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.
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.
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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.
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