Analysts forecast that Zendesk (NYSE:ZEN) will post sales of $137.96 million for the current quarter, according to Zacks. Five analysts have made estimates for Zendesk’s earnings, with the highest sales estimate coming in at $138.87 million and the lowest estimate coming in at $137.00 million. Zendesk reported sales of $101.27 million in the same quarter last year, which would suggest a positive year over year growth rate of 36.2%. The business is expected to announce its next quarterly earnings report on Thursday, August 2nd.
On average, analysts expect that Zendesk will report full-year sales of $572.76 million for the current financial year, with estimates ranging from $568.50 million to $578.38 million. For the next financial year, analysts expect that the business will report sales of $741.12 million per share, with estimates ranging from $720.00 million to $767.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Zendesk.
Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Tuesday, May 1st. The software maker reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.05. The business had revenue of $129.79 million during the quarter, compared to analyst estimates of $126.76 million. Zendesk had a negative return on equity of 30.37% and a negative net margin of 24.18%.
Several equities analysts have recently weighed in on ZEN shares. Craig Hallum raised their price target on Zendesk from $45.00 to $63.00 and gave the company a “buy” rating in a report on Friday, May 18th. JMP Securities raised their price target on Zendesk from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 18th. Stifel Nicolaus raised their price target on Zendesk from $45.00 to $50.00 and gave the company a “hold” rating in a report on Friday, May 18th. KeyCorp restated a “buy” rating and set a $58.00 price target on shares of Zendesk in a report on Friday, May 18th. Finally, Morgan Stanley raised their price target on Zendesk from $48.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, May 2nd. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.13.
Zendesk stock traded up $0.68 on Monday, hitting $56.39. 878,936 shares of the stock traded hands, compared to its average volume of 1,240,406. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $5.74 billion, a P/E ratio of -54.75 and a beta of 1.51. Zendesk has a 1 year low of $24.71 and a 1 year high of $57.31.
In related news, SVP John Geschke sold 5,000 shares of Zendesk stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $48.74, for a total value of $243,700.00. Following the completion of the sale, the senior vice president now directly owns 13,850 shares in the company, valued at approximately $675,049. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adrian Mcdermott sold 40,000 shares of Zendesk stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $43.54, for a total value of $1,741,600.00. Following the completion of the sale, the insider now owns 121,465 shares of the company’s stock, valued at $5,288,586.10. The disclosure for this sale can be found here. Insiders sold a total of 64,387 shares of company stock valued at $2,983,315 over the last quarter. 4.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new stake in Zendesk in the 4th quarter worth about $132,000. Pendal Group Ltd bought a new stake in Zendesk in the 1st quarter worth about $188,000. Aperio Group LLC bought a new stake in Zendesk in the 1st quarter worth about $215,000. Zeke Capital Advisors LLC bought a new stake in Zendesk in the 1st quarter worth about $263,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Zendesk by 47.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock worth $194,000 after buying an additional 1,836 shares in the last quarter. Institutional investors own 94.89% of the company’s stock.
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, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.
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