Zendesk’s (ZEN) Neutral Rating Reiterated at Stifel Nicolaus
Zendesk, Inc. (NYSE:ZEN)‘s stock had its “neutral” rating reissued by equities researchers at Stifel Nicolaus in a report released on Friday.
Several other equities analysts have also issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $35.00 target price on shares of Zendesk in a report on Wednesday, October 18th. Zacks Investment Research lowered Zendesk from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Evercore ISI began coverage on Zendesk in a report on Friday, September 8th. They issued an “outperform” rating and a $34.00 target price for the company. KeyCorp reaffirmed a “buy” rating and issued a $35.00 target price on shares of Zendesk in a report on Friday, August 4th. Finally, Stephens lowered Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 target price for the company. in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Zendesk presently has an average rating of “Buy” and a consensus price target of $33.80.
Shares of Zendesk (NYSE ZEN) traded up $3.36 on Friday, reaching $33.97. The company’s stock had a trading volume of 1,890,837 shares, compared to its average volume of 953,794.
Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $112.79 million during the quarter, compared to analyst estimates of $109.19 million. Zendesk had a negative return on equity of 32.55% and a negative net margin of 27.43%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. equities analysts anticipate that Zendesk will post -1.07 EPS for the current year.
In other Zendesk news, CRO Bryan Cox sold 5,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $26.98, for a total transaction of $134,900.00. Following the sale, the executive now owns 19,743 shares in the company, valued at $532,666.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adrian Mcdermott sold 1,767 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $30.10, for a total value of $53,186.70. Following the completion of the sale, the insider now owns 80,726 shares in the company, valued at approximately $2,429,852.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,823 shares of company stock worth $2,429,819. Company insiders own 5.30% of the company’s stock.
Several hedge funds have recently modified their holdings of ZEN. Oppenheimer Asset Management Inc. purchased a new stake in shares of Zendesk in the first quarter worth $103,000. Advisor Group Inc. raised its position in shares of Zendesk by 44.3% in the second quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock worth $103,000 after buying an additional 1,137 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Zendesk in the third quarter worth $105,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Zendesk by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock worth $108,000 after buying an additional 352 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new stake in shares of Zendesk in the second quarter worth $115,000. Institutional investors own 96.23% of the company’s stock.
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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