Q4 Earnings Forecast for ZM Issued By Wedbush

Zoom Video Communications, Inc. (NASDAQ:ZM) – Investment analysts at Wedbush issued their Q4 2027 earnings per share estimates for Zoom Video Communications in a report released on Tuesday, February 25th. Wedbush analyst D. Ives anticipates 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.

Other equities analysts also recently issued reports about the company. JMP Securities reiterated a “market perform” rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 target price on shares of Zoom Video Communications in a research report on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a report on Tuesday. Evercore ISI upgraded Zoom Video Communications from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $70.00 to $115.00 in a research note on Tuesday, November 26th. Finally, Sanford C. Bernstein lifted their price objective on shares of Zoom Video Communications from $78.00 to $89.00 and gave the stock a “market perform” rating in a report on Tuesday, November 26th. Fifteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $90.05.

Zoom Video Communications Stock Performance

ZM opened at $72.88 on Thursday. The company has a market capitalization of $22.34 billion and a P/E ratio of 24.29. The company has a 50-day moving average of $82.54 and a 200-day moving average of $76.63. Zoom Video Communications has a 1-year low of $55.06 and a 1-year high of $92.80.

Insider Activity

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 3,618 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total transaction of $307,312.92. Following the sale, the insider now directly owns 107,826 shares in the company, valued at approximately $9,158,740.44. The trade was a 3.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric S. Yuan sold 118,036 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $79.03, for a total transaction of $9,328,385.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 382,242 shares of company stock valued at $31,230,938. Insiders own 10.78% of the company’s stock.

Institutional Trading of Zoom Video Communications

Hedge funds and other institutional investors have recently modified their holdings of the company. Baker Avenue Asset Management LP lifted its stake in Zoom Video Communications by 82.1% during the third 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 during the last quarter. HighTower Advisors LLC grew its position in Zoom Video Communications by 449.4% in the third quarter. HighTower Advisors LLC now owns 63,618 shares of the company’s stock worth $4,429,000 after buying an additional 52,039 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Zoom Video Communications in the fourth quarter valued at $1,072,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Zoom Video Communications by 15.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock valued at $87,713,000 after acquiring an additional 167,618 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of Zoom Video Communications during the 3rd quarter worth $62,038,000. 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.