Zendesk, Inc. (ZEN) Stock Rating Reaffirmed by UBS AG

UBS AG reaffirmed their neutral rating on shares of Zendesk, Inc. (NYSE:ZEN) in a research note published on Thursday, 99wallstreet.com reports. They currently have a $38.00 price target on the software maker’s stock, up from their previous price target of $37.00.

Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded Zendesk from a strong-buy rating to a buy rating in a research report on Thursday, August 10th. Morgan Stanley lifted their target price on Zendesk from $33.00 to $35.00 and gave the company an overweight rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded Zendesk from a hold rating to a buy rating and set a $33.00 target price on the stock in a research report on Thursday, October 5th. KeyCorp restated a buy rating and issued a $35.00 target price on shares of Zendesk in a research report on Sunday, October 15th. Finally, Piper Jaffray Companies set a $33.00 target price on Zendesk and gave the company a buy rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Zendesk presently has a consensus rating of Buy and a consensus price target of $34.13.

Zendesk (NYSE ZEN) opened at $35.27 on Thursday. Zendesk has a 12 month low of $19.77 and a 12 month high of $35.89.

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

TRADEMARK VIOLATION WARNING: “Zendesk, Inc. (ZEN) Stock Rating Reaffirmed by UBS AG” was published by BBNS and is the sole property of of BBNS. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://baseballnewssource.com/markets/zendesk-inc-zen-stock-rating-reaffirmed-by-ubs-ag/1770044.html.

In related news, SVP John Geschke sold 30,200 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $34.36, for a total value of $1,037,672.00. Following the sale, the senior vice president now owns 16,195 shares in the company, valued at approximately $556,460.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adrian Mcdermott sold 1,766 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $26.42, for a total value of $46,657.72. Following the completion of the sale, the insider now owns 80,435 shares in the company, valued at approximately $2,125,092.70. The disclosure for this sale can be found here. Insiders sold a total of 64,178 shares of company stock worth $2,098,016 in the last quarter. Company insiders own 5.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC increased its holdings in Zendesk by 2.0% during the 2nd quarter. FMR LLC now owns 14,844,224 shares of the software maker’s stock worth $412,372,000 after purchasing an additional 293,055 shares during the period. BlackRock Inc. increased its holdings in Zendesk by 54.9% during the 2nd quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock worth $245,450,000 after purchasing an additional 3,133,287 shares during the period. Vanguard Group Inc. increased its holdings in Zendesk by 10.9% during the 2nd quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock worth $204,615,000 after purchasing an additional 721,652 shares during the period. Franklin Resources Inc. increased its holdings in Zendesk by 1.6% during the 2nd quarter. Franklin Resources Inc. now owns 5,119,444 shares of the software maker’s stock worth $142,213,000 after purchasing an additional 79,039 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in Zendesk during the 2nd quarter worth about $137,975,000. Institutional investors own 95.49% of the company’s stock.

About Zendesk

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

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.