Zendesk (NYSE:ZEN) had its target price hoisted by Piper Jaffray Companies to $60.00 in a research report sent to investors on Monday, The Fly reports. They currently have an overweight rating on the software maker’s stock.

Several other equities research analysts also recently issued reports on ZEN. Royal Bank of Canada reiterated a buy rating and set a $42.00 price objective on shares of Zendesk in a research note on Wednesday, January 17th. Zacks Investment Research upgraded shares of Zendesk from a hold rating to a buy rating and set a $41.00 price objective for the company in a research note on Sunday, January 21st. Stephens upgraded shares of Zendesk from an underweight rating to an equal weight rating in a research note on Wednesday, February 7th. Craig Hallum reiterated a buy rating and set a $45.00 price objective (up from $37.00) on shares of Zendesk in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Zendesk from $33.00 to $38.00 and gave the stock a hold rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Zendesk presently has an average rating of Buy and an average price target of $42.33.

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Shares of Zendesk (NYSE:ZEN) opened at $48.73 on Monday. Zendesk has a twelve month low of $24.49 and a twelve month high of $49.42. The stock has a market cap of $5,040.00, a P/E ratio of -43.90 and a beta of 1.64.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.48%. The company had revenue of $123.43 million during the quarter, compared to the consensus estimate of $119.68 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. Zendesk’s revenue for the quarter was up 39.3% on a year-over-year basis. analysts forecast that Zendesk will post -1 EPS for the current fiscal year.

In other news, SVP John Geschke sold 787 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $35.05, for a total value of $27,584.35. Following the completion of the transaction, the senior vice president now directly owns 12,582 shares in the company, valued at $440,999.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elena Gomez sold 1,200 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $33.66, for a total transaction of $40,392.00. Following the completion of the transaction, the chief financial officer now owns 2,535 shares of the company’s stock, valued at $85,328.10. The disclosure for this sale can be found here. Insiders sold 196,858 shares of company stock valued at $7,930,928 over the last 90 days. Insiders own 5.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in shares of Zendesk in the third quarter valued at $105,000. Cerebellum GP LLC purchased a new position in shares of Zendesk in the fourth quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Zendesk by 47.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock valued at $194,000 after acquiring an additional 1,836 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Zendesk in the fourth quarter valued at $210,000. Finally, SG Americas Securities LLC acquired a new stake in Zendesk in the third quarter valued at $193,000. Institutional investors and hedge funds own 93.22% 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.

The Fly

Analyst Recommendations for Zendesk (NYSE:ZEN)

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