Zscaler, Inc. (NASDAQ:ZS – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the thirty-five brokerages that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $216.97.
Several research analysts have weighed in on ZS shares. Piper Sandler lowered their price target on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. BTIG Research lowered their price target on shares of Zscaler from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. UBS Group lowered their price target on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Oppenheimer lowered their price target on shares of Zscaler from $260.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Finally, Robert W. Baird lowered their price target on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th.
Check Out Our Latest Analysis on ZS
Insider Activity
Institutional Investors Weigh In On Zscaler
Several hedge funds and other institutional investors have recently bought and sold shares of ZS. RMB Capital Management LLC grew its holdings in shares of Zscaler by 2.5% during the fourth quarter. RMB Capital Management LLC now owns 18,991 shares of the company’s stock valued at $4,208,000 after buying an additional 468 shares during the last quarter. Garner Asset Management Corp acquired a new position in shares of Zscaler during the fourth quarter valued at about $210,000. Shariaportfolio Inc. acquired a new position in shares of Zscaler during the fourth quarter valued at about $233,000. C M Bidwell & Associates Ltd. grew its holdings in shares of Zscaler by 68.4% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,315 shares of the company’s stock valued at $291,000 after buying an additional 534 shares during the last quarter. Finally, Parkwood LLC purchased a new position in Zscaler during the fourth quarter worth about $361,000. 46.45% of the stock is owned by institutional investors.
Zscaler Stock Performance
Shares of Zscaler stock opened at $196.74 on Thursday. Zscaler has a 52 week low of $152.60 and a 52 week high of $259.61. The stock has a market capitalization of $29.74 billion, a price-to-earnings ratio of -385.76 and a beta of 0.82. The firm has a fifty day moving average of $179.03 and a two-hundred day moving average of $180.62.
Zscaler (NASDAQ:ZS – Get Free Report) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $592.90 million during the quarter, compared to analyst estimates of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS. As a group, research analysts forecast that Zscaler will post -0.95 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.
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