Zendesk, Inc. (NYSE:ZEN – Get Score) has earned a mean ranking of “Maintain” from the 19 brokerages which might be presently protecting the inventory, MarketBeat Rankings experiences. Fourteen analysis analysts have rated the inventory with a maintain suggestion and two have issued a purchase suggestion on the corporate. The common twelve-month goal value amongst brokers which have issued a report on the inventory within the final yr is $95.33.
ZEN has been the subject of a number of latest analysis experiences. UBS Group lower their value goal on Zendesk from $128.00 to $77.50 in a report on Friday, June twenty fourth. Barclays reissued an “equal weight” ranking and issued a $78.00 value goal (down beforehand from $170.00) on shares of Zendesk in a report on Tuesday, June twenty eighth. Evercore ISI lowered their goal value on Zendesk from $128.00 to $66.00 and set an “in-line” ranking on the inventory in a analysis report on Friday, June seventeenth. Cowen lowered their value goal on Zendesk to $77.50 in a analysis report on Monday, July 4th. Lastly, Stifel Nicolaus lower Zendesk from a “purchase” ranking to a “maintain” ranking in a analysis report on Tuesday, July twenty sixth.
Zendesk Value Efficiency
Shares of NYSE ZEN opened at $76.55 on Monday. The corporate has a fast ratio of 1.62, a present ratio of 1.62 and a debt-to-equity ratio of three.48. The enterprise has a 50 day transferring common value of $71.97 and a two-hundred day transferring common value of $97.37. Zendesk has a fifty-two week low of $54.16 and a fifty-two week excessive of $136.30. The agency has a market cap of $9.45 billion, a PE ratio of -33.57 and a beta of 0.99.
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Zendesk (NYSE:ZEN – Get Score) final launched its earnings outcomes on Thursday, July twenty eighth. The software program maker reported ($0.46) EPS for the quarter, lacking analysts’ consensus estimates of ($0.34) by ($0.12). Zendesk had a unfavourable return on fairness of 42.82% and a unfavourable internet margin of 18.33%. The agency had income of $407.21 million for the quarter, in comparison with the consensus estimate of $404.68 million. Throughout the identical interval within the prior yr, the enterprise earned ($0.35) EPS. The corporate’s quarterly income was up 28.0% on a year-over-year foundation. Promote-side analysts anticipate that Zendesk will publish -0.99 earnings per share for the present fiscal yr.
Insider Exercise at Zendesk
In associated information, CEO Mikkel Svane bought 101,930 shares of Zendesk inventory in a transaction on Tuesday, August 2nd. The inventory was bought at a mean value of $75.28, for a complete transaction of $7,673,290.40. Following the completion of the sale, the chief government officer now owns 751,983 shares of the corporate’s inventory, valued at $56,609,280.24. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by the SEC web site. In different Zendesk information, COO Jeffrey J. Titterton bought 20,000 shares of the enterprise’s inventory in a transaction dated Thursday, August 18th. The inventory was bought at a mean value of $76.75, for a complete worth of $1,535,000.00. Following the completion of the sale, the chief working officer now owns 687 shares of the corporate’s inventory, valued at $52,727.25. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by this hyperlink. Additionally, CEO Mikkel Svane bought 101,930 shares of the enterprise’s inventory in a transaction dated Tuesday, August 2nd. The inventory was bought at a mean value of $75.28, for a complete worth of $7,673,290.40. Following the completion of the sale, the chief government officer now immediately owns 751,983 shares of the corporate’s inventory, valued at roughly $56,609,280.24. The disclosure for this sale may be discovered right here. Over the past 90 days, insiders bought 173,743 shares of firm inventory valued at $13,115,598. Insiders personal 2.92% of the corporate’s inventory.
Hedge Funds Weigh In On Zendesk
Various institutional traders have not too long ago made modifications to their positions in ZEN. Walleye Capital LLC elevated its stake in Zendesk by 380.7% in the course of the second quarter. Walleye Capital LLC now owns 49,650 shares of the software program maker’s inventory valued at $3,678,000 after buying a further 39,321 shares in the course of the interval. Macquarie Group Ltd. boosted its holdings in Zendesk by 1.0% in the course of the second quarter. Macquarie Group Ltd. now owns 24,298 shares of the software program maker’s inventory valued at $1,799,000 after buying a further 239 shares within the final quarter. First Republic Funding Administration Inc. boosted its holdings in Zendesk by 150.3% in the course of the second quarter. First Republic Funding Administration Inc. now owns 55,001 shares of the software program maker’s inventory valued at $4,074,000 after buying a further 33,030 shares within the final quarter. Captrust Monetary Advisors boosted its holdings in Zendesk by 165.0% in the course of the second quarter. Captrust Monetary Advisors now owns 2,462 shares of the software program maker’s inventory valued at $182,000 after buying a further 1,533 shares within the final quarter. Lastly, Castleark Administration LLC acquired a brand new stake in Zendesk in the course of the second quarter valued at roughly $381,000. 98.72% of the inventory is at present owned by institutional traders.
Zendesk Firm Profile
(Get Score)
Zendesk, Inc, a software program growth firm, offers software program as a service options for organizations in the USA, Europe, the Center East, Africa, the Asia Pacific, and internationally. Its flagship product is Zendesk Help, a system for monitoring, prioritizing, and fixing buyer assist tickets throughout varied channels.
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