Zoom Communications (NASDAQ:ZM) Price Target Raised to $115.00 at Rosenblatt Securities

Zoom Communications (NASDAQ:ZM) had its price objective hoisted by Rosenblatt Securities from $110.00 to $115.00 in a research note released on Tuesday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

ZM has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of Zoom Communications in a research report on Thursday, September 18th. JMP Securities restated a “market perform” rating on shares of Zoom Communications in a research note on Thursday, September 18th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a research note on Thursday, September 18th. Wall Street Zen upgraded shares of Zoom Communications from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 28th. Finally, Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of Zoom Communications in a research report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $91.96.

Zoom Communications Trading Up 1.7%

Shares of NASDAQ:ZM opened at $84.59 on Tuesday. The stock has a market capitalization of $25.59 billion, a PE ratio of 22.32, a P/E/G ratio of 11.35 and a beta of 0.79. Zoom Communications has a 1 year low of $64.41 and a 1 year high of $92.80. The firm has a fifty day moving average price of $83.09 and a 200 day moving average price of $79.44.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates 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%.Zoom Communications’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, sell-side analysts forecast that Zoom Communications will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $84.15, for a total transaction of $208,271.25. Following the transaction, the director directly owned 150,169 shares in the company, valued at $12,636,721.35. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Velchamy Sankarlingam sold 7,660 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was 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. This represents a 5.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 321,470 shares of company stock valued at $26,684,150 over the last quarter. Company insiders own 10.78% of the company’s stock.

Institutional Investors Weigh In On Zoom Communications

Several institutional investors and hedge funds have recently made changes to their positions in ZM. Wynn Capital LLC increased its position in shares of Zoom Communications by 1.3% during the 3rd quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock worth $860,000 after purchasing an additional 130 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of Zoom Communications by 4.1% during the second quarter. Wedmont Private Capital now owns 3,499 shares of the company’s stock worth $271,000 after buying an additional 137 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Zoom Communications by 6.7% in the first quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock valued at $172,000 after acquiring an additional 143 shares during the last quarter. MAI Capital Management boosted its holdings in shares of Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after acquiring an additional 149 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of Zoom Communications by 12.6% in the 2nd quarter. Penserra Capital Management LLC now owns 1,446 shares of the company’s stock worth $111,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

About Zoom Communications

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.