Wall Street brokerages expect that Zendesk Inc (NYSE:ZEN) will post ($0.04) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Zendesk’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.05). Zendesk also posted earnings of ($0.04) per share in the same quarter last year. The firm is expected to issue its next earnings results on Wednesday, February 14th.

On average, analysts expect that Zendesk will report full year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.18) to ($0.15). For the next financial year, analysts expect that the business will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.12) to $0.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Zendesk.

Zendesk (NYSE:ZEN) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. 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 firm earned ($0.04) EPS. The business’s revenue was up 39.7% on a year-over-year basis.

ZEN has been the topic of several analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price target on shares of Zendesk in a research report on Wednesday, October 18th. Evercore ISI initiated coverage on shares of Zendesk in a research report on Friday, September 8th. They set an “outperform” rating and a $34.00 price target on the stock. Zacks Investment Research lowered shares of Zendesk from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Wells Fargo & Co reiterated an “outperform” rating and set a $40.00 price target (up previously from $32.00) on shares of Zendesk in a research report on Thursday, November 2nd. Finally, Stephens lowered shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 price target on the stock. in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Zendesk has a consensus rating of “Buy” and an average price target of $34.13.

Shares of Zendesk (ZEN) traded up $0.12 on Friday, hitting $34.97. 490,286 shares of the stock traded hands, compared to its average volume of 657,900. The company has a market capitalization of $3,540.00, a PE ratio of -31.79 and a beta of 1.83. Zendesk has a 12 month low of $22.18 and a 12 month high of $35.89.

In related news, CFO Elena Gomez sold 1,200 shares of Zendesk stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $33.66, for a total transaction of $40,392.00. Following the completion of the transaction, the chief financial officer now owns 2,535 shares of the company’s stock, valued at $85,328.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adrian Mcdermott sold 1,767 shares of Zendesk stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $30.10, for a total transaction of $53,186.70. Following the transaction, the insider now directly owns 80,726 shares of the company’s stock, valued at approximately $2,429,852.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,013 shares of company stock worth $5,106,289. 5.30% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its position in shares of Zendesk by 8.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock worth $111,000 after acquiring an additional 323 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Zendesk by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock worth $108,000 after acquiring an additional 352 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Zendesk by 3.1% during the second quarter. Neuberger Berman Group LLC now owns 31,429 shares of the software maker’s stock worth $873,000 after acquiring an additional 950 shares in the last quarter. Advisor Group Inc. increased its position in shares of Zendesk by 44.3% during the second quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock worth $103,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Zendesk by 21.7% during the second quarter. Ameritas Investment Partners Inc. now owns 8,533 shares of the software maker’s stock worth $237,000 after acquiring an additional 1,521 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

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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.

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