E. Ohman J or Asset Management AB Invests $781,000 in Zoom Communications, Inc. $ZM

E. Ohman J or Asset Management AB bought a new stake in Zoom Communications, Inc. (NASDAQ:ZM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,050 shares of the company’s stock, valued at approximately $781,000.

Several other institutional investors and hedge funds have also modified their holdings of ZM. Wynn Capital LLC increased its holdings in Zoom Communications by 1.3% during the 3rd quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock valued at $860,000 after purchasing an additional 130 shares in the last quarter. MAI Capital Management raised its position in Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after purchasing an additional 149 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Zoom Communications by 0.7% in the second quarter. Daiwa Securities Group Inc. now owns 24,395 shares of the company’s stock worth $1,902,000 after purchasing an additional 181 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Zoom Communications by 4.5% in the third quarter. Yousif Capital Management LLC now owns 4,552 shares of the company’s stock worth $376,000 after purchasing an additional 198 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Zoom Communications by 19.4% during the third quarter. IFP Advisors Inc now owns 1,401 shares of the company’s stock worth $116,000 after purchasing an additional 228 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Stock Performance

NASDAQ ZM opened at $78.11 on Thursday. The stock has a market capitalization of $23.02 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 4.35 and a beta of 0.93. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $97.58. The stock has a fifty day moving average of $84.01 and a 200-day moving average of $84.23.

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

Insider Activity at Zoom Communications

In other news, COO Aparna Bawa sold 12,137 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $81.37, for a total value of $987,587.69. Following the transaction, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $160,949.86. This trade represents a 85.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric S. Yuan sold 47,369 shares of Zoom Communications stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $83.65, for a total transaction of $3,962,416.85. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 109,706 shares of company stock worth $9,299,555. Insiders own 11.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZM. Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a research note on Tuesday, February 24th. Citigroup upgraded shares of Zoom Communications from a “neutral” rating to a “buy” rating and upped their price target for the stock from $94.00 to $106.00 in a research report on Monday, January 12th. Wolfe Research raised shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Thursday, February 5th. KeyCorp raised their price objective 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, Piper Sandler boosted their target price on shares of Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $95.32.

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.