Setting Up Technical Traps: Colony Capital Inc. (CLNY), Zscaler Inc. (ZS)

You should consider shares of Colony Capital Inc. (NYSE:CLNY) and Zscaler Inc. (NASDAQ:ZS) if you are looking for a great stocks to invest in. Starting with the CLNY shares, which traded at $4.96 at the close of the recent session, gaining 1.02%. On Wednesday, the company’s shares shed $0.05 from its value which represented in intraday trading. The stock is now 4.42% higher in year-to-date (YTD) trading. CLNY’s intraday high was $5.055 while its lowest price touched $4.91. The stock’s 52-week high price is $6.21, which means the current price is at -20.13%. In terms of trading activity, the daily trading volume rose to 3014477 against 200-day average trading volume of 2,594,067 shares.

What are analyst forecasts for Colony Capital Inc. (NYSE:CLNY)?

At a consensus rating of 5.00, CLNY is trending as a streaking Strong Buy, as it has been the case a month ago when 1 analysts called it a Strong Buy. Two months ago, 1 analysts recommended, on average, that CLNY stock is a Strong Buy. The Financial company’s shares’ overall bullish trend saw it close lower on Wednesday compared to its opening price of $4.94 on the day.

Forecasts for Colony Capital Inc. (NYSE:CLNY) give the stock a fair value for the growth of 38.0% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $8.00, which means the price per share could rise by nearly $3.04. The price range target is between a low of $5.00 and a high of $8.00. The stock would need to gain by about $38.0 to hit the estimated high or 0.87% from its 12-month low.

The consensus among 3 analysts is that it is a good time for one to Overweight in the Colony Capital Inc. 2 analysts rate CLNY as a Buy, with 0 of 3 analysts rate it as a Sell. 0 have valued the stock as Overweight and 1 have recommended that investors Hold.

Zscaler Inc. (NASDAQ:ZS) adds $0.45 on Wednesday

The ZS stock has risen 29.01% year-to-date and is currently trading at $59.99, which is -33.00% below its 52-week high. The company shares gained 0.76% on the day and have risen nearly 49.79% off a low hit. At current levels, Zscaler Inc. has a valuation of about $333.10M. As of 01/15/20, this stock has risen 18.21% during the week and closed at $59.54 in the previous session. However, recent Zscaler Inc. stock performance shows that ZS shares are 30.47% up over the last month, and 29.33% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are -$0.01, with the trailing 12-month share earnings at -$0.30. The ratio is expected to be down by -31.80% for the current year 2019 and 93.30% for next year. Over the next 5-year period, earnings per share will be 36.50%. But will the ZS stock surprise in the current quarter results, where the $0.03 actual EPS reported on 10/30/2019 surprised by 200.00% or was higher by $0.02 from the estimated $0.01.

Sales Growth to climb 29.20% for the year

How well will Zscaler Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $97.34M and $101.1M in current quarter sales. The consensus estimated for the current quarter is $98.97M from sales. Forecasts for this fiscal year are between $405.73M and $416M and the consensus estimate for sales is at $410.69M.

Who owns shares in Zscaler Inc. (ZS)?

Let’s briefly focus on the share ownership of the Zscaler Inc. (NASDAQ:ZS) stock, where we find that 37.83% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 5.48 million shares or 4.28% of shares outstanding. FMR, LLC and Blackrock Inc. held 5.33 million and 3.74 million representing 4.16% and 2.92% respectively at the close of the last trading session. As of Sep 29, 2019, Nuveen Asset Management accounted for 3.36 million shares at over 159.0 million. This represented 2.63% of shares outstanding. Allianz Asset Management GmbH held 3.18 million shares at over 150.23 million representing 2.48% of shares outstanding.

ZS Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Zscaler Inc. (ZS), a total of 268231 shares have been sold by insiders over the last 6 months while 461771 shares were added in the same time span. On 6/10/2019, Chief Financial Officer by the name Canessa Remo E sold 83071.0 shares worth $6.5 million at the price of $78.38 per share. Filings also show that Apte Manoj sold a total of 58480.0 shares on 8/01/2019 valued at $5.0 million. Since the last insider activity, the company’s share price has dropped -29.64%.