Meitav Investment House Ltd. Purchases New Holdings in Zoom Communications, Inc. $ZM

Meitav Investment House Ltd. acquired a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $804,000.

A number of other institutional investors have also modified their holdings of the stock. Advocate Investing Services LLC acquired a new stake in shares of Zoom Communications during the fourth quarter worth $26,000. Strive Financial Group LLC purchased a new position in Zoom Communications during the 4th quarter worth $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Zoom Communications in the 4th quarter worth $28,000. Rexford Capital Inc. lifted its stake in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after acquiring an additional 122 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in shares of Zoom Communications by 94.8% in the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Trading Up 0.8%

ZM stock opened at $85.68 on Wednesday. The company’s 50-day moving average price is $96.35 and its 200 day moving average price is $88.79. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The company has a market cap of $25.12 billion, a P/E ratio of 12.58, a P/E/G ratio of 4.69 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company posted $1.43 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. On average, equities research analysts expect that Zoom Communications, Inc. will post 4.08 earnings per share for the current year.

Insider Transactions at Zoom Communications

In related news, CEO Eric S. Yuan sold 69,923 shares of Zoom Communications stock in a transaction on Monday, April 13th. The stock was sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the completion of the transaction, the chief executive officer directly owned 36,796 shares of the company’s stock, valued at approximately $2,988,571.12. The trade was a 65.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the sale, the insider owned 141,971 shares in the company, valued at approximately $12,130,002.24. The trade was a 5.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 159,275 shares of company stock worth $14,137,919 over the last ninety days. 8.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZM. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, May 20th. Piper Sandler lifted their price objective on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Zoom Communications in a research report on Tuesday, June 30th. KeyCorp raised Zoom Communications from an “underweight” rating to a “sector weight” rating in a research note on Friday, May 22nd. Finally, BTIG Research raised their price target on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.33.

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.