Zendesk’s (NYSE:ZEN) Neutral Rating Reaffirmed at Stifel Nicolaus

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.

ILLEGAL ACTIVITY NOTICE: “Zendesk’s (NYSE:ZEN) Neutral Rating Reaffirmed at Stifel Nicolaus” was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/11/14/stifel-nicolaus-reiterates-neutral-rating-for-zendesk-inc-zen.html.

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.

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)

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

Latest News

Leave a Reply