Shares of Zendesk Inc. (NYSE:ZEN) reached a new 52-week high on Friday . The stock traded as high as $28.05 and last traded at $28.05, with a volume of 730,156 shares trading hands. The stock had previously closed at $27.14.

Several analysts have weighed in on ZEN shares. Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Saturday, May 7th. Rosenblatt Securities reiterated a “buy” rating and set a $28.00 target price (up previously from $25.00) on shares of Zendesk in a research note on Friday, May 6th. Canaccord Genuity reiterated a “buy” rating on shares of Zendesk in a research note on Friday, June 10th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $29.00 target price (up previously from $23.00) on shares of Zendesk in a research note on Tuesday, April 19th. Finally, Summit Research started coverage on shares of Zendesk in a research note on Monday, March 28th. They set a “buy” rating and a $25.00 target price for the company. Seventeen investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $29.40.

The firm’s market capitalization is $2.59 billion. The firm’s 50 day moving average price is $26.26 and its 200 day moving average price is $22.66.

Zendesk (NYSE:ZEN) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. During the same period last year, the business earned ($0.10) earnings per share. The firm earned $68.46 million during the quarter, compared to the consensus estimate of $63.94 million. The firm’s revenue for the quarter was up 62.1% compared to the same quarter last year. On average, analysts anticipate that Zendesk Inc. will post ($0.30) earnings per share for the current fiscal year.

In related news, SVP John Geschke sold 5,000 shares of the firm’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $21.97, for a total value of $109,850.00. Following the completion of the transaction, the senior vice president now directly owns 3,891 shares of the company’s stock, valued at $85,485.27. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Adrian Mcdermott sold 1,625 shares of the firm’s stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $22.18, for a total value of $36,042.50. Following the completion of the transaction, the senior vice president now directly owns 85,152 shares of the company’s stock, valued at $1,888,671.36. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of the company. Russell Frank Co purchased a new position in shares of Zendesk during the fourth quarter valued at approximately $2,094,000. California State Teachers Retirement System raised its position in Zendesk by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 99,604 shares of the company’s stock valued at $2,634,000 after buying an additional 1,553 shares in the last quarter. First Trust Advisors LP bought a new position in Zendesk during the fourth quarter valued at about $1,695,000. Rhumbline Advisers raised its position in Zendesk by 11.6% in the fourth quarter. Rhumbline Advisers now owns 52,413 shares of the company’s stock valued at $1,386,000 after buying an additional 5,445 shares in the last quarter. Finally, Oxford Asset Management bought a new position in Zendesk during the fourth quarter valued at about $1,396,000.

Zendesk, Inc is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.