Shares of Zendesk Inc (NYSE:ZEN) have been assigned a consensus rating of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $62.50.

ZEN has been the subject of a number of research reports. Morgan Stanley increased their price target on Zendesk from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, June 27th. JMP Securities increased their price target on Zendesk from $44.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, May 2nd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $65.00 price target on shares of Zendesk in a research note on Wednesday, May 2nd. They noted that the move was a valuation call. Bank of America increased their price target on Zendesk from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Finally, Craig Hallum increased their price target on Zendesk from $45.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, May 18th.

In other news, COO John T. Keiser sold 15,013 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $60.79, for a total transaction of $912,640.27. Following the completion of the sale, the chief operating officer now owns 25,022 shares in the company, valued at approximately $1,521,087.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adrian Mcdermott sold 915 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $55.00, for a total value of $50,325.00. Following the sale, the insider now owns 80,267 shares of the company’s stock, valued at approximately $4,414,685. The disclosure for this sale can be found here. Insiders have sold a total of 46,996 shares of company stock valued at $2,755,706 in the last quarter. Insiders own 4.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. Catalyst Capital Advisors LLC lifted its position in shares of Zendesk by 2,509.9% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,114 shares of the software maker’s stock valued at $115,000 after acquiring an additional 2,033 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Zendesk during the 2nd quarter valued at $180,000. Cerebellum GP LLC acquired a new stake in shares of Zendesk during the 2nd quarter valued at $182,000. Pendal Group Ltd acquired a new stake in shares of Zendesk during the 1st quarter valued at $188,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Zendesk during the 2nd quarter valued at $203,000. Institutional investors own 93.68% of the company’s stock.

Zendesk traded down $0.06, reaching $62.90, on Wednesday, Marketbeat reports. The company’s stock had a trading volume of 1,759,619 shares, compared to its average volume of 1,447,546. Zendesk has a 52 week low of $25.29 and a 52 week high of $64.31. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of -61.07 and a beta of 1.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.74 and a quick ratio of 3.20.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.29. The business had revenue of $141.88 million during the quarter, compared to analyst estimates of $137.96 million. Zendesk had a negative return on equity of 28.60% and a negative net margin of 23.24%. equities analysts anticipate that Zendesk will post -0.94 EPS for the current fiscal year.

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.

Featured Article: Stock Symbols, CUSIP and Other Stock Identifiers

Analyst Recommendations for Zendesk (NYSE:ZEN)

Receive News & Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related companies with MarketBeat.com's FREE daily email newsletter.