Zendesk (NYSE:ZEN) had its price target boosted by Stifel Nicolaus from $33.00 to $38.00 in a research report report published on Wednesday morning, MarketBeat Ratings reports. They currently have a hold rating on the software maker’s stock.

Several other equities research analysts also recently weighed in on ZEN. KeyCorp reissued a buy rating and issued a $35.00 target price on shares of Zendesk in a research report on Sunday, October 15th. Royal Bank of Canada reissued a buy rating and issued a $35.00 target price on shares of Zendesk in a research report on Wednesday, October 18th. Morgan Stanley boosted their target price on shares of Zendesk from $33.00 to $35.00 and gave the stock an overweight rating in a research report on Monday, October 23rd. Wells Fargo & Co reissued an outperform rating and issued a $40.00 target price (up previously from $32.00) on shares of Zendesk in a research report on Thursday, November 2nd. Finally, Canaccord Genuity lifted their price target on shares of Zendesk from $34.00 to $36.00 and gave the company a buy rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $40.31.

Shares of Zendesk (ZEN) opened at $39.10 on Wednesday. The firm has a market cap of $4,107.99, a PE ratio of -35.23 and a beta of 1.87. Zendesk has a 1 year low of $24.49 and a 1 year high of $42.35.

Zendesk (NYSE:ZEN) last released its earnings results on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The company had revenue of $123.43 million during the quarter, compared to the consensus estimate of $119.68 million. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.88%. The company’s revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. sell-side analysts anticipate that Zendesk will post -1.07 earnings per share for the current year.

In other Zendesk news, insider Adrian Mcdermott sold 1,593 shares of the business’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 completion of the transaction, the insider now directly owns 81,081 shares of the company’s stock, valued at approximately $2,940,807.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Geschke sold 9,727 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $35.09, for a total transaction of $341,320.43. Following the transaction, the senior vice president now directly owns 16,195 shares of the company’s stock, valued at $568,282.55. The disclosure for this sale can be found here. Insiders sold a total of 101,426 shares of company stock valued at $3,543,308 over the last ninety days. Company insiders own 5.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ZEN. Advisor Group Inc. boosted its stake in Zendesk by 44.3% during the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after purchasing an additional 1,137 shares during the period. Canada Pension Plan Investment Board acquired a new position in Zendesk during the 3rd quarter valued at about $105,000. Cerebellum GP LLC acquired a new position in Zendesk during the 4th quarter valued at about $132,000. SG Americas Securities LLC acquired a new position in Zendesk during the 3rd quarter valued at about $193,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Zendesk by 47.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock valued at $194,000 after purchasing an additional 1,836 shares during the period. 93.94% of the stock is owned by hedge funds and other institutional investors.

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About Zendesk

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.

Analyst Recommendations for Zendesk (NYSE:ZEN)

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