Zendesk Inc. (ZEN): Current Recommendation for ZEN is 2.00

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Zendesk Inc. (NYSE:ZEN) changes shares on Tuesday trading session, with a change of -1.01% or -$0.93 shares. The trading starts at $92.49 and closed at $92.31 throughout the day. The trading session low price was $89.82 and day high was $93.33 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 3.09 million while its average volume is 2.15M. In other hand, the ZEN market cap reached to $11.51B. While, its current target price is $95.79.

On May 1, 2018, BRIEF-Zendesk Q1 GAAP Loss Per Share $0.28. According to the news reported on Reuters, * Q1 REVENUE $129.8 MILLION VERSUS I/B/E/S VIEW $126.4 MILLION

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -3.92% and up 2.25% for month. Its quarterly performance was 21.31% above, while its half year performance is up 2.08%. ZEN yearly performance stood at positive 19.53% and rise 19.25% for year-to-date. Current recommendation for Zendesk Inc. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ZEN EPS (TTM) for 12-month is -1.57. EPS for this year is -23.50%, while for the next year its value is 0.67. Its EPS Q/Q reached 8.50%. It has an EPS of -4.00% down for past five years.

Let’s take a look on the analyst recommendations on ZEN for the current month and previous month. For the current month, 15 of 22 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 7 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $72.00 – $120.00. Average target price for ZEN was reached at $106.75.

Price (T.Rowe) Associates Inc, Vanguard Group, Inc. (The) and FMR, LLC are the top three holders in Zendesk Inc. (ZEN) stock. On Mar 30, 2020, Price (T.Rowe) Associates Inc has 11.98 million shares which valued 766.96 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 10.0 million shares which valued at 639.95 million. On Mar 30, 2020, FMR, LLC has a total of 8.87 million shares which valued at 568.04 million. In the end, FMR, LLC have 7.77% shares outstanding of Zendesk Inc. (ZEN) on Mar 30, 2020. The insider ownership moved to 1.30% and institutional holding shifted to 98.92%.

The company posted an EPS (TTM) of -1.57. According to the most recent quarter report on (Sep 2020), 21 analysts estimated an average EPS of 0.11, while 0.12 EPS posted a year ago period. Analyst Estimated EPS for ZEN published in the report was $0.08 – $0.15 during the same period. Comparing with last year, the average estimated EPS was 0.12 which is lower than 0.14 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ZEN rise 16.86% for period of 200 days. SMA for 50 days was 4.01% which is showing green signal, while SMA-20 was -1.78%. The moving average value for Zendesk Inc. (ZEN) is 8.96M and 8.53% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ZEN stock. On Aug 03, Geschke John, CLO and Chief of Staff, sold 5,500 trading shares at the cost of $91.66, which valued at 0.5 million. On Jul 20, Gomez Elena, Chief Financial Officer, sold 5,000 shares at the cost of $89.77, with total shares of 16,560. On Jul 20, Titterton Jeffrey J, Chief Marketing Officer, sold 1,700 shares at the cost of 89.77. After this transaction, Titterton Jeffrey J total shares reached to 9,722 which valued at 0.15 million.