Saturday, 20 October, 2018

Brokerages Set Zendesk Inc (ZEN) PT at $32.40

Laurie Berry | 10 May, 2017, 00:07

Guggenheim reiterated a "buy" rating and issued a $33.00 price objective on shares of Zendesk in a research note on Tuesday, April 18th.

Shares of Zendesk Inc (NYSE:ZEN) have earned an average recommendation of "Buy" from the fifteen brokerages that are now covering the company. It provides a software-as-a-service, or SaaS, customer service platform. Zendesk's products are developed using agile software techniques, and are created to incorporate and innovate on customer feedback obtained through beta and Early Access Programs (EAPs).

Zendesk Company Profile Zendesk, Inc (Zendesk) is a software development company.

(NYSE:ZEN)'s Buy count is 1 and Strong Buy is 11 while the number of analysts recommending Sell and Strong Sell are 0 and 1, respectively.

Among 14 analysts covering Zendesk (NYSE:ZEN), 13 have Buy rating, 0 Sell and 1 Hold. They noted that the move was a valuation call. Cowen and Company restated an "outperform" rating and issued a $30.00 target price on shares of Zendesk in a research note on Friday, January 13th.

Death of man found in auto 'suspicious'
The man was found around 1 p.m. on Monday, May 8, in a vehicle parked in a field near 72nd Street and 28th Avenue. Police in Van Buren County are treating a man's death as suspicious after discovering his body in a auto .

03/08/2017 - Rosenblatt Securities began new coverage on Zendesk, Inc. giving the company a "buy" rating. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Summit Redstone Assumes the company's stock to Buy on 7/18/16 by setting a price target of $34.

Zendesk Inc (NYSE:ZEN) traded down 7.07% on Friday, hitting $27.60. Zendesk Inc has a 52 week low of $19.77 and a 52 week high of $31.88. The stock's market cap is $2.68 billion. The firm has a 50 day moving average price of $27.94 and a 200 day moving average price of $25.28.

Zendesk, Inc. (ZEN) belonging to the Computer and Technology sector has surged 1.5% and closed its last trading session at $29.7. The company beat the analyst EPS Estimate with the difference of $0.02. Zendesk had a negative return on equity of 32.71% and a negative net margin of 33.27%. Zendesk's revenue was up 35.9% on a year-over-year basis. A month ago, they told us to expect earnings of US$-0.05 per share while three months ago their EPS consensus estimate was US$-0.04.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ZEN earned gross profit of 81 Million, in 2015 141.58 Million gross profit, while in 2016 Zendesk, Inc. If you are accessing this piece on another site, it was illegally copied and republished in violation of global copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/05/08/norges-bank-purchases-shares-of-16967-zendesk-inc-zen.html.

In other Zendesk news, Director Caryn Marooney sold 1,693 shares of the business's stock in a transaction on Thursday, March 30th. A total volume of 4.88 million shares were traded versus to average volume of 1.34 million shares. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mikkel Svane sold 50,000 shares of the firm's stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $28.20, for a total value of $49,801.20. The firm purchased 16,967 shares of the software maker's stock, valued at approximately $360,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,559 shares of company stock worth $1,628,059. Perhaps, that suggests something about why 2.40% of the outstanding share supply is held by institutional investors. State of Wisconsin Investment Board purchased a new position in shares of Zendesk during the first quarter valued at about $5,608,000. Finally, First Republic Investment Management Inc. bought a new stake in shares of Zendesk during the fourth quarter worth $206,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Zendesk during the third quarter worth approximately $261,000. 1832 Asset Management L.P. now owns 1,228,800 shares of the software maker's stock worth $37,483,000 after buying an additional 355,400 shares during the last quarter.

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