Equities Analysts Set Expectations for ZM Q4 Earnings

Zoom Video Communications, Inc. (NASDAQ:ZM) – Equities researchers at Wedbush issued their Q4 2027 EPS estimates for shares of Zoom Video Communications in a note issued to investors on Tuesday, February 25th. Wedbush analyst D. Ives expects that the company will post earnings per share of $0.62 for the quarter. The consensus estimate for Zoom Video Communications’ current full-year earnings is $2.93 per share.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a research note on Tuesday. Evercore ISI raised shares of 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. Citigroup dropped their price objective on shares of Zoom Video Communications from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Hsbc Global Res raised shares of Zoom Video Communications to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Sanford C. Bernstein lifted 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 research note on Tuesday, November 26th. Fifteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Zoom Video Communications presently has a consensus rating of “Hold” and an average target price of $90.05.

Zoom Video Communications Price Performance

Shares of NASDAQ ZM opened at $73.70 on Thursday. The stock has a market capitalization of $22.59 billion and a price-to-earnings ratio of 24.57. Zoom Video Communications has a 12 month low of $55.06 and a 12 month high of $92.80. The firm’s 50 day simple moving average is $82.30 and its 200-day simple moving average is $76.76.

Insider Transactions at Zoom Video Communications

In related news, CAO Shane Crehan sold 1,551 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 3,251 shares of the company’s stock, valued at approximately $276,139.94. This trade represents a 32.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 83,332 shares of Zoom Video Communications stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $86.28, for a total value of $7,189,884.96. The disclosure for this sale can be found here. Insiders have sold a total of 382,242 shares of company stock worth $31,230,938 in the last quarter. Company insiders own 10.78% of the company’s stock.

Hedge Funds Weigh In On Zoom Video Communications

Several institutional investors have recently bought and sold shares of the company. Global X Japan Co. Ltd. grew its position in shares of Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock worth $28,000 after buying an additional 190 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Zoom Video Communications by 277.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock worth $29,000 after buying an additional 258 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Zoom Video Communications by 291.2% during the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after buying an additional 265 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Zoom Video Communications during the fourth quarter worth about $30,000. Finally, Colonial Trust Co SC acquired a new position in shares of Zoom Video Communications during the fourth quarter worth about $32,000. 66.54% of the stock is owned by institutional investors and hedge funds.

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.