Zendesk (NYSE:ZEN) released its earnings results on Thursday. The software maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.34, MarketWatch Earnings reports. The company had revenue of $246.66 million during the quarter, compared to the consensus estimate of $239.82 million. Zendesk had a negative return on equity of 22.07% and a negative net margin of 19.24%. Zendesk updated its Q3 2020
After-Hours guidance to EPS and its Q3 guidance to $0.08-0.12 EPS.
NYSE ZEN opened at $91.15 on Friday. Zendesk has a fifty-two week low of $50.23 and a fifty-two week high of $101.94. The business has a 50 day moving average price of $88.52 and a two-hundred day moving average price of $79.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.44 and a current ratio of 1.44.
Several research firms have recently issued reports on ZEN. Goldman Sachs Group lifted their price target on Zendesk from $96.00 to $113.00 in a research note on Monday, June 29th. Craig Hallum cut their price target on Zendesk from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Stifel Nicolaus cut their price target on Zendesk from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Bank of America boosted their target price on shares of Zendesk from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Royal Bank of Canada cut their target price on shares of Zendesk from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $99.05.
In other Zendesk news, insider Inamarie Johnson sold 26,593 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $77.91, for a total value of $2,071,860.63. Following the transaction, the insider now directly owns 43,996 shares of the company’s stock, valued at approximately $3,427,728.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Elena Gomez sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $89.77, for a total value of $448,850.00. Following the completion of the transaction, the chief financial officer now directly owns 21,560 shares in the company, valued at $1,935,441.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,594 shares of company stock valued at $11,218,424. 4.30% of the stock is owned by company insiders.
Zendesk Company Profile
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.
Further Reading: Oversold
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