Zendesk, Inc. (NYSE:ZEN) has been given a consensus rating of “Buy” by the sixteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $33.56.
ZEN has been the subject of several research reports. Piper Jaffray Companies reissued a “buy” rating and set a $33.00 price objective on shares of Zendesk in a research report on Tuesday. KeyCorp reaffirmed a “buy” rating and issued a $35.00 target price on shares of Zendesk in a research report on Friday, August 25th. BidaskClub downgraded shares of Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. Finally, Zacks Investment Research raised shares of Zendesk from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th.
In other news, insider Adrian Mcdermott sold 1,766 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $27.61, for a total transaction of $48,759.26. Following the completion of the sale, the insider now owns 80,145 shares in the company, valued at approximately $2,212,803.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Caryn Marooney sold 1,693 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.10, for a total transaction of $50,959.30. Following the sale, the director now owns 53,948 shares of the company’s stock, valued at approximately $1,623,834.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,085 shares of company stock valued at $3,587,804. Corporate insiders own 5.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Zendesk by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 11,605 shares of the software maker’s stock worth $325,000 after buying an additional 283 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Zendesk by 3.8% during the 2nd quarter. Parallel Advisors LLC now owns 8,275 shares of the software maker’s stock worth $243,000 after buying an additional 300 shares during the last quarter. Oppenheimer Asset Management Inc. lifted 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 worth $111,000 after buying an additional 323 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Zendesk by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock worth $108,000 after buying an additional 352 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted 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 worth $873,000 after buying an additional 950 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.
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Shares of Zendesk (NYSE ZEN) traded down 1.34% during midday trading on Friday, hitting $28.66. 1,625,236 shares of the company’s stock were exchanged. The company has a 50-day moving average of $27.70 and a 200-day moving average of $27.64. Zendesk has a 52 week low of $19.77 and a 52 week high of $31.36. The firm’s market cap is $2.88 billion.
Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.47 million. During the same period in the prior year, the company earned ($0.06) EPS. The firm’s revenue was up 36.5% on a year-over-year basis. Equities research analysts expect that Zendesk will post ($0.17) EPS for the current fiscal year.
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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