Zscaler (NASDAQ:ZS) PT Raised to $175.00


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Zscaler (NASDAQ:ZS) had its target price raised by stock analysts at Truist from $130.00 to $175.00 in a research report issued on Tuesday, The Fly reports. Truist’s price objective indicates a potential downside of 15.49% from the stock’s current price.

Several other research analysts also recently commented on ZS. Royal Bank of Canada lifted their price target on Zscaler from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, November 30th. BMO Capital Markets lifted their price target on Zscaler from $155.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 2nd. Pritchard Capital lifted their price target on Zscaler from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, December 3rd. Zacks Investment Research downgraded Zscaler from a “buy” rating to a “hold” rating and set a $197.00 price target on the stock. in a research report on Saturday, December 19th. Finally, Loop Capital lifted their price target on Zscaler from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, December 3rd. Eleven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $168.88.

NASDAQ:ZS opened at $207.08 on Tuesday. The business’s 50-day moving average price is $185.25 and its 200 day moving average price is $146.72. The firm has a market cap of $27.79 billion, a P/E ratio of -232.67 and a beta of 0.79. Zscaler has a 52-week low of $35.00 and a 52-week high of $214.83. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 1.78.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, December 1st. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. Zscaler had a negative return on equity of 24.33% and a negative net margin of 26.69%. The business had revenue of $142.60 million during the quarter, compared to analyst estimates of $132.29 million. During the same quarter last year, the company posted $0.03 EPS. Zscaler’s revenue for the quarter was up 52.4% on a year-over-year basis. Sell-side analysts expect that Zscaler will post -1.56 EPS for the current year.

In other Zscaler news, major shareholder Ajay Mangal sold 75,000 shares of the business’s stock in a transaction on Thursday, December 24th. The stock was sold at an average price of $206.22, for a total value of $15,466,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Karen Blasing sold 3,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $134.87, for a total value of $404,610.00. Following the completion of the transaction, the director now directly owns 4,637 shares in the company, valued at approximately $625,392.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 290,540 shares of company stock worth $56,071,621. 23.80% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc boosted its stake in Zscaler by 2.5% in the third quarter. CIBC Asset Management Inc now owns 4,671 shares of the company’s stock worth $657,000 after purchasing an additional 115 shares in the last quarter. Scout Investments Inc. raised its position in shares of Zscaler by 28.6% during the fourth quarter. Scout Investments Inc. now owns 138,182 shares of the company’s stock worth $27,596,000 after acquiring an additional 30,735 shares during the last quarter. Standard Life Aberdeen plc bought a new stake in shares of Zscaler during the third quarter worth $1,009,000. Stifel Financial Corp raised its position in shares of Zscaler by 0.4% during the second quarter. Stifel Financial Corp now owns 27,394 shares of the company’s stock worth $3,000,000 after acquiring an additional 110 shares during the last quarter. Finally, Kessler Investment Group LLC bought a new stake in shares of Zscaler during the third quarter worth $157,000. 42.24% of the stock is currently owned by institutional investors.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, internet of things, and device 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 internally managed applications, either hosted internally in data centers, and private or public clouds.

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