Zoom Communications (NASDAQ:ZM) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Zoom Communications (NASDAQ:ZM) had its price target lifted by research analysts at Robert W. Baird from $95.00 to $105.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 6.20% from the company’s previous close.

ZM has been the topic of a number of other reports. Wolfe Research raised shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Thursday, February 5th. Sanford C. Bernstein cut their target price on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a report on Tuesday, February 24th. Zacks Research lowered Zoom Communications from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Argus raised Zoom Communications to a “hold” rating in a report on Monday, March 9th. Fourteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $97.05.

Zoom Communications Stock Down 1.3%

ZM opened at $98.87 on Tuesday. The stock has a market capitalization of $29.13 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 5.73 and a beta of 1.00. Zoom Communications has a twelve month low of $69.15 and a twelve month high of $111.56. The company has a 50-day simple moving average of $86.89 and a 200 day simple moving average of $86.31.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. Zoom Communications’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Sell-side analysts anticipate that Zoom Communications will post 3.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $106.58, for a total value of $562,102.92. Following the sale, the director owned 142,882 shares in the company, valued at $15,228,363.56. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the sale, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $173,312.36. The trade was a 86.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 144,329 shares of company stock worth $12,364,989 over the last 90 days. Insiders own 10.78% of the company’s stock.

Institutional Investors Weigh In On Zoom Communications

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advocate Investing Services LLC acquired a new stake in shares of Zoom Communications during the fourth quarter valued at about $26,000. Strive Financial Group LLC acquired a new position in shares of Zoom Communications in the fourth quarter valued at approximately $27,000. Toth Financial Advisory Corp bought a new position in Zoom Communications in the 4th quarter valued at approximately $28,000. Rexford Capital Inc. raised its holdings in Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after buying an additional 122 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Zoom Communications during the 3rd quarter worth approximately $33,000. 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.