Zscaler, Inc. (NASDAQ:ZS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Zscaler, Inc. (NASDAQ:ZS) have earned a consensus rating of “Moderate Buy” from the thirty-four analysts that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $225.21.

ZS has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $190.00 target price on shares of Zscaler in a research note on Tuesday, May 28th. Robert W. Baird lowered their target price on shares of Zscaler from $265.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Sanford C. Bernstein lowered 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. Macquarie reaffirmed an “outperform” rating and issued a $245.00 target price on shares of Zscaler in a research note on Tuesday, March 19th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $260.00 target price (down from $290.00) on shares of Zscaler in a research note on Friday, May 31st.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Remo Canessa sold 4,689 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $180.93, for a total transaction of $848,380.77. Following the completion of the transaction, the chief financial officer now directly owns 251,467 shares of the company’s stock, valued at approximately $45,497,924.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.20% of the stock is currently owned by company insiders.

Institutional Trading of Zscaler

A number of institutional investors have recently made changes to their positions in ZS. DekaBank Deutsche Girozentrale lifted its stake in Zscaler by 2.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 254,627 shares of the company’s stock valued at $48,970,000 after purchasing an additional 5,317 shares during the last quarter. Cambridge Trust Co. lifted its stake in Zscaler by 133.3% during the first quarter. Cambridge Trust Co. now owns 700 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Zscaler during the first quarter valued at approximately $3,877,000. Cetera Advisors LLC lifted its stake in Zscaler by 146.7% during the first quarter. Cetera Advisors LLC now owns 8,079 shares of the company’s stock valued at $1,556,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Zscaler by 895.1% during the first quarter. Cetera Investment Advisers now owns 31,395 shares of the company’s stock valued at $6,048,000 after purchasing an additional 28,240 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Trading Up 3.3 %

Shares of Zscaler stock opened at $198.62 on Tuesday. Zscaler has a 12-month low of $131.59 and a 12-month high of $259.61. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.04. The stock has a market cap of $30.02 billion, a PE ratio of -389.45 and a beta of 0.84. The company has a 50-day moving average of $177.44 and a two-hundred day moving average of $202.50.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Thursday, May 30th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $553.20 million during the quarter, compared to analysts’ expectations of $535.55 million. On average, research analysts anticipate that Zscaler will post -0.34 EPS for the current fiscal year.

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.