Courier Capital LLC Invests $436,000 in Zoom Communications, Inc. $ZM

Key Points

• Courier Capital LLC invested approximately $436,000 in Zoom Communications by acquiring 5,593 shares in the second quarter.
• Zoom Communications reported a missed EPS estimate of $0.99 for the latest quarter, compared to analysts' expectations of $1.38, although revenue rose to $1.22 billion.
• Several brokerages have set price targets for Zoom's shares, with Royal Bank of Canada's target at $100.00 and Zacks Research upgrading its rating to "strong-buy".

Courier Capital LLC acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,593 shares of the company's stock, valued at approximately $436,000.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Zoom Communications by 18.5% during the first quarter. Principal Financial Group Inc. now owns 175,918 shares of the company's stock worth $12,977,000 after acquiring an additional 27,430 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Zoom Communications by 15.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,928 shares of the company's stock worth $880,000 after acquiring an additional 1,601 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Zoom Communications by 31.9% during the first quarter. Yousif Capital Management LLC now owns 4,453 shares of the company's stock worth $328,000 after acquiring an additional 1,076 shares in the last quarter. Spire Wealth Management boosted its holdings in Zoom Communications by 990.6% during the first quarter. Spire Wealth Management now owns 1,396 shares of the company's stock worth $103,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Circle Wealth Management LLC boosted its holdings in Zoom Communications by 201.6% during the first quarter. Circle Wealth Management LLC now owns 20,391 shares of the company's stock worth $1,504,000 after purchasing an additional 13,629 shares during the last quarter. Institutional investors own 66.54% of the company's stock.

Zoom Communications Price Performance

Shares of ZM stock opened at $79.32 on Wednesday. The stock has a market cap of $24.00 billion, a P/E ratio of 20.93, a P/E/G ratio of 10.80 and a beta of 0.78. The company has a fifty day moving average price of $80.08 and a two-hundred day moving average price of $77.72. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $92.80.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.39). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The business's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on ZM. Royal Bank Of Canada restated an "outperform" rating and set a $100.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Wedbush restated an "outperform" rating and set a $95.00 target price on shares of Zoom Communications in a report on Friday, August 22nd. Zacks Research upgraded shares of Zoom Communications from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. Citigroup increased their target price on shares of Zoom Communications from $84.00 to $85.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Finally, Wall Street Zen upgraded shares of Zoom Communications from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zoom Communications has a consensus rating of "Hold" and a consensus price target of $91.74.

Insider Activity at Zoom Communications

In other news, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $80.78, for a total transaction of $199,930.50. Following the completion of the sale, the director owned 152,644 shares in the company, valued at approximately $12,330,582.32. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michelle Chang sold 33,956 shares of the firm's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the sale, the chief financial officer owned 20,539 shares of the company's stock, valued at approximately $1,684,198. This represents a 62.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,636 shares of company stock worth $4,482,800. 10.78% of the stock is owned by corporate insiders.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.

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