Zoom Communications (NASDAQ:ZM) Earns “Neutral” Rating from Cantor Fitzgerald

Zoom Communications (NASDAQ:ZM)‘s stock had its “neutral” rating reissued by Cantor Fitzgerald in a note issued to investors on Wednesday, Benzinga reports. They presently have a $104.00 price objective on the stock. Cantor Fitzgerald‘s target price indicates a potential upside of 3.54% from the stock’s previous close.

ZM has been the topic of a number of other reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $130.00 price objective on shares of Zoom Communications in a research report on Wednesday, August 26th. Sanford C. Bernstein reissued a “market perform” rating and issued a $108.00 price objective on shares of Zoom Communications in a research report on Wednesday, August 26th. Morgan Stanley increased their price objective on shares of Zoom Communications from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 26th. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Finally, BTIG Research reissued a “buy” rating and issued a $125.00 price objective on shares of Zoom Communications in a research report on Wednesday. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Zoom Communications has an average rating of “Moderate Buy” and a consensus target price of $114.48.

Zoom Communications Price Performance

Shares of NASDAQ ZM traded up $2.99 during mid-day trading on Wednesday, hitting $100.45. 1,286,328 shares of the company’s stock traded hands, compared to its average volume of 3,898,894. The company’s 50-day moving average is $96.88 and its two-hundred day moving average is $94.88. The company has a market capitalization of $29.31 billion, a P/E ratio of 9.30, a PEG ratio of 4.51 and a beta of 1.03. Zoom Communications has a 1 year low of $70.70 and a 1 year high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 EPS. 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. Equities analysts anticipate that Zoom Communications will post 4.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $99.46, for a total transaction of $844,315.94. Following the transaction, the chief financial officer directly owned 40,438 shares of the company’s stock, valued at $4,021,963.48. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Herbert Raymond Mcmaster sold 3,000 shares of Zoom Communications stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $94.71, for a total transaction of $284,130.00. Following the transaction, the director directly owned 8,479 shares in the company, valued at approximately $803,046.09. The trade was a 26.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 71,209 shares of company stock worth $6,938,989. 8.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zoom Communications

Several institutional investors have recently bought and sold shares of ZM. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Rexford Capital Inc. boosted its stake 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 in the last quarter. V Square Quantitative Management LLC boosted its stake in Zoom Communications by 100.4% in the first quarter. V Square Quantitative Management LLC now owns 505 shares of the company’s stock valued at $41,000 after acquiring an additional 253 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its stake in Zoom Communications by 400.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company’s stock valued at $43,000 after acquiring an additional 400 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its stake in Zoom Communications by 133.8% in the third quarter. Elevation Wealth Partners LLC now owns 477 shares of the company’s stock valued at $43,000 after acquiring an additional 273 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

More Zoom Communications News

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Oppenheimer upgraded Zoom to Outperform from Market Perform and set a $130 price target, citing traction for the company’s newer AI services after reviewing its Zoomtopia strategy. The target implies roughly 30% upside from recent trading levels. Zoom Video upgraded at Oppenheimer on AI platform traction
• Positive Sentiment: Several other firms maintained bullish views: Royal Bank of Canada reaffirmed an Outperform rating with a $130 target, Rosenblatt reiterated Buy with a $130 target, and BTIG maintained Buy with a $125 target. The concentration of targets above the current share price supports the positive sentiment.
• Positive Sentiment: At Zoomtopia, Zoom introduced a Unified Context Layer and additional AI capabilities intended to convert meeting conversations into completed work across Zoom Workplace, customer experience, developer tools and events. Investors may view these offerings as potential sources of new revenue and improved customer retention. Zoom advances its AI strategy with a new Unified Context Layer
• Positive Sentiment: Tools for Humanity joined Zoom’s ISV Exchange Program, expanding potential business use cases involving proof-of-human access as companies adopt AI tools. Tools for Humanity joins Zoom ISV Exchange Program

About Zoom Communications

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based collaboration and customer engagement solutions. Founded in 2011 and headquartered in San Jose, California, the company is best known for Zoom Meetings, its videoconferencing platform for online meetings, webinars and virtual events.

The company’s product portfolio also includes Zoom Phone, a cloud-based business phone service; Zoom Team Chat; Zoom Rooms for hybrid meeting spaces; Zoom Whiteboard; and Zoom Contact Center.