Zscaler’s (ZS) “Neutral” Rating Reaffirmed at Cantor Fitzgerald

Zscaler (NASDAQ:ZS)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They presently have a $200.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 3.48% from the company’s current price.

A number of other equities research analysts have also recently commented on ZS. Barclays raised their target price on shares of Zscaler from $205.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Rosenblatt Securities reiterated a “neutral” rating and set a $190.00 target price on shares of Zscaler in a research report on Tuesday, May 28th. Morgan Stanley decreased their target price on Zscaler from $214.00 to $202.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Loop Capital lowered their price objective on shares of Zscaler from $225.00 to $180.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Finally, Scotiabank lowered their price objective on shares of Zscaler from $250.00 to $210.00 and set a “sector outperform” rating for the company in a research note on Friday, May 31st. Eight analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.21.

Zscaler Stock Up 0.2 %

ZS stock traded up $0.37 during trading on Monday, hitting $193.27. 546,773 shares of the stock traded hands, compared to its average volume of 2,114,880. Zscaler has a 1 year low of $139.20 and a 1 year high of $259.61. The firm’s 50 day moving average is $185.75 and its two-hundred day moving average is $192.84. The stock has a market cap of $29.21 billion, a price-to-earnings ratio of -377.94 and a beta of 0.85. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, May 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.39. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. The business had revenue of $553.20 million for the quarter, compared to analysts’ expectations of $535.55 million. On average, sell-side analysts anticipate that Zscaler will post -0.32 EPS for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Remo Canessa sold 4,689 shares of Zscaler stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $180.93, for a total value of $848,380.77. Following the completion of the transaction, the chief financial officer now directly owns 251,467 shares of the company’s stock, valued at approximately $45,497,924.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 19.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zscaler

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quest Partners LLC purchased a new position in shares of Zscaler in the 2nd quarter valued at about $28,000. Jones Financial Companies Lllp purchased a new stake in Zscaler during the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust lifted its stake in Zscaler by 582.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Zscaler during the fourth quarter worth approximately $37,000. Finally, Quadrant Capital Group LLC lifted its stake in Zscaler by 66.7% during the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Company Profile

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.