Zendesk (ZEN) Sets New 52-Week High and Low at $50.91

Shares of Zendesk Inc (NYSE:ZEN) reached a new 52-week high and low on Wednesday . The company traded as low as $50.91 and last traded at $50.60, with a volume of 524058 shares. The stock had previously closed at $50.46.

A number of research firms recently weighed in on ZEN. Cowen upped their price objective on shares of Zendesk from $39.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Craig Hallum reaffirmed a “buy” rating and issued a $45.00 price objective (up from $37.00) on shares of Zendesk in a research note on Wednesday, February 7th. Guggenheim reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Zendesk in a research note on Wednesday, February 7th. Bank of America upped their price objective on shares of Zendesk from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Piper Jaffray reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Zendesk in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.33.

How to Become a New Pot Stock Millionaire

The stock has a market cap of $5,028.47, a P/E ratio of -48.91 and a beta of 1.51.

Zendesk (NYSE:ZEN) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $123.43 million during the quarter, compared to analyst estimates of $119.68 million. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.48%. The company’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. equities research analysts predict that Zendesk Inc will post -1 EPS for the current fiscal year.

In other news, insider Adrian Mcdermott sold 1,593 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $36.27, for a total transaction of $57,778.11. Following the transaction, the insider now owns 81,081 shares in the company, valued at $2,940,807.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John Geschke sold 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $38.71, for a total transaction of $193,550.00. Following the transaction, the senior vice president now owns 17,193 shares in the company, valued at approximately $665,541.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,943 shares of company stock valued at $7,790,175. Insiders own 4.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Zendesk during the fourth quarter valued at about $132,000. SG Americas Securities LLC acquired a new position in shares of Zendesk during the third quarter valued at about $193,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Zendesk by 47.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock valued at $194,000 after acquiring an additional 1,836 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of Zendesk during the fourth quarter valued at about $210,000. Finally, Invictus RG acquired a new position in shares of Zendesk during the fourth quarter valued at about $268,000. Hedge funds and other institutional investors own 93.22% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Zendesk (ZEN) Sets New 52-Week High and Low at $50.91” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/04/18/zendesk-zen-sets-new-52-week-high-and-low-at-50-91.html.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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

Leave a Reply