Zendesk Sets New 12-Month High at $28.05 (ZEN)
Shares of Zendesk (NYSE:ZEN) reached a new 52-week high during mid-day trading on Tuesday , Analyst RN reports. The company traded as high as $28.05 and last traded at $27.49, with a volume of 78,929 shares trading hands. The stock had previously closed at $27.19.
A number of analysts have recently weighed in on ZEN shares. 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 assigned a buy rating to the company’s stock. Zendesk presently has an average rating of “Hold” and a consensus price target of $20.50.
The stock has a 50-day moving average of $20.65 and a 200-day moving average of $18.58. The company’s market cap is $1.983 billion.
Zendesk (NYSE:ZEN) last posted its quarterly earnings results 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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