Zscaler (NASDAQ:ZS) PT Lowered to $225.00

Zscaler (NASDAQ:ZS – Get Rating) had its price objective decreased by Morgan Stanley from $325.00 to $225.00 in a report issued on Thursday, May 19th, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 59.72% from the company’s current price.

ZS has been the topic of several other research reports. UBS Group dropped their target price on shares of Zscaler from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, February 25th. Daiwa Capital Markets upgraded shares of Zscaler from an “underperform” rating to a “buy” rating and boosted their price target for the company from $286.00 to $296.00 in a research report on Tuesday, March 1st. Truist Financial reduced their price target on shares of Zscaler from $335.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, May 10th. Loop Capital cut their target price on shares of Zscaler from $360.00 to $245.00 in a research report on Friday, February 25th. Finally, JMP Securities initiated coverage on shares of Zscaler in a research report on Tuesday, February 22nd. They set a “market perform” rating and a $350.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, Zscaler presently has an average rating of “Buy” and an average target price of $290.53.

NASDAQ:ZS traded up $8.29 during trading hours on Thursday, hitting $140.87. 187,445 shares of the company were exchanged, compared to its average volume of 2,680,416. The stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of -60.08 and a beta of 1.09. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.74. Zscaler has a one year low of $125.12 and a one year high of $376.11. The company has a fifty day simple moving average of $201.28 and a 200 day simple moving average of $253.97.

Zscaler (NASDAQ:ZS – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.03). Zscaler had a negative return on equity of 51.11% and a negative net margin of 38.47%. The business had revenue of $255.56 million for the quarter, compared to analyst estimates of $241.87 million. During the same quarter in the previous year, the business posted ($0.39) earnings per share. The business’s revenue was up 62.7% on a year-over-year basis. Equities research analysts predict that Zscaler will post -2.34 earnings per share for the current fiscal year.

In other Zscaler news, insider Robert Schlossman sold 3,157 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total value of $641,155.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Amit Sinha sold 7,358 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total transaction of $1,494,336.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,779 shares of company stock valued at $7,896,977. Corporate insiders own 20.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in ZS. San Luis Wealth Advisors LLC acquired a new stake in shares of Zscaler in the 1st quarter valued at approximately $30,000. Mascoma Wealth Management LLC acquired a new stake in Zscaler during the 4th quarter valued at $31,000. AlphaCentric Advisors LLC bought a new position in Zscaler during the 4th quarter worth $33,000. JFS Wealth Advisors LLC increased its position in Zscaler by 110.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 105 shares of the company’s stock worth $34,000 after buying an additional 55 shares during the period. Finally, Arlington Partners LLC increased its position in Zscaler by 122.4% during the 1st quarter. Arlington Partners LLC now owns 109 shares of the company’s stock worth $26,000 after buying an additional 60 shares during the period. 43.41% of the stock is owned by institutional investors.

About Zscaler (Get Rating)

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 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 managed applications hosted internally in data centers, and private or public clouds.

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