Zendesk Sets New 52-Week High at $25.23 (ZEN)
Shares of Zendesk (NYSE:ZEN) reached a new 52-week high on Tuesday , Analyst Ratings Network.com reports. The company traded as high as $25.23 and last traded at $24.98, with a volume of 78,197 shares trading hands. The stock had previously closed at $24.25.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Zendesk in a research note on Wednesday, August 6th. They now have a $19.00 price target on the stock, up previously from $17.00. Separately, analysts at Canaccord Genuity raised their price target on shares of Zendesk from $19.00 to $23.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest reiterated an “outperform” rating on shares of Zendesk in a research note on Wednesday, August 6th. They now have a $22.00 price target on the stock, up previously from $20.00. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.50.
The stock’s 50-day moving average is $18.36 and its 200-day moving average is $17.59. The company’s market cap is $1.802 billion. Zendesk also saw a large growth in short interest in July. As of July 31st, there was short interest totalling 1,327,764 shares, a growth of 44.4% from the July 15th total of 919,384 shares. Approximately 4.4% of the company’s shares are sold short. Based on an average daily trading volume, of 190,383 shares, the days-to-cover ratio is currently 7.0 days.
Zendesk (NYSE:ZEN) last released its earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.18) by $0.02. The company had revenue of $29.50 million for the quarter, compared to the consensus estimate of $25.93 million. The company’s quarterly revenue was up 80.0% on a year-over-year basis. On average, analysts predict that Zendesk will post $-0.70 earnings per share for the current fiscal year.
Zendesk, Inc is a software development company. The Company provides a software-as-a-service (NYSE:ZEN) customer service platform.
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