Zendesk (NYSE:ZEN) had its price target raised by KeyCorp from $42.00 to $43.00 in a research note released on Wednesday. They currently have an overweight rating on the software maker’s stock.

A number of other equities analysts also recently weighed in on ZEN. Craig Hallum reissued a buy rating and issued a $45.00 price target (up from $37.00) on shares of Zendesk in a report on Wednesday. Stifel Nicolaus boosted their price target on shares of Zendesk from $33.00 to $38.00 and gave the stock a hold rating in a report on Wednesday. Zacks Investment Research reissued a hold rating on shares of Zendesk in a report on Saturday, January 27th. Royal Bank of Canada reissued a buy rating and issued a $35.00 price target on shares of Zendesk in a report on Wednesday, October 18th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $42.00 price target on shares of Zendesk in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $40.31.

Zendesk (NYSE ZEN) opened at $40.47 on Wednesday. Zendesk has a fifty-two week low of $24.30 and a fifty-two week high of $42.35.

Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. The company had revenue of $123.43 million for the quarter, compared to the consensus estimate of $119.68 million. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.88%. The firm’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. equities analysts anticipate that Zendesk will post -1.07 earnings per share for the current fiscal year.

In other Zendesk news, CFO Elena Gomez sold 1,200 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $33.66, for a total transaction of $40,392.00. Following the sale, the chief financial officer now directly owns 2,535 shares of the company’s stock, valued at $85,328.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mikkel Svane sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $34.31, for a total value of $1,715,500.00. Following the sale, the chairman now owns 1,734,891 shares in the company, valued at $59,524,110.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,426 shares of company stock worth $3,543,308. Insiders own 5.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new stake in shares of Zendesk during the third quarter valued at about $9,017,000. Teachers Advisors LLC increased its position in shares of Zendesk by 24.5% during the second quarter. Teachers Advisors LLC now owns 175,967 shares of the software maker’s stock valued at $4,888,000 after buying an additional 34,599 shares during the period. New York State Common Retirement Fund increased its position in shares of Zendesk by 9.1% during the third quarter. New York State Common Retirement Fund now owns 113,308 shares of the software maker’s stock valued at $3,298,000 after buying an additional 9,408 shares during the period. Bank of New York Mellon Corp increased its position in shares of Zendesk by 15.9% during the third quarter. Bank of New York Mellon Corp now owns 604,805 shares of the software maker’s stock valued at $17,605,000 after buying an additional 82,956 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Zendesk by 12.5% during the third quarter. Legal & General Group Plc now owns 40,365 shares of the software maker’s stock valued at $1,170,000 after buying an additional 4,488 shares during the period. Hedge funds and other institutional investors own 93.94% of the company’s stock.

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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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