FY2025 Earnings Forecast for ZM Issued By Cantor Fitzgerald

Zoom Video Communications, Inc. (NASDAQ:ZM) – Equities researchers at 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 of $2.95 per share for the year. Cantor Fitzgerald currently has a “Hold” rating and a $87.00 price objective on the stock. The consensus estimate for Zoom Video Communications’ current full-year earnings is $2.93 per share.

Other research analysts have also issued reports about the stock. Evercore ISI upgraded shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $70.00 to $115.00 in a report on Tuesday, November 26th. Stifel Nicolaus upped their price target on Zoom Video Communications from $70.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Barclays increased their price objective 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. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research note on Friday, January 10th. Finally, Wedbush started coverage on shares of Zoom Video Communications in a report on Thursday, October 17th. They set an “outperform” rating and a $85.00 target price for the company. Sixteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $89.10.

Zoom Video Communications Stock Up 0.9 %

Shares of Zoom Video Communications stock opened at $79.28 on Thursday. The business has a 50 day moving average of $82.56 and a 200 day moving average of $72.15. Zoom Video Communications has a 52 week low of $55.06 and a 52 week high of $92.80. The company has a market cap of $24.30 billion, a PE ratio of 26.43, a P/E/G ratio of 4.94 and a beta of -0.01.

Insider Transactions at Zoom Video Communications

In other Zoom Video Communications news, Director Jonathan Chadwick sold 25,000 shares of Zoom Video Communications stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $80.33, for a total transaction of $2,008,250.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Velchamy Sankarlingam sold 3,618 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total value of $307,312.92. Following the transaction, the insider now directly owns 107,826 shares of the company’s stock, valued at approximately $9,158,740.44. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 489,981 shares of company stock worth $38,712,948 in the last ninety days. Insiders own 10.78% of the company’s stock.

Institutional Investors Weigh In On Zoom Video Communications

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Zoom Video Communications by 78.5% during the 2nd quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after purchasing an additional 2,520,987 shares during the last quarter. FMR LLC grew its stake in shares of Zoom Video Communications by 23.8% during the third quarter. FMR LLC now owns 12,444,887 shares of the company’s stock valued at $867,906,000 after buying an additional 2,395,396 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Zoom Video Communications in the third quarter worth approximately $62,038,000. Assenagon Asset Management S.A. lifted its stake in shares of Zoom Video Communications by 126.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,251,302 shares of the company’s stock worth $102,119,000 after acquiring an additional 699,625 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Zoom Video Communications by 202.8% during the 4th quarter. Nordea Investment Management AB now owns 779,051 shares of the company’s stock valued at $64,054,000 after acquiring an additional 521,778 shares during the period. 66.54% of the stock is owned by institutional investors.

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.