Zscaler (NASDAQ:ZS) PT Lowered to $170.00 at Cantor Fitzgerald

Zscaler (NASDAQ:ZS) had its target price decreased by Cantor Fitzgerald from $200.00 to $170.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the stock. Cantor Fitzgerald also issued estimates for Zscaler’s FY2025 earnings at ($0.69) EPS.

A number of other brokerages also recently weighed in on ZS. Oppenheimer reissued an outperform rating and set a $260.00 target price (down previously from $290.00) on shares of Zscaler in a research note on Friday, May 31st. JPMorgan Chase & Co. raised shares of Zscaler from a neutral rating to an overweight rating and lifted their target price for the stock from $205.00 to $230.00 in a research note on Friday, June 14th. BMO Capital Markets lowered their target price on shares of Zscaler from $208.00 to $197.00 and set an outperform rating for the company in a research note on Wednesday. Loop Capital reduced their price target on shares of Zscaler from $225.00 to $180.00 and set a hold rating for the company in a report on Friday, May 31st. Finally, Robert W. Baird reduced their price target on shares of Zscaler from $260.00 to $225.00 and set an outperform rating for the company in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $218.39.

Zscaler Stock Performance

Shares of Zscaler stock opened at $156.78 on Wednesday. Zscaler has a fifty-two week low of $146.59 and a fifty-two week high of $259.61. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market capitalization of $23.70 billion, a P/E ratio of -307.41 and a beta of 0.82. The company’s 50 day moving average price is $187.65 and its two-hundred day moving average price is $187.65.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.18. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.75%. The firm had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. During the same quarter last year, the firm earned ($0.17) earnings per share. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, equities analysts forecast that Zscaler will post -0.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Zscaler

Several hedge funds have recently added to or reduced their stakes in ZS. Quest Partners LLC bought a new stake in Zscaler in the second quarter worth about $28,000. Jones Financial Companies Lllp bought a new stake in Zscaler in the fourth quarter worth about $29,000. Quadrant Capital Group LLC raised its position in Zscaler by 66.7% in the fourth 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. Asset Dedication LLC raised its position in shares of Zscaler by 436.8% in the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after purchasing an additional 166 shares during the period. Finally, American Capital Advisory LLC bought a new stake in shares of Zscaler in the second quarter valued at approximately $50,000. Institutional investors own 46.45% of the company’s stock.

About Zscaler

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.