Zendesk, Inc. (NYSE:ZEN)‘s stock had its “buy” rating reissued by equities researchers at Piper Jaffray Companies in a research note issued to investors on Tuesday. They currently have a $33.00 price target on the software maker’s stock. Piper Jaffray Companies’ target price points to a potential upside of 12.59% from the stock’s current price.

ZEN has been the topic of a number of other research reports. Zacks Investment Research upgraded Zendesk from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. KeyCorp reiterated a “buy” rating and set a $35.00 price target on shares of Zendesk in a research report on Friday, August 4th. Evercore ISI initiated coverage on Zendesk in a research report on Friday, September 8th. They set an “outperform” rating and a $34.00 price target on the stock. BidaskClub downgraded Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $33.09.

Shares of Zendesk (ZEN) opened at 29.31 on Tuesday. Zendesk has a 1-year low of $19.77 and a 1-year high of $31.36. The firm has a 50-day moving average price of $27.82 and a 200-day moving average price of $27.61. The company’s market cap is $2.95 billion.

Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.20). The business had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $99.47 million. Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) EPS. On average, equities analysts expect that Zendesk will post ($0.17) EPS for the current year.

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In related news, CFO Elena Gomez sold 1,431 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $27.06, for a total value of $38,722.86. Following the completion of the sale, the chief financial officer now owns 6,157 shares of the company’s stock, valued at $166,608.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Caryn Marooney sold 1,693 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.10, for a total value of $50,959.30. Following the completion of the sale, the director now directly owns 53,948 shares of the company’s stock, valued at approximately $1,623,834.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,085 shares of company stock worth $3,587,804. Company insiders own 5.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in shares of Zendesk by 2.5% in the first quarter. Principal Financial Group Inc. now owns 11,605 shares of the software maker’s stock valued at $325,000 after purchasing an additional 283 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Zendesk by 3.8% in the second quarter. Parallel Advisors LLC now owns 8,275 shares of the software maker’s stock valued at $243,000 after purchasing an additional 300 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Zendesk by 8.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock valued at $111,000 after purchasing an additional 323 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Zendesk by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock valued at $108,000 after purchasing an additional 352 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of Zendesk by 3.1% in the second quarter. Neuberger Berman Group LLC now owns 31,429 shares of the software maker’s stock valued at $873,000 after purchasing an additional 950 shares during the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Zendesk (NYSE:ZEN)

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