Mirae Asset Global Investments Co. Ltd. Sells 11,073 Shares of Zoom Communications, Inc. $ZM

Key Points

• Mirae Asset Global Investments reduced its stake in Zoom Communications by 49.7%, selling 11,073 shares during the second quarter, leaving the firm with 11,193 shares valued at $873,000.
• Zoom Communications reported earnings of $0.99 EPS, missing analysts' expectations of $1.38, but saw revenue rise by 4.7% year-over-year, totaling $1.22 billion.
• Several brokerages have recently adjusted their ratings and price targets for ZM, with Mizuho raising it from $95 to $100 and KeyCorp lowering their target from $73 to $69.

Mirae Asset Global Investments Co. Ltd. lowered its stake in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 49.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,193 shares of the company's stock after selling 11,073 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Zoom Communications were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ZM. Wayfinding Financial LLC bought a new position in shares of Zoom Communications in the first quarter worth about $25,000. SouthState Corp bought a new position in shares of Zoom Communications in the first quarter worth about $25,000. GKV Capital Management Co. Inc. bought a new stake in Zoom Communications during the 1st quarter valued at approximately $31,000. Brooklyn Investment Group raised its stake in Zoom Communications by 277.8% during the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company's stock valued at $33,000 after purchasing an additional 325 shares during the period. Finally, Cloud Capital Management LLC bought a new stake in Zoom Communications during the 1st quarter valued at approximately $42,000. Institutional investors own 66.54% of the company's stock.

Zoom Communications Stock Up 3.6%

ZM opened at $82.70 on Friday. The business has a fifty day moving average of $79.60 and a 200 day moving average of $77.66. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80. The stock has a market cap of $25.02 billion, a P/E ratio of 21.82, a PEG ratio of 10.92 and a beta of 0.78.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZM. KeyCorp decreased their target price on Zoom Communications from $73.00 to $69.00 and set an "underweight" rating on the stock in a research note on Friday, August 22nd. Dbs Bank raised Zoom Communications to a "moderate buy" rating in a research note on Tuesday, September 16th. Mizuho lifted their target price on Zoom Communications from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Stifel Nicolaus lifted their target price on Zoom Communications from $80.00 to $90.00 and gave the company a "hold" rating in a research note on Thursday, September 18th. Finally, Citigroup raised their price target on Zoom Communications from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $91.74.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, insider Velchamy Sankarlingam sold 2,595 shares of Zoom Communications stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $85.09, for a total transaction of $220,808.55. Following the completion of the sale, the insider directly owned 130,242 shares of the company's stock, valued at $11,082,291.78. The trade was a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Herbert Raymond Mcmaster sold 2,000 shares of Zoom Communications stock in a transaction on Monday, August 25th. The shares were sold at an average price of $83.00, for a total value of $166,000.00. Following the sale, the director directly owned 7,901 shares of the company's stock, valued at approximately $655,783. This trade represents a 20.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,739 shares of company stock worth $6,286,322 over the last quarter. Insiders own 11.51% of the company's stock.

About Zoom Communications

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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