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

JMP Securities reiterated their market outperform rating on shares of Zscaler (NASDAQ:ZS - Free Report) in a research report report published on Monday, Benzinga reports. They currently have a $270.00 price objective on the stock.

A number of other equities analysts have also issued reports on the stock. Scotiabank reduced their target price on shares of Zscaler from $250.00 to $210.00 and set a sector outperform rating on the stock in a research report on Friday, May 31st. Sanford C. Bernstein reduced their target price on shares of Zscaler from $280.00 to $270.00 and set an outperform rating on the stock in a research report on Friday, May 31st. KeyCorp upgraded shares of Zscaler from a sector weight rating to an overweight rating and set a $220.00 price objective on the stock in a report on Thursday, April 18th. BTIG Research cut their price objective on shares of Zscaler from $258.00 to $220.00 and set a buy rating on the stock in a report on Friday, May 31st. Finally, Rosenblatt Securities restated a neutral rating and issued a $190.00 price objective on shares of Zscaler in a report on Tuesday, May 28th. Six analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $225.21.

Zscaler Price Performance

Zscaler stock traded up $0.16 during trading hours on Monday, hitting $184.38. 1,776,165 shares of the stock were exchanged, compared to its average volume of 2,257,274. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $27.87 billion, a P/E ratio of -359.45 and a beta of 0.85. Zscaler has a 12 month low of $131.59 and a 12 month high of $259.61. The business's 50-day moving average is $176.12 and its two-hundred day moving average is $204.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ZS. Jones Financial Companies Lllp acquired a new position in shares of Zscaler during the 4th quarter valued at $29,000. Parkside Financial Bank & Trust lifted its position in shares of Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company's stock valued at $35,000 after acquiring an additional 134 shares during the period. GAMMA Investing LLC acquired a new position in shares of Zscaler during the 4th quarter valued at $37,000. Quadrant Capital Group LLC lifted its position in shares of Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company's stock valued at $39,000 after acquiring an additional 70 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company's stock valued at $46,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds 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.