AEGON ASSET MANAGEMENT UK Plc Invests $1.75 Million in Zoom Communications, Inc. $ZM

Key Points

• AEGON Asset Management UK opened a new position in Zoom Communications during the first quarter, buying 21,700 shares worth about $1.75 million.
• Zoom posted solid quarterly results, with EPS of $1.55 and revenue of $1.24 billion, both ahead of analyst estimates. Revenue rose 5.5% year over year.
• Analysts remain broadly positive on ZM: several raised price targets, and the stock currently has a Moderate Buy consensus with an average target of $109.33.

AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 21,700 shares of the company's stock, valued at approximately $1,745,000.

Several other institutional investors have also added to or reduced their stakes in ZM. Advocate Investing Services LLC bought a new stake in Zoom Communications in the 4th quarter valued at about $26,000. Strive Financial Group LLC bought a new position in shares of Zoom Communications during the fourth quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the fourth quarter worth approximately $28,000. Sound Income Strategies LLC raised its position 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 buying an additional 200 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Zoom Communications by 83.3% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company's stock valued at $38,000 after buying an additional 200 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Price Performance

NASDAQ ZM opened at $86.36 on Monday. The business has a fifty day moving average price of $96.64 and a two-hundred day moving average price of $88.92. The stock has a market capitalization of $25.32 billion, a PE ratio of 12.68, a PEG ratio of 4.79 and a beta of 1.01. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. 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. As a group, sell-side analysts expect that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ZM shares. Cantor Fitzgerald increased their price target on Zoom Communications from $87.00 to $104.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Benchmark lifted their price objective on Zoom Communications from $115.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Mizuho lifted their price objective on Zoom Communications from $100.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 22nd. Weiss Ratings upgraded Zoom Communications from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, May 1st. Finally, HSBC upped their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $109.33.

Insider Activity at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72. Following the sale, the director owned 137,608 shares of the company's stock, valued at approximately $15,106,606.24. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the company's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction of $653,188.80. Following the transaction, the insider owned 141,971 shares of the company's stock, valued at $12,130,002.24. This trade represents 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. Over the last 90 days, insiders sold 156,638 shares of company stock valued at $13,900,194. Company insiders own 8.83% of the company's stock.

Zoom Communications 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.

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