low of $64.41 and a 12-month high of $97.58. The firm has a market capitalization of $22.72 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 4.37 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). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. 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 expect that Zoom Communications will post 2.93 earnings per share 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.