Brokers Issue Forecasts for ZM FY2025 Earnings

Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) - Investment analysts at Scotiabank issued their FY2025 earnings estimates for Zoom Video Communications in a research note issued on Wednesday, January 8th. Scotiabank analyst A. Verkhovski forecasts that the company will post earnings per share of $2.74 for the year. Scotiabank has a "Hold" rating on the stock. The consensus estimate for Zoom Video Communications' current full-year earnings is $2.92 per share. Scotiabank also issued estimates for Zoom Video Communications' FY2026 earnings at $2.91 EPS.

Other equities analysts have also recently issued reports about the company. Barclays boosted their price target on Zoom Video Communications from $70.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Mizuho upped their target price on shares of Zoom Video Communications from $90.00 to $105.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Bank of America upped their price objective on shares of Zoom Video Communications from $75.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. JMP Securities reaffirmed a "market perform" rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $95.00 price objective on shares of Zoom Video Communications in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.81.

Zoom Video Communications Trading Down 0.6 %

NASDAQ:ZM opened at $79.46 on Monday. The firm has a 50-day moving average price of $82.96 and a two-hundred day moving average price of $71.10. The company has a market capitalization of $24.35 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 5.29 and a beta of -0.01. Zoom Video Communications has a twelve month low of $55.06 and a twelve month high of $92.80.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in Zoom Video Communications in the third quarter worth about $37,000. Allworth Financial LP lifted its holdings in Zoom Video Communications by 43.8% during the 3rd quarter. Allworth Financial LP now owns 591 shares of the company's stock worth $41,000 after buying an additional 180 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Zoom Video Communications by 56.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 763 shares of the company's stock worth $53,000 after buying an additional 274 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Zoom Video Communications by 27.1% in the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company's stock worth $63,000 after acquiring an additional 164 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of Zoom Video Communications by 10,763.6% in the 3rd quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $83,000 after acquiring an additional 1,184 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zoom Video Communications

In other news, CAO Shane Crehan sold 1,551 shares of Zoom Video Communications stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $131,741.94. Following the sale, the chief accounting officer now directly owns 3,251 shares of the company's stock, valued at approximately $276,139.94. The trade was a 32.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 35,722 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $71.45, for a total value of $2,552,336.90. Following the completion of the transaction, the chief executive officer now directly owns 57,371 shares of the company's stock, valued at $4,099,157.95. This represents a 38.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 358,363 shares of company stock valued at $28,010,614 over the last quarter. Company insiders own 10.78% of the company's stock.

About Zoom Video Communications

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.