Somewhat Positive Press Coverage Somewhat Unlikely to Affect Zendesk (ZEN) Stock Price
Headlines about Zendesk (NYSE:ZEN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Zendesk earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 45.6725772311359 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Zendesk Inc (ZEN) Director Sells $790,200.00 in Stock (americanbankingnews.com)
- Elizabeth A. Nelson Sells 10,000 Shares of Zendesk Inc (ZEN) Stock (americanbankingnews.com)
- Cloud communications startup UJET raises $25M round led by Google’s VC arm (siliconangle.com)
- Hedge Fund and Insider Trading News: Steven Cohen, Starboard Value, Zendesk Inc (ZEN), CTI BioPharma Corp (CTIC), and More (feedproxy.google.com)
- Zendesk Inc (ZEN) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
ZEN has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a research report on Wednesday, October 18th. Morgan Stanley lifted their target price on shares of Zendesk from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, October 23rd. Wells Fargo & Co reiterated an “outperform” rating and issued a $40.00 target price (up previously from $32.00) on shares of Zendesk in a research report on Thursday, November 2nd. Canaccord Genuity lifted their target price on shares of Zendesk from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus reiterated a “neutral” rating on shares of Zendesk in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $40.31.
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, beating analysts’ consensus estimates of ($0.04) by $0.03. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.88%. The firm had revenue of $123.43 million for the quarter, compared to analysts’ expectations of $119.68 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. equities research analysts anticipate that Zendesk will post -1 earnings per share for the current fiscal year.
In other Zendesk news, SVP John Geschke sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $34.23, for a total value of $171,150.00. Following the transaction, the senior vice president now owns 16,495 shares in the company, valued at $564,623.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mikkel Svane sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $34.31, for a total transaction of $1,715,500.00. Following the completion of the transaction, the chairman now owns 1,734,891 shares in the company, valued at approximately $59,524,110.21. The disclosure for this sale can be found here. Insiders sold 176,699 shares of company stock worth $6,529,738 in the last 90 days. Corporate insiders own 5.30% of the company’s stock.
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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