Zendesk, Inc. (NYSE:ZEN)‘s stock had its “buy” rating reaffirmed by research analysts at KeyCorp in a research report issued on Sunday, October 15th. They currently have a $35.00 price objective on the software maker’s stock. KeyCorp’s price target would indicate a potential upside of 15.97% from the company’s previous close.
ZEN has been the topic of several other reports. ValuEngine lowered Zendesk from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Piper Jaffray Companies set a $33.00 target price on Zendesk and gave the stock a “buy” rating in a report on Saturday, August 5th. BidaskClub lowered Zendesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded Zendesk from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. Zendesk presently has a consensus rating of “Buy” and an average price target of $32.86.
Zendesk (ZEN) opened at 30.18 on Friday. The company has a 50-day moving average of $29.28 and a 200 day moving average of $28.07. Zendesk has a 52 week low of $19.77 and a 52 week high of $31.95. The firm’s market cap is $3.03 billion.
Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $99.47 million. During the same period last year, the firm earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 36.5% on a year-over-year basis. On average, equities analysts predict that Zendesk will post ($0.17) earnings per share for the current year.
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In related news, SVP John Geschke sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $29.33, for a total value of $293,300.00. Following the transaction, the senior vice president now owns 20,595 shares of the company’s stock, valued at approximately $604,051.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Adrian Mcdermott sold 1,766 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $26.42, for a total transaction of $46,657.72. Following the completion of the transaction, the insider now directly owns 80,435 shares in the company, valued at approximately $2,125,092.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,516 shares of company stock valued at $2,480,779. Company insiders own 5.30% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new stake in shares of Zendesk in the 1st quarter worth approximately $103,000. Advisor Group Inc. raised its holdings in shares of Zendesk by 44.3% in the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock worth $103,000 after purchasing an additional 1,137 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Zendesk by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock worth $108,000 after purchasing an additional 352 shares during the period. Fortaleza Asset Management Inc. bought a new stake in shares of Zendesk in the 2nd quarter worth approximately $115,000. Finally, Independent Portfolio Consultants Inc. purchased a new position in Zendesk in the 2nd quarter valued at approximately $153,000. 95.97% of the stock is currently owned by institutional investors.
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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