Zscaler (NASDAQ:ZS) had its price objective hoisted by UBS Group from $60.00 to $70.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.

Several other research firms also recently commented on ZS. Morgan Stanley set a $43.00 target price on Zscaler and gave the stock a sell rating in a report on Friday, March 1st. Barclays boosted their target price on Zscaler from $42.00 to $55.00 and gave the stock an equal weight rating in a report on Friday, March 1st. Robert W. Baird reissued a buy rating and issued a $65.00 target price on shares of Zscaler in a report on Tuesday, April 9th. Cowen initiated coverage on Zscaler in a report on Thursday, May 23rd. They issued an outperform rating and a $85.00 target price on the stock. Finally, Needham & Company LLC reissued a strong-buy rating and issued a $65.00 target price on shares of Zscaler in a report on Friday, March 1st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $69.67.

Zscaler stock opened at $66.90 on Friday. Zscaler has a 12 month low of $28.39 and a 12 month high of $80.38. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of -215.81 and a beta of 1.18.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, May 30th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). Zscaler had a negative return on equity of 11.27% and a negative net margin of 11.12%. The company had revenue of $79.10 million during the quarter, compared to the consensus estimate of $74.92 million. During the same period last year, the firm posted ($0.02) earnings per share. The company’s revenue was up 60.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Zscaler will post -0.27 EPS for the current fiscal year.

In related news, insider Robert Schlossman sold 55,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $66.86, for a total transaction of $3,677,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Remo Canessa sold 110,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $59.42, for a total value of $6,536,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 352,164 shares of company stock worth $22,949,152. Corporate insiders own 27.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ZS. Tortoise Index Solutions LLC purchased a new stake in Zscaler during the first quarter valued at $25,000. FTB Advisors Inc. purchased a new stake in Zscaler during the first quarter valued at $26,000. Nisa Investment Advisors LLC purchased a new stake in Zscaler during the first quarter valued at $28,000. Quantamental Technologies LLC purchased a new stake in Zscaler during the fourth quarter valued at $39,000. Finally, Acadian Asset Management LLC increased its position in Zscaler by 561.3% during the fourth quarter. Acadian Asset Management LLC now owns 1,230 shares of the company’s stock valued at $48,000 after acquiring an additional 1,044 shares during the last quarter. Institutional investors own 34.36% of the company’s stock.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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Analyst Recommendations for Zscaler (NASDAQ:ZS)

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