Zendesk Inc (NYSE:ZEN) – Analysts at Oppenheimer issued their Q2 2019 earnings estimates for Zendesk in a research report issued to clients and investors on Wednesday, May 1st, Zacks Investment Research reports. Oppenheimer analyst K. Ikeda expects that the software maker will earn ($0.27) per share for the quarter. Oppenheimer has a “Market Perform” rating and a $71.70 price objective on the stock.
Zendesk (NYSE:ZEN) last posted its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.28). Zendesk had a negative net margin of 22.52% and a negative return on equity of 25.37%. The business had revenue of $181.48 million during the quarter, compared to the consensus estimate of $179.53 million. During the same quarter last year, the company posted $0.02 earnings per share. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year.
A number of other research firms also recently issued reports on ZEN. KeyCorp restated a “buy” rating on shares of Zendesk in a report on Tuesday, February 5th. Jefferies Financial Group raised their price objective on shares of Zendesk from $90.00 to $102.00 and gave the stock a “market perform” rating in a report on Wednesday, May 1st. Bank of America raised their price objective on shares of Zendesk from $68.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, February 6th. Royal Bank of Canada raised their price objective on shares of Zendesk to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Finally, Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Saturday, April 13th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $90.93.
NYSE ZEN opened at $83.89 on Monday. Zendesk has a 52-week low of $45.60 and a 52-week high of $89.07. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $9.56 billion, a P/E ratio of -88.31 and a beta of 1.64.
In other news, insider Adrian Mcdermott sold 6,213 shares of Zendesk stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $85.11, for a total value of $528,788.43. Following the completion of the transaction, the insider now owns 87,677 shares in the company, valued at $7,462,189.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey J. Titterton sold 503 shares of Zendesk stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $83.41, for a total transaction of $41,955.23. Following the completion of the transaction, the insider now owns 14,093 shares of the company’s stock, valued at approximately $1,175,497.13. The disclosure for this sale can be found here. Insiders sold 89,287 shares of company stock valued at $7,113,636 in the last quarter. Corporate insiders own 4.60% of the company’s stock.
A number of large investors have recently modified their holdings of ZEN. Flinton Capital Management LLC purchased a new position in Zendesk during the fourth quarter valued at approximately $30,000. Intercontinental Wealth Advisors LLC purchased a new position in Zendesk during the fourth quarter valued at approximately $34,000. Capital Investment Advisory Services LLC purchased a new position in Zendesk during the first quarter valued at approximately $34,000. Ipswich Investment Management Co. Inc. purchased a new position in Zendesk during the fourth quarter valued at approximately $41,000. Finally, Sageworth Trust Co purchased a new position in Zendesk during the first quarter valued at approximately $42,000. 95.26% of the stock is owned by institutional investors.
About Zendesk
Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.