Equities research analysts expect Zendesk Inc (NYSE:ZEN) to post $137.96 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Zendesk’s earnings. The highest sales estimate is $138.87 million and the lowest is $137.00 million. Zendesk reported sales of $101.27 million in the same quarter last year, which indicates a positive year-over-year growth rate of 36.2%. The company is expected to issue its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that Zendesk will report full-year sales of $572.76 million for the current financial year, with estimates ranging from $568.50 million to $578.38 million. For the next year, analysts expect that the firm will report sales of $741.12 million per share, with estimates ranging from $720.00 million to $767.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Zendesk.
Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, May 1st. The software maker reported ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.05. Zendesk had a negative return on equity of 30.37% and a negative net margin of 24.18%. The business had revenue of $129.79 million for the quarter, compared to analysts’ expectations of $126.76 million.
ZEN has been the topic of several research reports. Piper Jaffray Companies lifted their target price on Zendesk to $60.00 and gave the stock an “overweight” rating in a report on Monday, March 12th. ValuEngine raised Zendesk from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Cowen lifted their target price on Zendesk from $53.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, May 2nd. KeyCorp reaffirmed a “buy” rating and issued a $58.00 target price on shares of Zendesk in a report on Friday, May 18th. Finally, Stifel Nicolaus lifted their target price on Zendesk from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, May 2nd. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $48.13.
In other Zendesk news, CFO Elena Gomez sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $50.00, for a total transaction of $125,000.00. Following the sale, the chief financial officer now directly owns 11,298 shares of the company’s stock, valued at $564,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adrian Mcdermott sold 915 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $55.00, for a total value of $50,325.00. Following the sale, the insider now directly owns 80,267 shares in the company, valued at $4,414,685. The disclosure for this sale can be found here. Insiders have sold 44,101 shares of company stock worth $2,393,848 over the last three months. 4.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. AXA boosted its position in shares of Zendesk by 301.0% during the fourth quarter. AXA now owns 388,975 shares of the software maker’s stock valued at $13,163,000 after buying an additional 291,975 shares during the period. Pier Capital LLC purchased a new position in shares of Zendesk during the fourth quarter valued at approximately $5,465,000. Schwab Charles Investment Management Inc. boosted its position in shares of Zendesk by 10.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 540,022 shares of the software maker’s stock valued at $25,851,000 after buying an additional 52,655 shares during the period. Hunt Lane Capital LP boosted its position in shares of Zendesk by 32.2% during the fourth quarter. Hunt Lane Capital LP now owns 900,000 shares of the software maker’s stock valued at $30,456,000 after buying an additional 219,000 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Zendesk by 33.6% during the fourth quarter. Alliancebernstein L.P. now owns 202,275 shares of the software maker’s stock valued at $6,845,000 after buying an additional 50,865 shares during the period. 93.80% of the stock is currently owned by institutional investors.
Shares of ZEN stock opened at $54.76 on Monday. Zendesk has a 12-month low of $25.09 and a 12-month high of $60.26. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $6.01 billion, a PE ratio of -53.17 and a beta of 1.55.
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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