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Zendesk - ZEN Stock Forecast, Price & News

$76.47
-0.04 (-0.05%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$76.31
$76.71
50-Day Range
$54.53
$86.51
52-Week Range
$54.16
$136.30
Volume
3.37 million shs
Average Volume
2.97 million shs
Market Capitalization
$9.44 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$92.00

Zendesk MarketRank™ Forecast

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
20.3% Upside
$92.00 Price Target
Short Interest
Healthy
10.72% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.65mentions of Zendesk in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$11.71 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.99) to ($1.03) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Computer And Technology Sector

431st out of 664 stocks

Data Processing & Preparation Industry

46th out of 73 stocks

ZEN stock logo

About Zendesk (NYSE:ZEN) Stock

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.

Zendesk Stock Up 0.3 %

Shares of NYSE:ZEN opened at $76.51 on Monday. Zendesk has a 52-week low of $54.16 and a 52-week high of $136.30. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.62 and a current ratio of 1.62. The business has a fifty day moving average of $72.05 and a two-hundred day moving average of $98.05. The stock has a market cap of $9.45 billion, a PE ratio of -33.56 and a beta of 0.99.

Zendesk (NYSE:ZEN - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $407.21 million during the quarter, compared to the consensus estimate of $404.68 million. Zendesk had a negative net margin of 18.33% and a negative return on equity of 42.82%. The firm's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm posted ($0.35) EPS. As a group, equities research analysts expect that Zendesk will post -0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on ZEN. Jefferies Financial Group dropped their price target on Zendesk from $120.00 to $110.00 in a research report on Monday, May 23rd. UBS Group cut their target price on shares of Zendesk from $128.00 to $77.50 in a research note on Friday, June 24th. Craig Hallum downgraded shares of Zendesk from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $140.00 to $77.50 in a report on Wednesday, June 29th. William Blair lowered shares of Zendesk from an "outperform" rating to a "market perform" rating in a research report on Tuesday, July 26th. Finally, Morgan Stanley downgraded Zendesk from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $145.00 to $80.00 in a research report on Monday, June 13th. Fifteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Zendesk currently has an average rating of "Hold" and an average target price of $95.69.

Insider Activity

In related news, insider Norman Gennaro sold 7,000 shares of the stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $75.50, for a total transaction of $528,500.00. Following the sale, the insider now directly owns 29,813 shares in the company, valued at approximately $2,250,881.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Norman Gennaro sold 7,000 shares of Zendesk stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $75.50, for a total value of $528,500.00. Following the completion of the transaction, the insider now directly owns 29,813 shares of the company's stock, valued at $2,250,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mikkel Svane sold 101,930 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $75.28, for a total transaction of $7,673,290.40. Following the sale, the chief executive officer now directly owns 751,983 shares in the company, valued at approximately $56,609,280.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,172 shares of company stock worth $11,008,626. Insiders own 2.92% of the company's stock.

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ZEN Stock News Headlines

Qtrac Earns Zendesk Customer Satisfaction Badge
Zendesk (NYSE:ZEN) Downgraded by JMP Securities
Zendesk Q2 2022 Earnings Preview - Seeking Alpha
Zendesk Talk Review 2022 - Forbes
Zendesk (NYSE:ZEN) Downgraded by Stifel Nicolaus to Hold
See More Headlines
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ZEN Company Calendar

Last Earnings
7/28/2022
Today
8/15/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
5,860
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$92.00
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$66.00
Forecasted Upside/Downside
+20.3%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
15 Analysts

Profitability

Net Income
$-223,640,000.00
Pretax Margin
-17.82%

Debt

Sales & Book Value

Annual Sales
$1.34 billion
Cash Flow
$0.14 per share
Book Value
$4.02 per share

Miscellaneous

Free Float
119,861,000
Market Cap
$9.44 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives














ZEN Stock - Frequently Asked Questions

Should I buy or sell Zendesk stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zendesk in the last twelve months. There are currently 14 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ZEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZEN, but not buy additional shares or sell existing shares.
View ZEN analyst ratings
or view top-rated stocks.

What is Zendesk's stock price forecast for 2022?

