Zscaler (NASDAQ:ZS) Trading Up 0.2%

Zscaler, Inc. (NASDAQ:ZS) shares were up 0.2% during trading on Friday . The stock traded as high as $179.11 and last traded at $178.89. Approximately 495,216 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 2,240,431 shares. The stock had previously closed at $178.58.

Analyst Ratings Changes

Several analysts recently commented on ZS shares. Mizuho decreased their price target on shares of Zscaler from $240.00 to $220.00 and set a “buy” rating for the company in a report on Friday, May 31st. Royal Bank of Canada raised their price target on shares of Zscaler from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Canaccord Genuity Group decreased their price target on shares of Zscaler from $260.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. Truist Financial restated a “buy” rating and set a $260.00 price target on shares of Zscaler in a report on Monday, April 1st. Finally, Sanford C. Bernstein reduced their target price on shares of Zscaler from $280.00 to $270.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Six equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.21.

Zscaler Price Performance

The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75. The company’s 50 day moving average price is $175.69 and its 200 day moving average price is $203.34. The company has a market cap of $27.14 billion, a price-to-earnings ratio of -352.06 and a beta of 0.85.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.39. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. The company had revenue of $553.20 million for the quarter, compared to the consensus estimate of $535.55 million. On average, equities research analysts predict that Zscaler, Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new stake in Zscaler during the 4th quarter worth about $29,000. GAMMA Investing LLC bought a new stake in Zscaler during the 4th quarter worth about $37,000. Parkside Financial Bank & Trust raised its holdings in Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

About Zscaler

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.