Brokerages Set Zendesk Inc. (ZEN) PT at $32.21
Zendesk Inc. (NYSE:ZEN) has been given an average rating of “Buy” by the seventeen ratings firms that are currently covering the firm. One analyst has rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $32.21.
ZEN has been the topic of several research analyst reports. Morgan Stanley reaffirmed a “buy” rating on shares of Zendesk in a research note on Sunday, July 17th. Summit Research reaffirmed a “buy” rating and set a $34.00 price objective on shares of Zendesk in a research note on Monday, July 18th. Summit Redstone initiated coverage on Zendesk in a research note on Monday, July 18th. They set a “buy” rating and a $34.00 price objective on the stock. Stifel Nicolaus initiated coverage on Zendesk in a research note on Monday, July 18th. They set a “hold” rating on the stock. Finally, Royal Bank Of Canada raised their price objective on Zendesk from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th.
In other news, Director Caryn Marooney sold 1,693 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $31.19, for a total transaction of $52,804.67. Following the completion of the sale, the director now owns 24,911 shares in the company, valued at $776,974.09. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP John Geschke sold 6,615 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $23.01, for a total value of $152,211.15. Following the sale, the senior vice president now owns 12,705 shares of the company’s stock, valued at approximately $292,342.05. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.
Several large investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Zendesk by 1.1% in the third quarter. Principal Financial Group Inc. now owns 10,982 shares of the company’s stock worth $337,000 after buying an additional 122 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Zendesk by 1.7% in the third quarter. BlackRock Inc. now owns 7,809 shares of the company’s stock worth $240,000 after buying an additional 134 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Zendesk by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 10,338 shares of the company’s stock worth $272,000 after buying an additional 238 shares in the last quarter. Swiss National Bank boosted its stake in shares of Zendesk by 0.8% in the third quarter. Swiss National Bank now owns 118,752 shares of the company’s stock worth $3,647,000 after buying an additional 1,000 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Zendesk by 0.8% in the third quarter. Teachers Advisors LLC now owns 128,968 shares of the company’s stock worth $3,961,000 after buying an additional 1,062 shares in the last quarter. Institutional investors own 83.30% of the company’s stock.
Zendesk (NYSE:ZEN) opened at 24.56 on Friday. Zendesk has a 52 week low of $14.39 and a 52 week high of $31.88. The stock’s market cap is $2.34 billion. The firm has a 50-day moving average price of $27.28 and a 200-day moving average price of $27.51.
Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. Zendesk had a negative return on equity of 32.56% and a negative net margin of 36.27%. The business had revenue of $80.70 million for the quarter. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 44.9% on a year-over-year basis. On average, equities research analysts predict that Zendesk will post ($0.24) EPS for the current year.
Zendesk Company Profile
Zendesk, Inc is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.
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