Other research analysts have also issued research reports about the company. Deutsche Bank started coverage on Zendesk in a research report on Monday, October 8th. They set a buy rating and a $85.00 target price for the company. Morgan Stanley decreased their price target on shares of Zendesk from $84.00 to $81.00 and set an overweight rating for the company in a research note on Tuesday, October 23rd. Zacks Investment Research raised shares of Zendesk from a sell rating to a hold rating in a research note on Saturday, November 3rd. Stephens started coverage on shares of Zendesk in a research note on Wednesday, January 16th. They set an overweight rating and a $78.00 price target for the company. Finally, Rosenblatt Securities reaffirmed a buy rating and set a $70.00 price target on shares of Zendesk in a research note on Thursday, November 15th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $77.44.
Shares of NYSE:ZEN traded up $1.25 during trading hours on Monday, hitting $80.27. 1,849,084 shares of the company’s stock traded hands, compared to its average volume of 2,294,381. Zendesk has a 1 year low of $42.02 and a 1 year high of $80.63. The firm has a market capitalization of $8.54 billion, a PE ratio of -84.49 and a beta of 1.62. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.67 and a quick ratio of 1.67.
Zendesk (NYSE:ZEN) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.38. Zendesk had a negative return on equity of 24.19% and a negative net margin of 21.89%. The business had revenue of $172.25 million during the quarter, compared to analyst estimates of $165.56 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. Equities research analysts expect that Zendesk will post -0.96 EPS for the current fiscal year.
In other Zendesk news, CFO Elena Gomez sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $76.70, for a total transaction of $460,200.00. Following the completion of the sale, the chief financial officer now directly owns 26,577 shares in the company, valued at $2,038,455.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Geschke sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $61.37, for a total transaction of $429,590.00. Following the sale, the senior vice president now owns 26,071 shares of the company’s stock, valued at $1,599,977.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,216 shares of company stock valued at $8,392,551. 4.70% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flinton Capital Management LLC purchased a new stake in Zendesk during the fourth quarter worth approximately $30,000. Intercontinental Wealth Advisors LLC purchased a new stake in Zendesk during the fourth quarter worth approximately $34,000. Ipswich Investment Management Co. Inc. purchased a new stake in Zendesk during the fourth quarter worth approximately $41,000. Mondrian Capital Management LLC purchased a new stake in Zendesk during the fourth quarter worth approximately $58,000. Finally, Penserra Capital Management LLC grew its stake in Zendesk by 304.5% during the fourth quarter. Penserra Capital Management LLC now owns 1,440 shares of the software maker’s stock worth $84,000 after buying an additional 1,084 shares during the period. Institutional investors own 92.45% of the company’s stock.
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.
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