Zscaler, Inc. (NASDAQ:ZS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Zscaler, Inc. (NASDAQ:ZS) has been given an average recommendation of “Moderate Buy” by the thirty-five brokerages that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $225.21.

Several research firms recently issued reports on ZS. Needham & Company LLC reissued a “strong-buy” rating and issued a $290.00 target price on shares of Zscaler in a report on Friday, June 14th. JPMorgan Chase & Co. upgraded shares of Zscaler from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $205.00 to $230.00 in a research report on Friday, June 14th. Citigroup lowered their target price on shares of Zscaler from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Royal Bank of Canada increased their price target on Zscaler from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Finally, Stifel Nicolaus lowered their price objective on Zscaler from $270.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th.

Zscaler Stock Up 0.8 %

Shares of ZS stock opened at $199.43 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.04. Zscaler has a 12 month low of $139.20 and a 12 month high of $259.61. The stock has a market cap of $30.14 billion, a P/E ratio of -391.04 and a beta of 0.85. The company has a 50 day simple moving average of $187.05 and a two-hundred day simple moving average of $191.41.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, May 30th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.24) by $0.39. The firm had revenue of $553.20 million during the quarter, compared to analyst estimates of $535.55 million. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. On average, research analysts expect that Zscaler will post -0.32 earnings per share for the current year.

Insider Activity

In other Zscaler news, CFO Remo Canessa sold 7,981 shares of Zscaler stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the completion of the transaction, the chief financial officer now directly owns 243,486 shares of the company’s stock, valued at $43,148,154.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 19.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quest Partners LLC purchased a new stake in shares of Zscaler during the second quarter valued at $28,000. Jones Financial Companies Lllp purchased a new stake in Zscaler in the 4th quarter valued at about $29,000. Parkside Financial Bank & Trust grew its stake in Zscaler by 582.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after acquiring an additional 134 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Zscaler during the fourth quarter worth approximately $37,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Zscaler by 66.7% during the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.