Zoom Communications (NASDAQ:ZM) Rating Increased to Hold at Argus

Zoom Communications (NASDAQ:ZM) was upgraded by Argus to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts have also weighed in on ZM. Jefferies Financial Group upped their price objective on Zoom Communications from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. upped their price target on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Citigroup upgraded shares of Zoom Communications from a “neutral” rating to a “buy” rating and raised their target price for the stock from $94.00 to $106.00 in a report on Monday, January 12th. Finally, Benchmark cut their price objective on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Zoom Communications currently has a consensus rating of “Hold” and an average price target of $95.32.

Zoom Communications Trading Down 0.9%

Zoom Communications stock opened at $76.38 on Monday. The stock has a market cap of $22.62 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 4.40 and a beta of 0.93. The company’s 50-day moving average price is $86.02 and its two-hundred day moving average price is $84.68. Zoom Communications has a 52 week low of $64.41 and a 52 week high of $97.58.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $1.41 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. Research analysts expect that Zoom Communications will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total value of $191,614.50. Following the completion of the sale, the director owned 153,442 shares in the company, valued at approximately $11,879,479.64. This represents a 1.59% decrease in their position. The sale 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 73,378 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $87.29, for a total transaction of $6,405,165.62. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 180,494 shares of company stock valued at $15,502,079. Company insiders own 10.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC lifted its stake in Zoom Communications by 32.4% in the 4th quarter. Corient Private Wealth LLC now owns 73,041 shares of the company’s stock worth $6,303,000 after acquiring an additional 17,875 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Zoom Communications by 43.6% in the 4th quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock valued at $36,460,000 after purchasing an additional 128,174 shares during the period. Wick Capital Partners LLC purchased a new stake in shares of Zoom Communications in the fourth quarter worth approximately $373,000. Kera Capital Partners Inc. lifted its position in shares of Zoom Communications by 65.6% in the fourth quarter. Kera Capital Partners Inc. now owns 15,205 shares of the company’s stock worth $1,400,000 after purchasing an additional 6,024 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Zoom Communications during the fourth quarter worth approximately $554,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

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.