Zscaler Inc. (NASDAQ: ZS) is -2.15% lower on its value in year-to-date trading and has touched a low of $64.90 and a high of $230.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZS stock was last observed hovering at around $195.93 in the last trading session, with the day’s loss setting it -0.51% off its average median price target of $240.00 for the next 12 months. It is also 24.84% off the consensus price target high of $260.00 offered by 26 analysts, but current levels are 2.29% higher than the price target low of $200.00 for the same period.
Currently trading at $195.42, the stock is 4.99% and 3.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.2 million and changing -0.26% at the moment leaves the stock 17.85% off its SMA200. ZS registered 192.90% gain for a year compared to 6-month gain of 31.15%. The firm has a 50-day simple moving average (SMA 50) of $183.44 and a 200-day simple moving average (SMA200) of $181.30.
The stock witnessed a 17.90% loss in the last 1 month and extending the period to 3 months gives it a -1.91%, and is 5.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.52% over the week and 3.67% over the month.
Zscaler Inc. (ZS) has around 2020 employees, a market worth around $26.53B and $536.00M in sales. Fwd P/E is 318.79. Profit margin for the company is -35.70%. Distance from 52-week low is 201.11% and -15.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.60%).
Zscaler Inc. (ZS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Zscaler Inc. (ZS) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 2.00, where 8 rate it as a Hold and 1 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Zscaler Inc. is expected to release its quarterly report on 06/03/2021 and quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $163.71M over the same period.The EPS is expected to shrink by -283.80% this year, but quarterly earnings will post 48.00% year-over-year.
Zscaler Inc. (ZS) Top Institutional Holders
759 institutions hold shares in Zscaler Inc. (ZS), with 58.4M shares held by insiders accounting for 42.96% while institutional investors hold 76.32% of the company’s shares. The shares outstanding are 135.02M, and float is at 75.84M with Short Float at 6.66%. Institutions hold 43.53% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 6.81 million shares valued at $1.36 billion. The investor’s holdings represent 5.01% of the ZS Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 6.68 million shares valued at $1.33 billion to account for 4.92% of the shares outstanding. The other top investors are Allianz Asset Management GmbH which holds 3.63 million shares representing 2.67% and valued at over $724.77 million, while JP Morgan Chase & Company holds 1.93% of the shares totaling 2.62 million with a market value of $523.46 million.
Zscaler Inc. (ZS) Insider Activity
A total of 173 insider transactions have happened at Zscaler Inc. (ZS) in the last six months, with sales accounting for 149 and purchases happening 24 times. The most recent transaction is an insider sale by BLASING KAREN, the company’s Director. SEC filings show that BLASING KAREN sold 2,000 shares of the company’s common stock on Apr 26 at a price of $193.85 per share for a total of $0.39 million. Following the sale, the insider now owns 1763.0 shares.
Zscaler Inc. disclosed in a document filed with the SEC on Apr 15 that Sinha Amit (President of R&D and CTO) sold a total of 7,000 shares of the company’s common stock. The trade occurred on Apr 15 and was made at $195.24 per share for $1.37 million. Following the transaction, the insider now directly holds 0.27 million shares of the ZS stock.
Still, SEC filings show that on Apr 12, BLASING KAREN (Director) disposed off 2,000 shares at an average price of $187.05 for $0.37 million. The insider now directly holds 1,763 shares of Zscaler Inc. (ZS).