Zoom Video Communications (NASDAQ:ZM) Issues Q4 Earnings Guidance

Zoom Video Communications (NASDAQ:ZM) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.29-1.30 for the period, compared to the consensus earnings per share estimate of $1.28. The company issued revenue guidance of $1.175-1.180 billion, compared to the consensus revenue estimate of $1.17 billion. Zoom Video Communications also updated its FY 2025 guidance to 5.410-5.430 EPS.

Zoom Video Communications Stock Performance

Shares of Zoom Video Communications stock opened at $83.41 on Wednesday. Zoom Video Communications has a 1 year low of $55.06 and a 1 year high of $92.80. The company has a market capitalization of $25.67 billion, a P/E ratio of 27.80, a PEG ratio of 7.60 and a beta of -0.05. The company’s fifty day moving average is $74.16 and its two-hundred day moving average is $65.89.

Analysts Set New Price Targets

ZM has been the topic of several research reports. Mizuho raised their price objective on shares of Zoom Video Communications from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday. Piper Sandler raised their price objective on shares of Zoom Video Communications from $68.00 to $89.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America lifted their target price on shares of Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday. Evercore ISI raised shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $70.00 to $115.00 in a report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on shares of Zoom Video Communications from $72.00 to $86.00 and gave the company a “neutral” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.20.

Insiders Place Their Bets

In other news, COO Aparna Bawa sold 831 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total value of $55,086.99. Following the completion of the transaction, the chief operating officer now owns 1,978 shares of the company’s stock, valued at $131,121.62. The trade was a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric S. Yuan sold 178,571 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total transaction of $13,733,895.61. The disclosure for this sale can be found here. Over the last quarter, insiders sold 367,108 shares of company stock worth $26,796,191. Insiders own 10.78% of the company’s stock.

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.