What is Wedbush's Forecast for ZM Q4 Earnings?

Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) - Wedbush issued their Q4 2027 earnings estimates for shares of Zoom Video Communications in a research report issued to clients and investors on Tuesday, February 25th. Wedbush analyst D. Ives expects that the company will earn $0.62 per share for the quarter. The consensus estimate for Zoom Video Communications' current full-year earnings is $2.93 per share.

A number of other analysts also recently commented on ZM. Morgan Stanley boosted their price objective on Zoom Video Communications from $86.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 18th. UBS Group lowered their target price on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Sanford C. Bernstein upped their price target on shares of Zoom Video Communications from $78.00 to $89.00 and gave the company a "market perform" rating in a report on Tuesday, November 26th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Finally, Bank of America increased their target price 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. Fifteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $90.05.

Zoom Video Communications Stock Performance

Shares of NASDAQ:ZM traded up $0.61 during trading on Thursday, reaching $74.31. The company had a trading volume of 3,261,619 shares, compared to its average volume of 2,711,728. Zoom Video Communications has a twelve month low of $55.06 and a twelve month high of $92.80. The firm has a market capitalization of $22.78 billion and a PE ratio of 24.77. The firm's fifty day moving average is $82.30 and its 200 day moving average is $77.04.

Insider Activity

In other news, CEO Eric S. Yuan sold 83,333 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $83.50, for a total transaction of $6,958,305.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Aparna Bawa sold 9,317 shares of the business's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $78.69, for a total value of $733,154.73. Following the completion of the sale, the chief operating officer now owns 14,053 shares of the company's stock, valued at approximately $1,105,830.57. This trade represents a 39.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 382,242 shares of company stock worth $31,230,938 in the last three months. 10.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Zoom Video Communications

Institutional investors have recently modified their holdings of the company. FMR LLC increased its position in Zoom Video Communications by 2.3% in the 4th quarter. FMR LLC now owns 12,727,532 shares of the company's stock worth $1,038,694,000 after buying an additional 282,645 shares during the period. Norges Bank bought a new position in Zoom Video Communications during the fourth quarter worth $751,908,000. AQR Capital Management LLC raised its stake in Zoom Video Communications by 5.2% during the 4th quarter. AQR Capital Management LLC now owns 7,538,744 shares of the company's stock valued at $615,237,000 after purchasing an additional 373,509 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Zoom Video Communications by 24.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,385,523 shares of the company's stock valued at $521,123,000 after purchasing an additional 1,247,717 shares during the period. Finally, State Street Corp grew its position in Zoom Video Communications by 2.3% in the 3rd quarter. State Street Corp now owns 6,106,293 shares of the company's stock worth $425,853,000 after purchasing an additional 134,559 shares during the last quarter. Institutional investors own 66.54% 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.