Analysts Set Zoom Communications, Inc. (NASDAQ:ZM) Price Target at $109.33

Zoom Communications, Inc. (NASDAQ:ZM) has been assigned an average rating of “Moderate Buy” from the twenty-seven analysts that are covering the firm, MarketBeat.com reports. Twelve analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $109.3333.

ZM has been the topic of several research reports. Cantor Fitzgerald upped their price objective on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. HSBC lifted their target price on shares of Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, May 20th. Robert W. Baird upped their price target on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Finally, Benchmark increased their price objective on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 21st.

Zoom Communications Trading Down 4.4%

Shares of NASDAQ ZM opened at $85.81 on Monday. Zoom Communications has a one year low of $69.15 and a one year high of $114.74. The business has a 50-day moving average price of $93.83 and a two-hundred day moving average price of $88.99. The firm has a market capitalization of $25.16 billion, a PE ratio of 12.60, a PEG ratio of 4.81 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. Research analysts anticipate that Zoom Communications will post 4.21 EPS for the current year.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $109.78, for a total value of $578,979.72. Following the transaction, the director directly owned 137,608 shares of the company’s stock, valued at $15,106,606.24. This represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $90.80, for a total value of $770,801.20. Following the sale, the chief financial officer directly owned 35,452 shares of the company’s stock, valued at $3,219,041.60. This trade represents a 19.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 48,517 shares of company stock worth $5,061,783 over the last 90 days. 8.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zoom Communications

Hedge funds have recently added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new stake in Zoom Communications in the fourth quarter worth approximately $26,000. Strive Financial Group LLC acquired a new position in shares of Zoom Communications during the 4th quarter worth $27,000. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Zoom Communications by 133.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Rexford Capital Inc. lifted its stake in shares of 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 purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.