Headlines about Zendesk (NYSE:ZEN) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Zendesk earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 45.5447983672395 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Zendesk Inc.: Zendesk Announces Date of Fourth Quarter and Full Fiscal Year 2017 Financial Results (twst.com)
- Faculty Highlights: Grants and Awards From Fall 2017 (drexel.edu)
- Zendesk Inc (ZEN) SVP John Geschke Sells 1,493 Shares (americanbankingnews.com)
- Zendesk Inc (ZEN) Expected to Post Quarterly Sales of $119.60 Million (americanbankingnews.com)
- Weekly Rewind: Top 10 Stories On CXOToday [Jan 2-6] (cxotoday.com)
ZEN has been the topic of several analyst reports. Stephens downgraded shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 target price on the stock. in a report on Monday, October 9th. Morgan Stanley lifted their target price on shares of Zendesk from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, October 23rd. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, October 5th. Wells Fargo & Co reissued an “outperform” rating and set a $40.00 price objective (up previously from $32.00) on shares of Zendesk in a report on Thursday, November 2nd. Finally, KeyCorp reissued a “buy” rating and set a $35.00 price objective on shares of Zendesk in a report on Sunday, October 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Zendesk presently has a consensus rating of “Buy” and an average target price of $34.13.
Shares of Zendesk (NYSE ZEN) traded up $0.78 on Friday, reaching $36.81. 169,992 shares of the company’s stock were exchanged, compared to its average volume of 636,938. The firm has a market capitalization of $3,660.00, a PE ratio of -33.46 and a beta of 1.83. Zendesk has a one year low of $22.20 and a one year high of $36.33.
Zendesk (NYSE:ZEN) last announced its earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $112.79 million during the quarter, compared to analysts’ expectations of $109.19 million. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. sell-side analysts forecast that Zendesk will post -1.03 EPS for the current year.
In other news, Chairman Mikkel Svane sold 50,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 1,734,891 shares of the company’s stock, valued at $59,524,110.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John Geschke sold 30,200 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $34.36, for a total transaction of $1,037,672.00. Following the completion of the sale, the senior vice president now owns 16,195 shares of the company’s stock, valued at $556,460.20. The disclosure for this sale can be found here. In the last three months, insiders sold 153,800 shares of company stock valued at $5,309,267. Company insiders own 5.30% 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.
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