Impact of Brokerage Rating on Zendesk, Inc.(ZEN)

Many Zendesk, Inc.(ZEN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Zendesk Inc was Initiated by Wells Fargo to Outperform on Jan 11, 2017.

Company has reported several Insider transactions to the SEC, on Feb 13, 2017, John Geschke (GC, SVP Admin and Secretary) sold 5,000 shares at 28.45 per share price.On Feb 9, 2017, Mikkel Svane (Chairman and CEO) sold 50,000 shares at 24.64 per share price.On Feb 1, 2017, Caryn Marooney (director) sold 1,693 shares at 23.50 per share price.

Zendesk Inc Last issued its quarterly earnings results on Nov 1, 2016. The company reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $-0.06. The company had revenue of $80.70 million for the quarter, compared to analysts expectations of $79.45 million. The companys revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Zendesk, Inc. (NYSE:ZEN) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 1.27 by 11 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

Zendesk, Inc. (NYSE:ZEN): The mean estimate for the short term price target for Zendesk, Inc. (NYSE:ZEN) stands at $32.33 according to 9 Analysts. The higher price target estimate for the stock has been calculated at $35 while the lower price target estimate is at $29.

Zendesk, Inc. (NYSE:ZEN) witnessed a decline in the market cap on Tuesday as its shares dropped 1.64% or 0.45 points. After the session commenced at $27.22, the stock reached the higher end at $27.22 while it hit a low of $26.71. With the volume soaring to 1,821,487 shares, the last trade was called at $26.98. The company has a 52-week high of $31.875. The company has a market cap of $2,572 million and there are 95,338,742 shares in outstanding. The 52-week low of the share price is $15.09.

Zendesk, Inc. is a software development company. It provides a software-as-a-service, or SaaS, customer service platform. The Company offers applications that allow clients to manage incoming support requests from end customers from any Internet connected computer. It provides customer service through its platform in approximately 40 languages to customers in various industries, such as business technology, telecommunications, education/non-profit, consumer technology, media/entertainment, and retail/ecommerce. Zendesk, Inc. is headquartered in San Francisco, California.

Zendesk,

For any feedback and suggestions contact author at Richard.Farley@thefoundersdaily.com

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