Zendesk (ZEN) : Traders are bullish on Zendesk (ZEN) as it has outperformed the S&P 500 by a wide margin of 8.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.23% in the last 1 week, and is up 8.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Zendesk, Inc. is up 25.37% in the last 3-month period. Year-to-Date the stock performance stands at 15.51%. The stock has recorded a 20-day Moving Average of 3.29% and the 50-Day Moving Average is 8.08%.
Zendesk (NYSE:ZEN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.00 and $29.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.54, notching a gain of 1.46% for the day. The total traded volume was 839,908 . The stock had closed at $30.10 on the previous day.
Also, In a research note released to the investors, UBS maintains its rating on Zendesk (NYSE:ZEN).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, UBS raises the new price target from $31 per share to $34 per share. The rating by the firm was issued on August 3, 2016.
Zendesk, Inc. (Zendesk) is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company answers customers questions and solves their problems through email, chat, voice, social media and Websites. Its platform also helps people find answers on their own through knowledge bases and communities. The Companys platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company, through its subsidiary Zopim, provides live chat software as a standalone service and as an integrated service with its customer service platform for chat-enabled agents. The Company also offers freemium plans for its customer service platform and live chat software, as well as email collaboration software. Its customers are located in 150 countries and territories and provide service through its customer service platform in over 40 languages.