What is Wedbush’s Forecast for ZM Q4 Earnings?

Zoom Video Communications, Inc. (NASDAQ:ZM) – Equities research analysts at Wedbush issued their Q4 2027 EPS estimates for shares of Zoom Video Communications in a report issued on Tuesday, February 25th. Wedbush analyst D. Ives forecasts 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.

A number of other analysts have also recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Zoom Video Communications from $90.00 to $85.00 and set a “hold” rating for the company in a research note on Tuesday. Wells Fargo & Company upgraded shares of Zoom Video Communications from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $70.00 to $85.00 in a research note on Tuesday, January 7th. Benchmark restated a “buy” rating and set a $97.00 target price on shares of Zoom Video Communications in a research note on Tuesday. Barclays cut their target price on shares of Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Piper Sandler raised their target price on shares of Zoom Video Communications from $68.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Sixteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $89.57.

Zoom Video Communications Stock Performance

NASDAQ ZM opened at $74.15 on Thursday. The firm has a 50-day moving average of $82.76 and a 200-day moving average of $76.66. The stock has a market cap of $22.73 billion and a PE ratio of 24.72. Zoom Video Communications has a 52-week low of $55.06 and a 52-week high of $92.80.

Insider Activity

In related news, CEO Eric S. Yuan sold 83,333 shares of Zoom Video Communications stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $83.50, for a total transaction of $6,958,305.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Aparna Bawa sold 9,317 shares of Zoom Video Communications stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $733,154.73. Following the sale, the chief operating officer now directly owns 14,053 shares in the company, valued at $1,105,830.57. This trade represents a 39.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 382,242 shares of company stock worth $31,230,938. 10.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zoom Video Communications

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Japan Co. Ltd. grew its holdings in shares of Zoom Video Communications by 127.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Zoom Video Communications by 277.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 258 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Zoom Video Communications during the 4th quarter valued at approximately $30,000. Finally, Colonial Trust Co SC bought a new stake in shares of Zoom Video Communications during the 4th quarter valued at approximately $32,000. 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.