Public Employees Retirement System of Ohio Acquires New Stake in Zoom Communications, Inc. $ZM

Public Employees Retirement System of Ohio bought a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 81,663 shares of the company’s stock, valued at approximately $7,048,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZM. Advocate Investing Services LLC acquired a new stake in shares of Zoom Communications in the fourth quarter valued at about $26,000. Strive Financial Group LLC acquired a new position in shares of Zoom Communications in the fourth quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Rexford Capital Inc. boosted its holdings in Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after acquiring an additional 122 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in 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 acquiring an additional 200 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Price Performance

Shares of ZM opened at $94.90 on Wednesday. Zoom Communications, Inc. has a one year low of $70.70 and a one year high of $114.74. The company has a market cap of $27.83 billion, a PE ratio of 8.79, a P/E/G ratio of 4.47 and a beta of 1.04. The stock has a 50-day moving average of $95.07 and a 200-day moving average of $91.44.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned $1.53 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. Analysts expect that Zoom Communications, Inc. will post 4.26 EPS for the current fiscal year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 7,911 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63. Following the transaction, the director owned 127,060 shares in the company, valued at approximately $12,874,989.80. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $100.17, for a total transaction of $1,212,057.00. Following the completion of the transaction, the chief executive officer directly owned 22,998 shares in the company, valued at $2,303,709.66. This trade represents a 34.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 38,781 shares of company stock valued at $3,725,300 in the last 90 days. 8.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on ZM. Robert W. Baird raised their price target on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Piper Sandler increased their price objective on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Friday, August 21st. UBS Group boosted their target price on shares of Zoom Communications from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Finally, Benchmark upped their price target on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Sixteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Zoom Communications currently has a consensus rating of “Moderate Buy” and an average target price of $112.55.

About Zoom Communications

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.