Zendesk, Inc. (NYSE:ZEN) has earned an average recommendation of “Buy” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $33.56.

ZEN has been the topic of a number of research reports. Zacks Investment Research raised shares of Zendesk from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price target on shares of Zendesk in a research note on Friday, August 4th. Evercore ISI initiated coverage on shares of Zendesk in a research note on Friday, September 8th. They issued an “outperform” rating and a $34.00 price target on the stock. BidaskClub downgraded shares of Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Zendesk in a research note on Friday, July 21st.

In other Zendesk news, insider Adrian Mcdermott sold 1,766 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $26.42, for a total transaction of $46,657.72. Following the transaction, the insider now directly owns 80,435 shares of the company’s stock, valued at $2,125,092.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Caryn Marooney sold 1,693 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $30.10, for a total transaction of $50,959.30. Following the transaction, the director now directly owns 53,948 shares in the company, valued at $1,623,834.80. The disclosure for this sale can be found here. Insiders have sold 125,319 shares of company stock worth $3,539,045 over the last three months. Company insiders own 5.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in Zendesk by 2.5% during the first quarter. Principal Financial Group Inc. now owns 11,605 shares of the software maker’s stock worth $325,000 after buying an additional 283 shares during the last quarter. Parallel Advisors LLC increased its position in Zendesk by 3.8% during the second quarter. Parallel Advisors LLC now owns 8,275 shares of the software maker’s stock worth $243,000 after buying an additional 300 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Zendesk by 8.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock worth $111,000 after buying an additional 323 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Zendesk by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock worth $108,000 after buying an additional 352 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in Zendesk by 3.1% during the second quarter. Neuberger Berman Group LLC now owns 31,429 shares of the software maker’s stock worth $873,000 after buying an additional 950 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Zendesk (NYSE:ZEN) traded down 1.40% on Friday, reaching $28.23. The company had a trading volume of 478,385 shares. Zendesk has a 52-week low of $19.77 and a 52-week high of $31.36. The company has a 50 day moving average price of $27.66 and a 200 day moving average price of $27.66. The stock’s market capitalization is $2.84 billion.

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

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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