Zendesk - ZEN Stock Forecast, Price & News

Zendesk, Inc., a software development company, provides software as a service solutions for organizations in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. 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 and messaging software to connect with customers on websites and mobile devices applications; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Gather, a community forum software that allows customer end-users to connect and collaborate; Zendesk Explore, which provides analytics for organizations to measure and enhance the customer experience; and Zendesk Sell, a sales customer relationship management (CRM) product solution to enhance productivity, processes, and pipeline visibility. In addition, it provides Zendesk Sunshine, a CRM platform; Sunshine Conversations, a messaging platform solution; Zendesk Developer Tools, a combination of application programming interfaces, web widget, and mobile software development kits; Zendesk APIs that allow users to build custom integrations and interact with Zendesk data; and Zendesk Apps that enable organizations to customize Zendesk product and platform solution interfaces and optimize workflow through plug-ins, as well as Zendesk Suite, an omnichannel offering, which combines its solutions. The company was founded in 2007 and is headquartered in San Francisco, California.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Craig Hallum downgraded shares of Zendesk from a "buy" rating to a "hold" rating and dropped their target price for the stock from $140.00 to $77.50 in a research report on Wednesday, June 29th. Evercore ISI dropped their target price on shares of Zendesk from $128.00 to $66.00 and set an "in-line" rating on the stock in a research report on Friday, June 17th. Stifel Nicolaus downgraded shares of Zendesk from a "buy" rating to a "hold" rating in a research report on Tuesday, July 26th. Piper Sandler dropped their target price on shares of Zendesk from $140.00 to $77.50 and set a "neutral" rating on the stock in a research report on Monday, July 18th. Finally, Morgan Stanley downgraded shares of Zendesk from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $145.00 to $80.00 in a research report on Monday, June 13th. Fifteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $95.69.

Zendesk Stock Down 0.1 %

NYSE:ZEN traded down $0.11 during trading on Tuesday, reaching $76.10. The company's stock had a trading volume of 4,068,668 shares, compared to its average volume of 2,979,663. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.48. The stock has a market capitalization of $9.39 billion, a PE ratio of -33.38 and a beta of 0.99. The business has a 50-day moving average price of $72.94 and a 200-day moving average price of $98.42. Zendesk has a 1-year low of $54.16 and a 1-year high of $136.30.

Zendesk (NYSE:ZEN - Get Rating) last posted its earnings results on Thursday, July 28th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $407.21 million during the quarter, compared to analysts' expectations of $404.68 million. Zendesk had a negative net margin of 18.33% and a negative return on equity of 42.82%. The company's revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.35) earnings per share. On average, research analysts forecast that Zendesk will post -1 earnings per share for the current fiscal year.

Insider Buying and Selling at Zendesk

In other Zendesk news, COO Jeffrey J. Titterton sold 30,000 shares of Zendesk stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $75.25, for a total value of $2,257,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Mikkel Svane sold 101,930 shares of the business's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $75.28, for a total value of $7,673,290.40. Following the completion of the sale, the chief executive officer now directly owns 751,983 shares in the company, valued at $56,609,280.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey J. Titterton sold 30,000 shares of the business's stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $75.25, for a total transaction of $2,257,500.00. The disclosure for this sale can be found here. Insiders sold 153,172 shares of company stock worth $11,710,026 over the last ninety days. 2.92% of the stock is currently owned by insiders.