Zendesk (NYSE: ZEN) recently received a number of ratings updates from brokerages and research firms:

  • 8/25/2017 – Zendesk had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $35.00 price target on the stock.
  • 8/16/2017 – Zendesk was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/10/2017 – Zendesk was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/9/2017 – Zendesk was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Zendesk, Inc. is a software development company. It provides a software-as-a-service, or SaaS, customer service platform. The Company offers applications that allow clients to manage incoming support requests from end customers from any Internet connected computer. It provides customer service through its platform in approximately 40 languages to customers in various industries, such as business technology, telecommunications, education/non-profit, consumer technology, media/entertainment, and retail/ecommerce. Zendesk, Inc. is headquartered in San Francisco, California. “
  • 8/5/2017 – Zendesk was given a new $33.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 8/4/2017 – Zendesk had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $35.00 price target on the stock. They wrote, “We maintain our Overweight rating on ZEN and a $35 price target.””
  • 7/21/2017 – Zendesk had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.
  • 7/4/2017 – Zendesk was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Zendesk, Inc. is a software development company. It provides a software-as-a-service, or SaaS, customer service platform. The Company offers applications that allow clients to manage incoming support requests from end customers from any Internet connected computer. It provides customer service through its platform in approximately 40 languages to customers in various industries, such as business technology, telecommunications, education/non-profit, consumer technology, media/entertainment, and retail/ecommerce. Zendesk, Inc. is headquartered in San Francisco, California. “

Shares of Zendesk, Inc. (NYSE:ZEN) traded up 0.861% during trading on Wednesday, hitting $27.525. The stock had a trading volume of 333,982 shares. Zendesk, Inc. has a 12 month low of $19.77 and a 12 month high of $31.88. The stock’s market cap is $2.77 billion. The company’s 50 day moving average price is $28.03 and its 200 day moving average price is $27.55.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.20. The company had revenue of $101.30 million for the quarter, compared to analyst estimates of $99.47 million. Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The company’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS. Equities research analysts expect that Zendesk, Inc. will post ($0.17) earnings per share for the current fiscal year.

In other Zendesk news, insider Adrian Mcdermott sold 1,766 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $26.42, for a total transaction of $46,657.72. Following the transaction, the insider now owns 80,435 shares in the company, valued at $2,125,092.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Elena Gomez sold 1,431 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $27.06, for a total value of $38,722.86. Following the transaction, the chief financial officer now owns 6,157 shares in the company, valued at approximately $166,608.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,392 shares of company stock worth $3,248,201. 5.30% of the stock is currently owned by insiders.

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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