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 brokerages have commented on ZEN. William Blair downgraded Zendesk from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 26th. Stifel Nicolaus cut Zendesk from a "buy" rating to a "hold" rating in a report on Tuesday, July 26th. Morgan Stanley cut Zendesk from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $145.00 to $80.00 in a report on Monday, June 13th. Barclays reiterated an "equal weight" rating and issued a $78.00 price target (down previously from $170.00) on shares of Zendesk in a research report on Tuesday, June 28th. Finally, Jefferies Financial Group dropped their target price on Zendesk from $120.00 to $110.00 in a research report on Monday, May 23rd. Fifteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $95.69.

Zendesk Stock Down 0.1 %

Zendesk stock opened at $76.47 on Tuesday. Zendesk has a fifty-two week low of $54.16 and a fifty-two 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 firm has a 50 day moving average price of $72.05 and a 200 day moving average price of $98.10. The company has a market capitalization of $9.44 billion, a PE ratio of -33.54 and a beta of 0.99.

Zendesk (NYSE:ZEN - Get Rating) last posted its earnings results on Thursday, July 28th. The software maker reported $0.14 earnings per share 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 revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.35) EPS. Research analysts expect that Zendesk will post -0.99 earnings per share for the current year.

Insiders Place Their Bets

In other Zendesk 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 transaction, the chief executive officer now owns 751,983 shares in the company, valued at $56,609,280.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Zendesk 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 transaction, the chief executive officer now owns 751,983 shares in the company, valued at $56,609,280.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Norman Gennaro sold 7,000 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 29,813 shares of the company's stock, valued at approximately $2,250,881.50. The disclosure for this sale can be found here. Insiders sold a total of 145,930 shares of company stock worth $10,984,290 over the last 90 days. Corporate insiders own 2.92% of the company's stock.