Zoom Communications, Inc. (NASDAQ:ZM) Receives $92.43 Consensus Price Target from Analysts

Zoom Communications, Inc. (NASDAQ:ZM) has earned a consensus recommendation of “Hold” from the twenty-six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $92.4286.

ZM has been the subject of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of Zoom Communications in a research report on Tuesday, September 30th. JPMorgan Chase & Co. upped their price objective on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, November 25th. Benchmark lifted their target price on shares of Zoom Communications from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Rosenblatt Securities restated a “buy” rating and set a $115.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Finally, Wall Street Zen lowered shares of Zoom Communications from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th.

Insiders Place Their Bets

In related news, insider Velchamy Sankarlingam sold 7,660 shares of the company’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 transaction, the insider directly owned 132,795 shares of the company’s stock, valued at approximately $10,889,190. The trade was a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $79.77, for a total value of $839,818.56. Following the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at $157,785.06. The trade was a 84.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 386,778 shares of company stock valued at $32,097,329 over the last quarter. 10.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Zoom Communications

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Zoom Communications by 4.0% in the third quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after acquiring an additional 986,164 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Zoom Communications by 23.4% in the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after purchasing an additional 1,607,253 shares during the last quarter. State Street Corp boosted its holdings in Zoom Communications by 0.4% in the third quarter. State Street Corp now owns 7,219,148 shares of the company’s stock worth $595,580,000 after purchasing an additional 29,647 shares in the last quarter. Norges Bank acquired a new position in Zoom Communications during the second quarter worth $539,998,000. Finally, T. Rowe Price Investment Management Inc. increased its position in Zoom Communications by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock worth $473,732,000 after buying an additional 36,210 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Price Performance

NASDAQ ZM opened at $87.63 on Friday. Zoom Communications has a 12 month low of $64.41 and a 12 month high of $91.04. The company has a market capitalization of $25.95 billion, a P/E ratio of 17.05, a PEG ratio of 8.07 and a beta of 0.81. The company’s 50 day simple moving average is $82.99 and its 200 day simple moving average is $79.92.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business posted $1.38 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, analysts anticipate that Zoom Communications will post 2.93 earnings per share for the current year.

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.