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

Shares of Zscaler, Inc. (NASDAQ:ZS) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-four analysts that are covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, twenty-four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $218.39.

A number of equities research analysts have weighed in on ZS shares. Needham & Company LLC decreased their price target on shares of Zscaler from $290.00 to $235.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, September 4th. Bank of America cut shares of Zscaler from a “buy” rating to a “neutral” rating and lowered their target price for the company from $265.00 to $195.00 in a research note on Wednesday, September 4th. Loop Capital cut their price target on shares of Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. JMP Securities reissued a “market outperform” rating and issued a $270.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Finally, UBS Group decreased their price target on Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th.

Insider Activity

In other news, CFO Remo Canessa sold 7,981 shares of Zscaler stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the transaction, the chief financial officer now owns 243,486 shares in the company, valued at approximately $43,148,154.06. 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 Investors Weigh In On Zscaler

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Zscaler during the 4th quarter worth approximately $29,000. Quest Partners LLC bought a new stake in shares of Zscaler during the 2nd quarter worth approximately $28,000. Quadrant Capital Group LLC raised its stake in shares of 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 in the last quarter. Asset Dedication LLC raised its stake in shares of Zscaler by 436.8% during the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Finally, American Capital Advisory LLC bought a new stake in shares of Zscaler during the 2nd quarter worth approximately $50,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

NASDAQ:ZS opened at $170.06 on Friday. The firm has a market capitalization of $25.70 billion, a PE ratio of -333.45 and a beta of 0.82. 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 1 year low of $146.59 and a 1 year high of $259.61. The firm’s fifty day simple moving average is $184.05 and its 200 day simple moving average is $184.81.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.70 by $0.18. Zscaler had a negative return on equity of 3.75% and a negative net margin of 2.66%. The company had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. During the same period in the previous year, the business posted ($0.17) EPS. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, sell-side analysts anticipate that Zscaler will post -0.92 EPS for the current year.

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.