Jupiter Asset Management Ltd. Buys 159,204 Shares of Zoom Communications, Inc. $ZM

Jupiter Asset Management Ltd. boosted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 91.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 334,216 shares of the company’s stock after acquiring an additional 159,204 shares during the period. Jupiter Asset Management Ltd. owned 0.11% of Zoom Communications worth $26,062,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. SouthState Corp purchased a new position in shares of Zoom Communications during the 1st quarter valued at $25,000. REAP Financial Group LLC lifted its position in shares of Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after acquiring an additional 229 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Zoom Communications in the first quarter worth about $31,000. FNY Investment Advisers LLC purchased a new stake in shares of Zoom Communications during the second quarter worth about $31,000. Finally, Brooklyn Investment Group raised its stake in Zoom Communications by 277.8% during the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company’s stock valued at $33,000 after purchasing an additional 325 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $84.70 on Thursday. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $92.80. The business’s 50 day moving average is $83.12 and its two-hundred day moving average is $79.48. The stock has a market capitalization of $25.63 billion, a P/E ratio of 22.35, a PEG ratio of 11.54 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Thursday, August 21st. The company reported $0.99 EPS 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 company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted $1.39 EPS. Zoom Communications’s revenue for the quarter 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. As a group, equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Zoom Communications

In other news, CFO Michelle Chang sold 33,956 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $2,784,392.00. Following the completion of the sale, the chief financial officer owned 20,539 shares in the company, valued at approximately $1,684,198. This trade represents a 62.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 73,383 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $82.65, for a total transaction of $6,065,104.95. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 321,470 shares of company stock valued at $26,684,150. Insiders own 11.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ZM shares. UBS Group started coverage on shares of Zoom Communications in a report on Monday, October 20th. They set a “neutral” rating and a $85.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, September 18th. Rosenblatt Securities increased their price objective on shares of Zoom Communications from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday. Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Zoom Communications in a report on Friday, August 22nd. Finally, KeyCorp dropped their price target on Zoom Communications from $73.00 to $69.00 and set an “underweight” rating for the company in a research note on Friday, August 22nd. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $91.96.

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.