Zoom Communications, Inc. (NASDAQ:ZM) Receives Average Recommendation of “Hold” from Analysts

Shares of Zoom Communications, Inc. (NASDAQ:ZM) have been assigned an average rating of “Hold” from the twenty-nine brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $91.9565.

ZM has been the topic of several research analyst reports. Rosenblatt Securities lifted their price target on Zoom Communications from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of Zoom Communications in a research note on Friday, August 22nd. Zacks Research upgraded shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Wells Fargo & Company started coverage on shares of Zoom Communications in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Zoom Communications in a research note on Thursday, September 18th.

Insiders Place Their Bets

In related news, COO Aparna Bawa sold 10,528 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total value of $839,818.56. Following the completion of the sale, the chief operating officer owned 1,978 shares in the company, valued at approximately $157,785.06. This represents a 84.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Velchamy Sankarlingam sold 7,660 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $628,120.00. Following the completion of the sale, the insider owned 132,795 shares of the company’s stock, valued at $10,889,190. The trade was a 5.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 321,470 shares of company stock valued at $26,684,150 over the last 90 days. 10.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zoom Communications

Several large investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Zoom Communications during the second quarter worth $817,000. Circle Wealth Management LLC boosted its stake in shares of Zoom Communications by 201.6% during the 1st quarter. Circle Wealth Management LLC now owns 20,391 shares of the company’s stock worth $1,504,000 after acquiring an additional 13,629 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Zoom Communications by 2.4% during the 2nd quarter. Nordea Investment Management AB now owns 864,519 shares of the company’s stock valued at $67,147,000 after acquiring an additional 20,642 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of Zoom Communications during the 1st quarter valued at about $308,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Zoom Communications in the 2nd quarter valued at approximately $202,000. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

ZM opened at $84.59 on Wednesday. Zoom Communications has a 12 month low of $64.41 and a 12 month high of $92.80. The stock’s 50 day moving average price is $83.09 and its 200 day moving average price is $79.44. The stock has a market cap of $25.59 billion, a P/E ratio of 22.32, a P/E/G ratio of 11.35 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.39). The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Equities analysts anticipate that Zoom Communications will post 2.93 EPS for the current year.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.