Rothschild Wealth LLC Acquires New Stake in Zoom Communications, Inc. $ZM

Rothschild Wealth LLC acquired a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZMFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,119 shares of the company’s stock, valued at approximately $614,000.

A number of other hedge funds have also made changes to their positions in ZM. Toth Financial Advisory Corp acquired a new position in shares of Zoom Communications during the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC increased its stake in shares of Zoom Communications by 94.8% during 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 during the period. Activest Wealth Management increased its stake in shares of Zoom Communications by 4,318.2% during the fourth quarter. Activest Wealth Management now owns 486 shares of the company’s stock valued at $42,000 after acquiring an additional 475 shares during the period. MAI Capital Management increased its stake in shares of Zoom Communications by 34.7% during the third quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after acquiring an additional 149 shares during the period. Finally, REAP Financial Group LLC increased its stake in shares of Zoom Communications by 67.0% during the third quarter. REAP Financial Group LLC now owns 593 shares of the company’s stock valued at $49,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Key Zoom Communications News

Here are the key news stories impacting Zoom Communications this week:

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ZM. Cantor Fitzgerald lifted their price target on shares of Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Jefferies Financial Group lifted their price target on shares of Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Royal Bank Of Canada lifted their price target on shares of Zoom Communications from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Finally, KeyCorp upgraded shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Zoom Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.15.

Check Out Our Latest Research Report on Zoom Communications

Insider Transactions at Zoom Communications

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction on Friday, April 10th. The shares were sold at an average price of $81.32, for a total transaction of $690,325.48. Following the completion of the sale, the chief financial officer owned 30,467 shares of the company’s stock, valued at $2,477,576.44. This trade represents a 21.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Santiago Subotovsky sold 5,274 shares of Zoom Communications stock in a transaction on Monday, May 4th. The shares were sold at an average price of $106.58, for a total transaction of $562,102.92. Following the sale, the director directly owned 142,882 shares of the company’s stock, valued at $15,228,363.56. This trade represents a 3.56% decrease in their position. 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. In the last ninety days, insiders have sold 144,329 shares of company stock worth $12,364,989. 11.51% of the stock is currently owned by insiders.

Zoom Communications Stock Performance

Zoom Communications stock opened at $111.62 on Tuesday. The company has a 50 day moving average price of $92.06 and a 200 day moving average price of $87.57. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The firm has a market capitalization of $32.89 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 5.79 and a beta of 1.00.

Zoom Communications (NASDAQ:ZMGet Free Report) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping 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 firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $1.43 EPS. The company’s revenue was up 5.5% on a year-over-year basis. 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. Equities analysts forecast that Zoom Communications, Inc. will post 3.96 earnings per share for the current fiscal year.

Zoom Communications Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zoom Communications (NASDAQ:ZM)

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