Zoom Communications, Inc. (NASDAQ:ZM) Receives Consensus Rating of "Hold" from Analysts

Shares of Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) have earned a consensus rating of "Hold" from the twenty-six ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $87.00.

ZM has been the topic of several analyst reports. Needham & Company LLC upgraded Zoom Communications from a "hold" rating to a "moderate buy" rating and set a $100.00 target price on the stock in a report on Thursday, May 22nd. Rosenblatt Securities lifted their target price on Zoom Communications from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Benchmark reissued a "buy" rating and issued a $97.00 price target on shares of Zoom Communications in a report on Tuesday, May 20th. Scotiabank raised their target price on Zoom Communications from $75.00 to $85.00 and gave the company a "sector perform" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Zoom Communications from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd.

Zoom Communications Price Performance

ZM stock traded down $2.33 during trading on Thursday, reaching $75.05. 3,600,904 shares of the stock traded hands, compared to its average volume of 2,908,576. The firm has a market capitalization of $22.71 billion, a PE ratio of 22.54, a P/E/G ratio of 12.68 and a beta of 0.68. The business's 50 day moving average price is $79.40 and its 200-day moving average price is $78.61. Zoom Communications has a 52-week low of $55.06 and a 52-week high of $92.80.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.13. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Zoom Communications had a net margin of 22.31% and a return on equity of 11.08%. The company's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS. On average, equities research analysts predict that Zoom Communications will post 2.93 earnings per share for the current year.

Insider Activity at Zoom Communications

In other Zoom Communications news, insider Velchamy Sankarlingam sold 2,595 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $80.26, for a total value of $208,274.70. Following the transaction, the insider owned 126,393 shares in the company, valued at $10,144,302.18. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Chadwick sold 12,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $72.57, for a total value of $907,125.00. Following the sale, the director directly owned 1,514 shares of the company's stock, valued at $109,870.98. This trade represents a 89.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,671 shares of company stock worth $7,076,838. Insiders own 11.51% of the company's stock.

Institutional Trading of Zoom Communications

Large investors have recently made changes to their positions in the stock. SouthState Corp bought a new stake in Zoom Communications during the first quarter valued at about $25,000. Wayfinding Financial LLC bought a new position in Zoom Communications in the 1st quarter worth approximately $25,000. Raiffeisen Bank International AG acquired a new position in shares of Zoom Communications during the fourth quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Zoom Communications by 177.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock worth $28,000 after buying an additional 246 shares during the last quarter. Finally, Colonial Trust Co SC bought a new stake in shares of Zoom Communications in the fourth quarter valued at approximately $32,000. Institutional investors own 66.54% of the company's stock.

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.