Zscaler (NASDAQ:ZS) Receives “Market Outperform” Rating from JMP Securities

Zscaler (NASDAQ:ZSGet Free Report)‘s stock had its “market outperform” rating reaffirmed by investment analysts at JMP Securities in a report released on Monday, Benzinga reports. They currently have a $270.00 price objective on the stock. JMP Securities’ price target would indicate a potential upside of 50.49% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Cantor Fitzgerald cut their price objective on shares of Zscaler from $230.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Mizuho cut their price objective on shares of Zscaler from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Needham & Company LLC reiterated a “strong-buy” rating and issued a $290.00 price objective on shares of Zscaler in a report on Friday, June 14th. Robert W. Baird cut their price objective on shares of Zscaler from $265.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $208.00 price objective on shares of Zscaler in a report on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.21.

Get Our Latest Report on Zscaler

Zscaler Stock Performance

NASDAQ:ZS opened at $179.41 on Monday. Zscaler has a twelve month low of $131.59 and a twelve month high of $259.61. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $27.12 billion, a price-to-earnings ratio of -355.43 and a beta of 0.85. The firm’s fifty day simple moving average is $176.13 and its 200 day simple moving average is $203.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Zscaler in the 4th quarter worth about $29,000. Parkside Financial Bank & Trust lifted its stake in shares of Zscaler by 582.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after acquiring an additional 134 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Zscaler in the 4th quarter worth approximately $37,000. Quadrant Capital Group LLC lifted its stake in shares of Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after acquiring an additional 70 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Zscaler by 109.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after acquiring an additional 109 shares during the period. Institutional investors own 46.45% of the company’s stock.

Zscaler Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Zscaler (NASDAQ:ZS)

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