Zscaler Inc (ZS) Given Average Rating of “Hold” by Analysts

Share on StockTwits

Zscaler Inc (NASDAQ:ZS) has earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.13.

Several equities analysts recently issued reports on ZS shares. Robert W. Baird reaffirmed an “outperform” rating on shares of Zscaler in a research report on Thursday, October 18th. Wedbush started coverage on Zscaler in a research report on Thursday, October 18th. They issued an “outperform” rating and a $48.00 price objective on the stock. Morgan Stanley upped their price objective on Zscaler from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, December 6th. Guggenheim started coverage on Zscaler in a report on Monday, December 10th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, Piper Jaffray Companies started coverage on Zscaler in a report on Friday, January 11th. They set an “overweight” rating and a $50.00 price target on the stock.

In other news, EVP Amit Sinha sold 4,807 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $47.26, for a total value of $227,178.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 1,562 shares of the company’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $61,167.92. The disclosure for this sale can be found here. Insiders have sold a total of 244,597 shares of company stock worth $11,019,171 over the last three months. Insiders own 27.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. Mascoma Wealth Management LLC purchased a new stake in shares of Zscaler in the 4th quarter worth $39,000. Quantamental Technologies LLC purchased a new stake in shares of Zscaler in the 4th quarter worth $39,000. Acadian Asset Management LLC increased its stake in shares of Zscaler by 561.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,230 shares of the company’s stock worth $48,000 after purchasing an additional 1,044 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Zscaler in the 4th quarter worth $51,000. Finally, Bank of Montreal Can increased its stake in shares of Zscaler by 2,242.7% in the 4th quarter. Bank of Montreal Can now owns 2,249 shares of the company’s stock worth $88,000 after purchasing an additional 2,153 shares in the last quarter. Hedge funds and other institutional investors own 24.63% of the company’s stock.

Shares of ZS traded up $0.13 during mid-day trading on Monday, reaching $48.59. The company had a trading volume of 1,122,756 shares, compared to its average volume of 1,440,408. The stock has a market cap of $5.94 billion and a P/E ratio of -156.74. Zscaler has a 52 week low of $24.76 and a 52 week high of $49.95.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, December 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $63.30 million during the quarter, compared to analyst estimates of $58.66 million. The company’s revenue was up 58.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Zscaler will post -0.27 EPS for the current fiscal year.

About Zscaler

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.

Read More: Understanding Specialty Certificates of Deposit

Analyst Recommendations for Zscaler (NASDAQ:ZS)

Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Bank of The West Decreases Holdings in Invesco Ltd.
Bank of The West Decreases Holdings in Invesco Ltd.
Catalyst Capital Advisors LLC Trims Stake in Kohl’s Co.
Catalyst Capital Advisors LLC Trims Stake in Kohl’s Co.
Century Communities Inc  Shares Sold by Crown Advisors Management Inc.
Century Communities Inc Shares Sold by Crown Advisors Management Inc.
Crown Advisors Management Inc. Sells 15,000 Shares of LGI Homes Inc
Crown Advisors Management Inc. Sells 15,000 Shares of LGI Homes Inc
Caldera Capital LLC Has $2.94 Million Position in CROWN CASTLE IN/SH SH
Caldera Capital LLC Has $2.94 Million Position in CROWN CASTLE IN/SH SH
Orbis Token  Hits Market Cap of $145,138.00
Orbis Token Hits Market Cap of $145,138.00


Leave a Reply

© 2006-2019 Ticker Report