Equities Analysts Issue Forecasts for ZM FY2025 Earnings

Zoom Video Communications, Inc. (NASDAQ:ZM) – Cantor Fitzgerald issued their FY2025 EPS estimates for Zoom Video Communications in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey expects that the company will post earnings per share of $2.95 for the year. Cantor Fitzgerald has a “Hold” rating and a $87.00 price target on the stock. The consensus estimate for Zoom Video Communications’ current full-year earnings is $2.93 per share.

Other equities research analysts have also issued reports about the stock. Hsbc Global Res raised shares of Zoom Video Communications to a “strong-buy” rating in a report on Tuesday, November 26th. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a report on Friday, January 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $78.00 price target on shares of Zoom Video Communications in a research note on Friday, November 22nd. Mizuho boosted their price objective on Zoom Video Communications from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Finally, Barclays increased their target price on Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Sixteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $89.10.

Zoom Video Communications Trading Up 0.9 %

Shares of NASDAQ:ZM opened at $79.28 on Thursday. The firm has a 50 day moving average of $82.56 and a 200-day moving average of $72.15. Zoom Video Communications has a 12 month low of $55.06 and a 12 month high of $92.80. The stock has a market capitalization of $24.30 billion, a PE ratio of 26.43, a PEG ratio of 4.94 and a beta of -0.01.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Baker Avenue Asset Management LP boosted its stake in shares of Zoom Video Communications by 82.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 28,593 shares of the company’s stock valued at $1,994,000 after purchasing an additional 12,890 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Zoom Video Communications in the second quarter worth $763,000. HighTower Advisors LLC boosted its position in Zoom Video Communications by 449.4% during the third quarter. HighTower Advisors LLC now owns 63,618 shares of the company’s stock valued at $4,429,000 after buying an additional 52,039 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Zoom Video Communications by 15.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock valued at $87,713,000 after buying an additional 167,618 shares during the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in shares of Zoom Video Communications in the third quarter worth about $62,038,000. Institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling

In other Zoom Video Communications news, Director Jonathan Chadwick sold 25,000 shares of Zoom Video Communications stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $80.33, for a total transaction of $2,008,250.00. Following the completion of the transaction, the director now owns 1,514 shares of the company’s stock, valued at $121,619.62. The trade was a 94.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric S. Yuan sold 178,571 shares of Zoom Video Communications stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total value of $13,733,895.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 489,981 shares of company stock worth $38,712,948. Insiders own 10.78% of the company’s stock.

Zoom Video 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.