Shares of Zendesk Inc (NYSE:ZEN) have earned an average rating of “Buy” from the fifteen analysts that are covering the firm. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $32.80.
ZEN has been the topic of several research analyst reports. Zacks Investment Research downgraded Zendesk from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. William Blair restated an “outperform” rating on shares of Zendesk in a research report on Monday, January 30th. Cowen and Company boosted their price objective on Zendesk from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $32.00 target price on shares of Zendesk in a report on Friday, February 24th. Finally, Stifel Nicolaus lifted their target price on Zendesk from $28.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, February 9th.
In related news, Chairman Mikkel Svane sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $24.64, for a total value of $1,232,000.00. Following the completion of the sale, the chairman now owns 1,824,700 shares in the company, valued at $44,960,608. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adrian Mcdermott sold 1,766 shares of the company’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $27.58, for a total value of $48,706.28. Following the sale, the insider now owns 80,000 shares of the company’s stock, valued at approximately $2,206,400. The disclosure for this sale can be found here. Insiders sold 55,152 shares of company stock valued at $1,367,523 in the last quarter. 17.00% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Zendesk by 1.7% in the third quarter. BlackRock Inc. now owns 7,809 shares of the software maker’s stock worth $240,000 after buying an additional 134 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Zendesk by 2.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 32,300 shares of the software maker’s stock worth $685,000 after buying an additional 670 shares in the last quarter. Swiss National Bank raised its stake in Zendesk by 0.8% in the third quarter. Swiss National Bank now owns 118,752 shares of the software maker’s stock worth $3,647,000 after buying an additional 1,000 shares in the last quarter. Teachers Advisors LLC raised its stake in Zendesk by 0.8% in the third quarter. Teachers Advisors LLC now owns 128,968 shares of the software maker’s stock worth $3,961,000 after buying an additional 1,062 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Zendesk by 0.8% in the third quarter. California State Teachers Retirement System now owns 171,880 shares of the software maker’s stock worth $5,278,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 87.19% of the company’s stock.
Zendesk (NYSE:ZEN) traded down 0.39% during midday trading on Wednesday, hitting $28.26. The stock had a trading volume of 1,039,817 shares. The stock’s market capitalization is $2.74 billion. Zendesk has a 1-year low of $19.77 and a 1-year high of $31.88. The stock’s 50-day moving average is $27.49 and its 200-day moving average is $25.31.
Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Wednesday, February 8th. The software maker reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. Zendesk had a negative return on equity of 32.71% and a negative net margin of 33.27%. The business had revenue of $88.60 million for the quarter, compared to the consensus estimate of $87.36 million. During the same period in the previous year, the business earned ($0.07) earnings per share. The business’s revenue was up 41.5% on a year-over-year basis. On average, equities research analysts anticipate that Zendesk will post ($0.17) EPS for the current fiscal year.
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.
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