Shares of Zscaler Inc (NASDAQ:ZS) have been given an average recommendation of “Buy” by the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $72.00.

A number of brokerages have commented on ZS. Cowen began coverage on Zscaler in a report on Thursday, May 23rd. They set an “outperform” rating and a $85.00 target price for the company. Barclays increased their target price on Zscaler from $55.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Deutsche Bank increased their target price on Zscaler from $57.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, May 29th. Wedbush reissued a “buy” rating and set a $82.00 target price on shares of Zscaler in a report on Friday, May 31st. Finally, Bank of America set a $77.00 target price on Zscaler and gave the company a “neutral” rating in a report on Friday, May 31st.

ZS stock traded down $2.05 during mid-day trading on Friday, reaching $77.67. 1,947,836 shares of the company’s stock were exchanged, compared to its average volume of 2,156,450. The company has a market capitalization of $9.70 billion, a P/E ratio of -250.55 and a beta of 1.19. Zscaler has a 12-month low of $30.72 and a 12-month high of $80.38.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $79.10 million for the quarter, compared to analysts’ expectations of $74.92 million. Zscaler had a negative return on equity of 10.95% and a negative net margin of 11.12%. The business’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) EPS. Equities research analysts anticipate that Zscaler will post -0.17 EPS for the current year.

In related news, Director Karen Blasing sold 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $67.39, for a total value of $67,390.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Schlossman sold 55,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $66.86, for a total value of $3,677,300.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 437,910 shares of company stock valued at $32,350,110. Insiders own 27.40% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Alexandria Capital LLC increased its stake in Zscaler by 2.4% during the fourth quarter. Alexandria Capital LLC now owns 12,990 shares of the company’s stock worth $509,000 after acquiring an additional 305 shares during the last quarter. Tortoise Index Solutions LLC acquired a new stake in Zscaler during the first quarter worth $25,000. FTB Advisors Inc. acquired a new stake in Zscaler during the first quarter worth $26,000. Nisa Investment Advisors LLC acquired a new stake in Zscaler during the first quarter worth $28,000. Finally, Wealthcare Advisory Partners LLC increased its stake in Zscaler by 211.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 700 shares of the company’s stock worth $50,000 after acquiring an additional 475 shares during the last quarter. 34.36% of the stock is owned by hedge funds and other institutional investors.

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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