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

Shares of Zoom Communications, Inc. (NASDAQ:ZM) have been given an average recommendation of “Hold” by the twenty-eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $95.3182.

Several research firms have commented on ZM. Citigroup raised shares of Zoom Communications from a “neutral” rating to a “buy” rating and increased their price target for the company from $94.00 to $106.00 in a research report on Monday, January 12th. Sanford C. Bernstein decreased their price target on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Rosenblatt Securities reissued a “buy” rating and set a $115.00 price target on shares of Zoom Communications in a research report on Thursday, February 26th. KeyCorp increased their price target on shares of Zoom Communications from $69.00 to $74.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Finally, Zacks Research lowered shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, CFO Michelle Chang sold 8,417 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.54, for a total transaction of $728,407.18. Following the completion of the sale, the chief financial officer directly owned 25,482 shares of the company’s stock, valued at approximately $2,205,212.28. This represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $93.01, for a total transaction of $1,125,421.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 107,231 shares of company stock valued at $9,086,680. 11.51% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zoom Communications

Several hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC increased its holdings in shares of Zoom Communications by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $512,000 after acquiring an additional 116 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Zoom Communications by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after acquiring an additional 123 shares in the last quarter. Wynn Capital LLC increased its holdings in shares of Zoom Communications by 1.3% during the third quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock valued at $860,000 after acquiring an additional 130 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Zoom Communications by 33.5% during the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after acquiring an additional 136 shares in the last quarter. Finally, MAI Capital Management increased its holdings in shares of Zoom Communications by 34.7% during the third quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Price Performance

NASDAQ:ZM opened at $79.24 on Friday. Zoom Communications has a 1-year low of $68.83 and a 1-year high of $97.58. The company has a 50-day moving average of $82.57 and a 200 day moving average of $83.93. The firm has a market cap of $23.35 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 4.81 and a beta of 0.88.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company earned $1.41 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. 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 2.93 EPS for the current fiscal year.

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.