Zoom Communications (NASDAQ:ZM) Given New $94.00 Price Target at Citigroup

Zoom Communications (NASDAQ:ZM) had its price target hoisted by Citigroup from $85.00 to $94.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on the stock. Mizuho boosted their price objective on shares of Zoom Communications from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. KeyCorp reduced their price target on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a research report on Friday, August 22nd. Wall Street Zen lowered shares of Zoom Communications from a “strong-buy” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus lifted their price objective on Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Zoom Communications in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Zoom Communications presently has a consensus rating of “Hold” and an average target price of $92.35.

Zoom Communications Price Performance

Shares of NASDAQ:ZM opened at $81.86 on Monday. The stock’s 50-day moving average is $83.09 and its 200 day moving average is $79.63. The company has a market cap of $24.77 billion, a PE ratio of 21.60, a P/E/G ratio of 11.49 and a beta of 0.79. Zoom Communications has a 1 year low of $64.41 and a 1 year high of $92.80.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data 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). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business posted $1.39 earnings per share. Zoom Communications’s quarterly revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Analysts expect that Zoom Communications will post 2.93 EPS for the current fiscal year.

Insider Transactions at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 7,660 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $628,120.00. Following the completion of the transaction, the insider directly owned 132,795 shares in the company, valued at $10,889,190. This trade represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the company’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 completion of the transaction, the director owned 150,169 shares in the company, valued at approximately $12,636,721.35. The trade was a 1.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 321,470 shares of company stock valued at $26,684,150. 10.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Zoom Communications

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of Zoom Communications during the 2nd quarter valued at about $817,000. Circle Wealth Management LLC increased its stake in shares of Zoom Communications by 201.6% in the 1st quarter. Circle Wealth Management LLC now owns 20,391 shares of the company’s stock worth $1,504,000 after purchasing an additional 13,629 shares in the last quarter. Nordea Investment Management AB lifted its position in Zoom Communications by 2.4% during the second quarter. Nordea Investment Management AB now owns 864,519 shares of the company’s stock valued at $67,147,000 after purchasing an additional 20,642 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Zoom Communications by 1.0% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 357,199 shares of the company’s stock valued at $27,854,000 after purchasing an additional 3,581 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Zoom Communications during the 1st quarter valued at about $308,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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.