Resonant Capital Advisors LLC Takes Position in Zoom Communications, Inc. $ZM

Resonant Capital Advisors LLC acquired a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,741 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SouthState Corp purchased a new stake in shares of Zoom Communications during the first quarter valued at $25,000. Wayfinding Financial LLC purchased a new position in Zoom Communications during the first quarter valued at approximately $25,000. REAP Financial Group LLC increased its stake in shares of Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after acquiring an additional 229 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Zoom Communications in the 2nd quarter worth about $31,000. Finally, GKV Capital Management Co. Inc. acquired a new position in Zoom Communications in the first quarter worth approximately $31,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Performance

NASDAQ ZM opened at $84.89 on Wednesday. The stock has a market capitalization of $25.68 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 11.62 and a beta of 0.78. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The stock has a fifty day moving average of $82.18 and a 200-day moving average of $78.58.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Equities research analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 73,383 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $82.65, for a total transaction of $6,065,104.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Velchamy Sankarlingam sold 7,660 shares of Zoom Communications stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $628,120.00. Following the transaction, the insider directly owned 132,795 shares in the company, valued at $10,889,190. The trade was a 5.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 245,617 shares of company stock valued at $20,154,365. Corporate insiders own 10.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Piper Sandler restated a “neutral” rating and set a $85.00 target price on shares of Zoom Communications in a report on Friday, August 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price target on shares of Zoom Communications in a research report on Thursday, September 18th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. Dbs Bank raised shares of Zoom Communications to a “moderate buy” rating in a research report on Tuesday, September 16th. Finally, Wedbush restated an “outperform” rating and set a $95.00 target price on shares of Zoom Communications in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Zoom Communications presently has an average rating of “Hold” and an average target price of $91.74.

Zoom Communications 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.