Zendesk (NYSE:ZEN) has received an average rating of “Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $50.29.
A number of equities analysts have commented on ZEN shares. Piper Jaffray Companies boosted their price target on shares of Zendesk to $60.00 and gave the stock an “overweight” rating in a research note on Monday, March 12th. ValuEngine raised shares of Zendesk from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Cowen boosted their price target on shares of Zendesk from $53.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 2nd. Zacks Investment Research reissued a “hold” rating on shares of Zendesk in a research note on Saturday, January 27th. Finally, Stifel Nicolaus boosted their price target on shares of Zendesk from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Wednesday, May 2nd.
In other news, insider Adrian Mcdermott sold 915 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $55.00, for a total value of $50,325.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Geschke sold 5,000 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $48.74, for a total transaction of $243,700.00. Following the completion of the sale, the senior vice president now directly owns 13,850 shares of the company’s stock, valued at approximately $675,049. The disclosure for this sale can be found here. Insiders sold a total of 64,387 shares of company stock valued at $2,983,315 in the last ninety days. 4.70% of the stock is owned by corporate insiders.
Zendesk opened at $56.33 on Thursday, MarketBeat reports. The company has a debt-to-equity ratio of 1.10, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market cap of $5.89 billion, a P/E ratio of -54.69 and a beta of 1.51. Zendesk has a 1-year low of $24.71 and a 1-year high of $57.31.
Zendesk (NYSE:ZEN) last posted its earnings results on Tuesday, May 1st. The software maker reported ($0.24) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.05. The business had revenue of $129.79 million for the quarter, compared to analyst estimates of $126.76 million. Zendesk had a negative net margin of 24.18% and a negative return on equity of 30.37%. research analysts expect that Zendesk will post -0.97 EPS for the current year.
Zendesk Company Profile
Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.
Receive News & Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related companies with MarketBeat.com's FREE daily email newsletter.