Wall Street analysts expect Zendesk, Inc. (NYSE:ZEN) to announce $119.60 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Zendesk’s earnings, with the lowest sales estimate coming in at $119.20 million and the highest estimate coming in at $120.00 million. Zendesk posted sales of $88.62 million in the same quarter last year, which suggests a positive year-over-year growth rate of 35%. The firm is expected to issue its next earnings results on Wednesday, February 14th.

On average, analysts expect that Zendesk will report full-year sales of $119.60 million for the current financial year, with estimates ranging from $422.30 million to $427.07 million. For the next year, analysts forecast that the business will report sales of $555.19 million per share, with estimates ranging from $549.00 million to $570.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Zendesk.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. The company had revenue of $112.79 million during the quarter, compared to analysts’ expectations of $109.19 million. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. Zendesk’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) earnings per share.

ZEN has been the subject of a number of recent research reports. UBS restated a “neutral” rating and issued a $38.00 price objective (up from $37.00) on shares of Zendesk in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Stifel Nicolaus restated a “neutral” rating on shares of Zendesk in a report on Friday, November 3rd. Canaccord Genuity upped their price target on shares of Zendesk from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley upped their price target on shares of Zendesk from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $34.13.

In other Zendesk news, insider Adrian Mcdermott sold 1,766 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $28.87, for a total transaction of $50,984.42. Following the completion of the sale, the insider now directly owns 80,581 shares of the company’s stock, valued at approximately $2,326,373.47. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elena Gomez sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $28.87, for a total transaction of $34,644.00. Following the sale, the chief financial officer now directly owns 3,620 shares of the company’s stock, valued at $104,509.40. The disclosure for this sale can be found here. Insiders have sold a total of 153,426 shares of company stock worth $5,227,416 over the last three months. 5.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ZEN. Teachers Advisors LLC grew its stake in shares of Zendesk by 6.5% in the 1st quarter. Teachers Advisors LLC now owns 141,368 shares of the software maker’s stock valued at $3,964,000 after purchasing an additional 8,644 shares during the last quarter. Strs Ohio lifted its stake in shares of Zendesk by 6.1% in the second quarter. Strs Ohio now owns 46,900 shares of the software maker’s stock worth $1,302,000 after acquiring an additional 2,700 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Zendesk in the second quarter worth about $380,000. Suffolk Capital Management LLC raised its stake in Zendesk by 4.9% during the second quarter. Suffolk Capital Management LLC now owns 57,808 shares of the software maker’s stock valued at $1,606,000 after buying an additional 2,685 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in Zendesk during the second quarter valued at approximately $425,000. 95.68% of the stock is owned by institutional investors and hedge funds.

Zendesk (NYSE ZEN) traded down $0.22 during mid-day trading on Monday, reaching $33.39. 1,185,600 shares of the company’s stock were exchanged, compared to its average volume of 1,053,331. Zendesk has a fifty-two week low of $19.81 and a fifty-two week high of $35.89.

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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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