Zendesk, Inc. (ZEN) PT Raised to $38.00 at Morgan Stanley

Zendesk, Inc. (NYSE:ZEN) had its target price hoisted by Morgan Stanley from $35.00 to $38.00 in a research report report published on Thursday, November 2nd. They currently have an overweight rating on the software maker’s stock.

ZEN has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed a buy rating and set a $35.00 price target on shares of Zendesk in a research note on Wednesday, October 18th. Evercore ISI assumed coverage on shares of Zendesk in a research note on Friday, September 8th. They set an outperform rating and a $34.00 price target on the stock. Zacks Investment Research downgraded shares of Zendesk from a hold rating to a sell rating in a report on Wednesday, August 9th. KeyCorp reissued a buy rating and issued a $35.00 price objective on shares of Zendesk in a research note on Friday, August 4th. Finally, Wells Fargo & Company reiterated an outperform rating and issued a $40.00 price target (up previously from $32.00) on shares of Zendesk in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $34.13.

Zendesk (NYSE:ZEN) traded up $0.05 during trading on Thursday, hitting $34.68. 917,881 shares of the stock were exchanged, compared to its average volume of 1,059,152. Zendesk has a 12-month low of $19.77 and a 12-month high of $35.89.

Zendesk (NYSE:ZEN) last posted its earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The firm had revenue of $112.79 million for the quarter, compared to the consensus estimate of $109.19 million. During the same period in the previous year, the firm posted ($0.04) EPS. The business’s quarterly revenue was up 39.7% on a year-over-year basis. research analysts anticipate that Zendesk will post -1.03 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Zendesk, Inc. (ZEN) PT Raised to $38.00 at Morgan Stanley” was first posted by BBNS and is the property of of BBNS. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://baseballnewssource.com/markets/zendesk-inc-zen-price-target-increased-to-38-00-by-analysts-at-morgan-stanley/1750784.html.

In related news, SVP John Geschke sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $29.33, for a total transaction of $293,300.00. Following the completion of the sale, the senior vice president now owns 20,595 shares of the company’s stock, valued at $604,051.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Caryn Marooney sold 1,693 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.35, for a total transaction of $46,303.55. Following the sale, the director now directly owns 56,061 shares of the company’s stock, valued at approximately $1,533,268.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,040 shares of company stock worth $4,990,954. 5.30% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in Zendesk by 2.5% in the first quarter. Principal Financial Group Inc. now owns 11,605 shares of the software maker’s stock worth $325,000 after acquiring an additional 283 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Zendesk by 3.8% in the 2nd quarter. Parallel Advisors LLC now owns 8,275 shares of the software maker’s stock valued at $243,000 after purchasing an additional 300 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Zendesk by 8.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock valued at $111,000 after acquiring an additional 323 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Zendesk by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock valued at $108,000 after acquiring an additional 352 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Zendesk by 3.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 31,429 shares of the software maker’s stock valued at $873,000 after buying an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Zendesk Company Profile

Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.

Analyst Recommendations for Zendesk (NYSE:ZEN)

Receive News & Ratings for Zendesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.