15 analysts have issued twelve-month price targets for Zendesk's stock. Their ZEN share price forecasts range from $66.00 to $130.00. On average, they anticipate the company's share price to reach $92.00 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price.
View analysts price targets for ZEN
or view top-rated stocks among Wall Street analysts.

How have ZEN shares performed in 2022?

Zendesk's stock was trading at $104.29 on January 1st, 2022. Since then, ZEN shares have decreased by 26.7% and is now trading at $76.47.
View the best growth stocks for 2022 here
.

Are investors shorting Zendesk?

Zendesk saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 11,940,000 shares, an increase of 43.3% from the June 30th total of 8,330,000 shares. Based on an average daily volume of 4,140,000 shares, the days-to-cover ratio is presently 2.9 days.
View Zendesk's Short Interest
.

When is Zendesk's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our ZEN earnings forecast
.

How were Zendesk's earnings last quarter?

Zendesk, Inc. (NYSE:ZEN) released 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 software maker earned $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 trailing twelve-month return on equity of 42.82%. The business's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.35) earnings per share.

What is Mikkel Svane's approval rating as Zendesk's CEO?

213 employees have rated Zendesk Chief Executive Officer Mikkel Svane on Glassdoor.com. Mikkel Svane has an approval rating of 95% among the company's employees. This puts Mikkel Svane in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 86.0% of employees surveyed would recommend working at Zendesk to a friend.

What other stocks do shareholders of Zendesk own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Zendesk investors own include NVIDIA (NVDA), Block (SQ), Salesforce (CRM), Twilio (TWLO), Shopify (SHOP), Walt Disney (DIS), Netflix (NFLX), Okta (OKTA), Trade Desk (TTD) and Tesla (TSLA).

What is Zendesk's stock symbol?

Zendesk trades on the New York Stock Exchange (NYSE) under the ticker symbol "ZEN."

Who are Zendesk's major shareholders?

Zendesk's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Pictet Asset Management SA (2.19%), Sachem Head Capital Management LP (1.50%), RGM Capital LLC (1.00%), Northern Trust Corp (0.63%), Ardevora Asset Management LLP (0.53%) and UBS Asset Management Americas Inc. (0.44%). Insiders that own company stock include Adrian Mcdermott, Archana Agrawal, Carl Bass, Caryn Marooney, Elena Gomez, Inamarie Johnson, Jason P Wells, Jeffrey J Titterton, Jeffrey J Titterton, John Geschke, John T Keiser, L Michelle Wilson, Marc Cabi, Mikkel Svane, Norman Gennaro, Soren Abildgaard and Ying Christina Liu.
View institutional ownership trends
.

How do I buy shares of Zendesk?

Shares of ZEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Zendesk's stock price today?

One share of ZEN stock can currently be purchased for approximately $76.47.

How much money does Zendesk make?

Zendesk (NYSE:ZEN) has a market capitalization of $9.44 billion and generates $1.34 billion in revenue each year. The software maker earns $-223,640,000.00 in net income (profit) each year or ($2.28) on an earnings per share basis.

How many employees does Zendesk have?

The company employs 5,860 workers across the globe.

Does Zendesk have any subsidiaries?
The following companies are subsidiares of Zendesk: BIME Analytics, Base CRM, FutureSimple, Kabushiki Kaisha Zendesk, Outbound.io, Smooch, We Are Cloud SAS, Zendesk ApS, Zendesk Brasil Software Corporativo LTDA, Zendesk GmbH, Zendesk Incorporated, Zendesk International Ltd, Zendesk Neighbor Foundation, Zendesk Pty Ltd, Zendesk S. de R.L. de C.V., Zendesk Singapore PTE. LTD, Zendesk Technologies Private Limited, Zendesk UK Ltd, and Zopim.
Read More
When was Zendesk founded?

Zendesk was founded in 2007.

How can I contact Zendesk?

Zendesk's mailing address is 1019 Market Street, San Francisco CA, 94103. The official website for the company is www.zendesk.com. The software maker can be reached via phone at (415) 418-7506, via email at ir@zendesk.com, or via fax at 415-778-9355.

This page (NYSE:ZEN) was last updated on 8/15/2022 by MarketBeat.com Staff

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