Shares of Zscaler Inc (NASDAQ:ZS) have been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $58.33.

A number of brokerages have issued reports on ZS. ValuEngine upgraded shares of Zscaler from a “hold” rating to a “buy” rating in a report on Friday, March 1st. UBS Group lifted their price target on shares of Zscaler from $39.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Deutsche Bank lifted their price target on shares of Zscaler from $44.00 to $57.00 and gave the company a “hold” rating in a report on Friday, March 1st. Credit Suisse Group lifted their price target on shares of Zscaler from $46.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, Bank of America reiterated a “neutral” rating and issued a $74.00 price target (up from $62.00) on shares of Zscaler in a report on Tuesday, April 2nd.

In other Zscaler news, EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $67.59, for a total value of $324,905.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Remo Canessa sold 110,000 shares of Zscaler stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $59.42, for a total transaction of $6,536,200.00. The disclosure for this sale can be found here. Insiders sold a total of 533,801 shares of company stock valued at $32,335,205 over the last three months. Corporate insiders own 27.40% of the company’s stock.

Large investors have recently modified their holdings of the business. Tortoise Index Solutions LLC purchased a new position in shares of Zscaler during the 1st quarter worth about $25,000. FTB Advisors Inc. purchased a new position in shares of Zscaler during the 1st quarter worth about $26,000. Nisa Investment Advisors LLC purchased a new position in shares of Zscaler during the 1st quarter worth about $28,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Zscaler by 211.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 700 shares of the company’s stock worth $50,000 after purchasing an additional 475 shares during the period. Finally, Mascoma Wealth Management LLC purchased a new position in shares of Zscaler during the 4th quarter worth about $39,000. 29.97% of the stock is owned by institutional investors and hedge funds.

Shares of ZS stock opened at $72.05 on Wednesday. The firm has a market cap of $8.52 billion, a PE ratio of -232.42 and a beta of 1.22. Zscaler has a one year low of $24.76 and a one year high of $74.59.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Thursday, February 28th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The company had revenue of $74.30 million for the quarter, compared to the consensus estimate of $66.20 million. Zscaler had a negative net margin of 11.06% and a negative return on equity of 8.93%. On average, analysts anticipate that Zscaler will post -0.27 earnings per share for the current fiscal year.

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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