Shares of Zendesk Inc (NYSE:ZEN) have been assigned an average recommendation of “Buy” from the fifteen analysts that are presently covering the stock. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $32.80.
Several analysts have issued reports on the stock. Guggenheim assumed coverage on shares of Zendesk in a research note on Wednesday, April 12th. They issued a “buy” rating on the stock. They noted that the move was a valuation call. William Blair reiterated an “outperform” rating on shares of Zendesk in a research note on Monday, April 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $32.00 target price on shares of Zendesk in a research note on Friday, February 24th. Zacks Investment Research cut shares of Zendesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 13th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $30.00 target price on shares of Zendesk in a research note on Friday, January 13th.
In related news, Director Caryn Marooney sold 1,693 shares of the stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $27.78, for a total transaction of $47,031.54. Following the transaction, the director now owns 37,170 shares of the company’s stock, valued at approximately $1,032,582.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adrian Mcdermott sold 1,590 shares of the stock in a transaction on Friday, January 20th. The shares were sold at an average price of $23.75, for a total transaction of $37,762.50. Following the transaction, the insider now directly owns 80,000 shares in the company, valued at approximately $1,900,000. The disclosure for this sale can be found here. Insiders sold a total of 56,742 shares of company stock worth $1,405,286 in the last three months. Insiders own 17.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Zendesk by 1.7% in the third quarter. BlackRock Inc. now owns 7,809 shares of the software maker’s stock valued at $240,000 after buying an additional 134 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Zendesk by 2.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 32,300 shares of the software maker’s stock valued at $685,000 after buying an additional 670 shares in the last quarter. Swiss National Bank raised its position in Zendesk by 0.8% in the third quarter. Swiss National Bank now owns 118,752 shares of the software maker’s stock valued at $3,647,000 after buying an additional 1,000 shares in the last quarter. Teachers Advisors LLC raised its position in Zendesk by 0.8% in the third quarter. Teachers Advisors LLC now owns 128,968 shares of the software maker’s stock valued at $3,961,000 after buying an additional 1,062 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Zendesk by 0.8% in the third quarter. California State Teachers Retirement System now owns 171,880 shares of the software maker’s stock valued at $5,278,000 after buying an additional 1,400 shares in the last quarter. 87.19% of the stock is currently owned by institutional investors.
Shares of Zendesk (NYSE:ZEN) traded up 0.96% during mid-day trading on Monday, hitting $28.37. 752,103 shares of the company’s stock traded hands. The firm has a 50-day moving average of $27.49 and a 200 day moving average of $25.31. The company’s market cap is $2.75 billion. Zendesk has a 52 week low of $19.77 and a 52 week high of $31.88.
Zendesk (NYSE:ZEN) last posted its earnings results on Wednesday, February 8th. The software maker 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 net margin of 33.27% and a negative return on equity of 32.71%. The business had revenue of $88.60 million for the quarter, compared to analysts’ expectations of $87.36 million. During the same period in the prior year, the company posted ($0.07) EPS. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. Equities research analysts predict that Zendesk will post ($0.17) EPS for the current year.
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Zendesk Company Profile
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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