Somewhat Positive Press Coverage Somewhat Unlikely to Impact Zendesk (NYSE:ZEN) Stock Price
Media stories about Zendesk (NYSE:ZEN) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zendesk earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 44.8583610232477 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- $108.86 Million in Sales Expected for Zendesk, Inc. (NYSE:ZEN) This Quarter (americanbankingnews.com)
- Analysts Expect Zendesk, Inc. (NYSE:ZEN) Will Announce Earnings of -$0.28 Per Share (americanbankingnews.com)
- Insider Selling: Zendesk, Inc. (NYSE:ZEN) COO Sells 10,000 Shares of Stock (americanbankingnews.com)
- Mikkel Svane Sells 50,000 Shares of Zendesk, Inc. (NYSE:ZEN) Stock (americanbankingnews.com)
- Active Stock on Watch: Zendesk Inc (ZEN) – Evergreen Caller (evergreencaller.com)
Shares of Zendesk (NYSE:ZEN) traded up 3.18% during trading on Friday, hitting $26.29. 993,160 shares of the stock were exchanged. The stock’s 50 day moving average is $28.29 and its 200-day moving average is $27.35. The stock’s market cap is $2.64 billion. Zendesk has a 12-month low of $19.77 and a 12-month high of $31.88.
Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.20. Zendesk had a negative net margin of 29.34% and a negative return on equity of 32.10%. The company had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $99.47 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The business’s revenue for the quarter was up 36.5% on a year-over-year basis. Equities research analysts anticipate that Zendesk will post ($0.17) EPS for the current year.
A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Zendesk from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Jaffray Companies set a $33.00 price target on shares of Zendesk and gave the stock a “buy” rating in a research note on Saturday, August 5th. KeyCorp reaffirmed a “buy” rating and set a $35.00 price target on shares of Zendesk in a research note on Friday, August 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Zendesk in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.00.
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In other Zendesk news, Chairman Mikkel Svane sold 50,000 shares of Zendesk stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $28.10, for a total value of $1,405,000.00. Following the completion of the sale, the chairman now directly owns 1,730,990 shares in the company, valued at $48,640,819. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John T. Keiser sold 10,000 shares of Zendesk stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $29.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief operating officer now owns 15,606 shares of the company’s stock, valued at $452,574. The disclosure for this sale can be found here. Insiders sold 148,834 shares of company stock valued at $4,098,844 over the last quarter. Corporate insiders own 5.30% of the company’s stock.
Zendesk Company Profile
Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.
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