Zscaler, Inc. (NASDAQ:ZS) Receives $248.73 Consensus Target Price from Analysts

Zscaler, Inc. (NASDAQ:ZSGet Rating) has been given a consensus recommendation of “Moderate Buy” by the thirty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $248.73.

A number of equities research analysts have commented on ZS shares. Cowen reduced their price target on Zscaler from $405.00 to $194.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Piper Sandler reduced their price target on Zscaler from $260.00 to $160.00 in a research report on Friday, May 27th. Robert W. Baird reduced their price target on Zscaler from $300.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. The Goldman Sachs Group reduced their price target on Zscaler from $326.00 to $281.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 12th. Finally, BMO Capital Markets dropped their price objective on Zscaler from $270.00 to $172.00 in a research note on Friday, May 27th.

Zscaler Trading Down 2.0 %

Shares of ZS stock opened at $161.99 on Tuesday. The firm has a market capitalization of $22.98 billion, a P/E ratio of -60.67 and a beta of 1.04. Zscaler has a twelve month low of $125.12 and a twelve month high of $376.11. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.80. The stock’s fifty day simple moving average is $155.47 and its 200 day simple moving average is $197.44.

Zscaler (NASDAQ:ZSGet Rating) last issued its quarterly earnings data on Thursday, May 26th. The company reported ($0.61) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.02. Zscaler had a negative return on equity of 58.37% and a negative net margin of 38.52%. The business had revenue of $286.81 million for the quarter, compared to analyst estimates of $271.47 million. During the same quarter in the previous year, the company posted ($0.30) EPS. Zscaler’s quarterly revenue was up 62.6% compared to the same quarter last year. As a group, sell-side analysts predict that Zscaler will post -2.31 EPS for the current fiscal year.

Insider Activity at Zscaler

In related news, President Amit Sinha sold 9,975 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $136.67, for a total value of $1,363,283.25. Following the transaction, the president now directly owns 266,124 shares of the company’s stock, valued at approximately $36,371,167.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Amit Sinha sold 9,975 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $136.67, for a total value of $1,363,283.25. Following the transaction, the president now directly owns 266,124 shares of the company’s stock, valued at approximately $36,371,167.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Dali Rajic sold 25,000 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $155.80, for a total transaction of $3,895,000.00. Following the sale, the chief operating officer now owns 231,574 shares of the company’s stock, valued at $36,079,229.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,710 shares of company stock valued at $7,275,302. 20.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zscaler

Institutional investors have recently bought and sold shares of the business. Arlington Partners LLC lifted its holdings in shares of Zscaler by 122.4% in the 1st quarter. Arlington Partners LLC now owns 109 shares of the company’s stock valued at $26,000 after acquiring an additional 60 shares during the last quarter. San Luis Wealth Advisors LLC bought a new stake in Zscaler in the first quarter worth about $30,000. Meeder Asset Management Inc. bought a new stake in Zscaler in the first quarter worth about $30,000. AdvisorNet Financial Inc lifted its stake in Zscaler by 362.1% in the first quarter. AdvisorNet Financial Inc now owns 134 shares of the company’s stock worth $32,000 after purchasing an additional 105 shares during the last quarter. Finally, AlphaCentric Advisors LLC bought a new stake in Zscaler in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 43.41% of the company’s stock.

Zscaler Company Profile

(Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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.

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Analyst Recommendations for Zscaler (NASDAQ:ZS)

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