Vectors Research Management LLC Grows Stake in Zoom Communications, Inc. $ZM

Key Points

• Vectors Research Management LLC increased its stake in Zoom Communications by 137.0% during Q2, owning a total of 8,354 shares worth $651,000.
• Several hedge funds, including Nordea Investment Management AB and Empirical Asset Management LLC, have adjusted their positions in Zoom, with 66.54% of stock owned by institutional investors.
• Zoom Communications reported a 4.7% revenue increase year-over-year for the last quarter, although it missed EPS estimates with earnings of $0.99 per share.

Vectors Research Management LLC grew its position in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 137.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,354 shares of the company's stock after purchasing an additional 4,829 shares during the period. Vectors Research Management LLC's holdings in Zoom Communications were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of Zoom Communications by 2.4% during the 2nd quarter. Nordea Investment Management AB now owns 864,519 shares of the company's stock valued at $67,147,000 after purchasing an additional 20,642 shares in the last quarter. Empirical Asset Management LLC lifted its holdings in shares of Zoom Communications by 26.8% during the 2nd quarter. Empirical Asset Management LLC now owns 7,992 shares of the company's stock worth $623,000 after acquiring an additional 1,688 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Zoom Communications by 10.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,223,336 shares of the company's stock worth $95,396,000 after acquiring an additional 111,043 shares during the last quarter. Generali Asset Management SPA SGR lifted its holdings in shares of Zoom Communications by 4.4% during the 2nd quarter. Generali Asset Management SPA SGR now owns 20,364 shares of the company's stock worth $1,588,000 after acquiring an additional 857 shares during the last quarter. Finally, Courier Capital LLC bought a new stake in shares of Zoom Communications during the 2nd quarter worth $436,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $80.78, for a total transaction of $199,930.50. Following the transaction, the director owned 152,644 shares in the company, valued at $12,330,582.32. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Herbert Raymond Mcmaster sold 2,000 shares of Zoom Communications stock in a transaction on Monday, August 25th. The stock was sold at an average price of $83.00, for a total transaction of $166,000.00. Following the transaction, the director owned 7,901 shares in the company, valued at $655,783. This represents a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,328 shares of company stock valued at $7,170,074 over the last quarter. 11.51% of the stock is owned by company insiders.

Zoom Communications Stock Up 0.4%

NASDAQ:ZM opened at $79.83 on Friday. The company's 50 day moving average price is $80.37 and its 200-day moving average price is $77.77. 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 $24.15 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 10.85 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted 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). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm 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 company earned $1.39 EPS. The company's quarterly 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. As a group, sell-side analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

ZM has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $110.00 price objective on shares of Zoom Communications in a report on Thursday, September 18th. Stifel Nicolaus boosted their price target on shares of Zoom Communications from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Thursday, September 18th. Zacks Research raised shares of Zoom Communications from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 18th. Wells Fargo & Company started coverage on shares of Zoom Communications in a research note on Tuesday, September 30th. They issued an "equal weight" rating and a $90.00 price target for the company. Finally, KeyCorp decreased their price objective on shares of Zoom Communications from $73.00 to $69.00 and set an "underweight" rating on the stock in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zoom Communications currently has a consensus rating of "Hold" and an average target price of $91.74.

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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