Zoom Communications (NASDAQ:ZM) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Zoom Communications (NASDAQ:ZM) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Other research analysts have also issued research reports about the company. Rosenblatt Securities restated a “buy” rating and set a $115.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Stifel Nicolaus boosted their price objective on Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, September 18th. Citigroup upped their price objective on Zoom Communications from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, November 17th. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Finally, Benchmark upped their price target on shares of Zoom Communications from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $93.00.

Zoom Communications Stock Performance

Shares of ZM opened at $83.32 on Wednesday. The stock has a market capitalization of $24.67 billion, a PE ratio of 16.21, a P/E/G ratio of 7.75 and a beta of 0.81. The company’s fifty day moving average is $85.36 and its 200 day moving average is $80.94. Zoom Communications has a fifty-two week low of $64.41 and a fifty-two week high of $91.43.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business posted $1.38 earnings per share. The company’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. As a group, research analysts forecast that Zoom Communications will post 2.93 earnings per share for the current year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,660 shares of the stock in a transaction dated Friday, October 10th. The shares were 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 in the company, valued at $10,889,190. This represents a 5.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric S. Yuan sold 73,383 shares of the firm’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. Insiders sold a total of 462,751 shares of company stock worth $38,730,439 over the last quarter. 11.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zoom Communications

A number of hedge funds and other institutional investors have recently modified their holdings of ZM. Triumph Capital Management bought a new position in Zoom Communications in the third quarter worth approximately $50,000. AIA Group Ltd increased its holdings in shares of Zoom Communications by 170.4% in the 3rd quarter. AIA Group Ltd now owns 14,490 shares of the company’s stock valued at $1,195,000 after acquiring an additional 9,131 shares during the period. Allworth Financial LP raised its position in shares of Zoom Communications by 128.1% in the 3rd quarter. Allworth Financial LP now owns 3,299 shares of the company’s stock worth $272,000 after acquiring an additional 1,853 shares in the last quarter. IFP Advisors Inc boosted its position in Zoom Communications by 19.4% during the third quarter. IFP Advisors Inc now owns 1,401 shares of the company’s stock valued at $116,000 after purchasing an additional 228 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in Zoom Communications by 46.1% during the third quarter. Swiss Life Asset Management Ltd now owns 100,591 shares of the company’s stock valued at $8,299,000 after purchasing an additional 31,752 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Company Profile

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.