Zendesk, Inc. (NYSE:ZEN)‘s stock had its “neutral” rating reiterated by stock analysts at Stifel Nicolaus in a research note issued to investors on Friday, November 3rd.
Other analysts have also recently issued reports about the stock. Piper Jaffray Companies set a $33.00 price target on shares of Zendesk and gave the company a “buy” rating in a report on Saturday, August 5th. KeyCorp reissued a “buy” rating and set a $35.00 price target on shares of Zendesk in a research report on Friday, August 4th. BidaskClub cut shares of Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $35.00 price target on shares of Zendesk in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $34.13.
Shares of Zendesk (NYSE:ZEN) opened at $34.99 on Friday. Zendesk has a 12 month low of $19.77 and a 12 month high of $35.89.
Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Zendesk had a negative net margin of 24.55% and a negative return on equity of 36.17%. The firm had revenue of $112.79 million for the quarter, compared to analysts’ expectations of $109.19 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. research analysts expect that Zendesk will post -1.03 earnings per share for the current fiscal year.
In related news, SVP John Geschke sold 10,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $29.33, for a total transaction of $293,300.00. Following the sale, the senior vice president now owns 20,595 shares of the company’s stock, valued at $604,051.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Adrian Mcdermott sold 1,766 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $26.42, for a total value of $46,657.72. Following the completion of the sale, the insider now directly owns 80,435 shares in the company, valued at $2,125,092.70. The disclosure for this sale can be found here. Insiders have sold 85,392 shares of company stock valued at $2,854,076 in the last 90 days. Company insiders own 5.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in Zendesk by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 11,605 shares of the software maker’s stock valued at $325,000 after purchasing an additional 283 shares in the last quarter. Parallel Advisors LLC boosted its position in Zendesk by 3.8% during the 2nd quarter. Parallel Advisors LLC now owns 8,275 shares of the software maker’s stock valued at $243,000 after purchasing an additional 300 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Zendesk by 8.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock valued at $111,000 after purchasing an additional 323 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Zendesk by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock valued at $108,000 after purchasing an additional 352 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in Zendesk by 3.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 31,429 shares of the software maker’s stock valued at $873,000 after purchasing an additional 950 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.
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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