Zendesk (ZEN) Getting Somewhat Favorable Press Coverage, Study Shows
Press coverage about Zendesk (NYSE:ZEN) has trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zendesk earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 45.8015346925551 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- How Spokeo connects more people, faster than ever (zendesk.com)
- Zuora Strengthens Operational Efficiency for Procore’s Finance Department Enabling its Fastest Revenue Close To Date (broadwayworld.com)
- Live Chat Market Growth Analysis: Major Key Players Are LiveChat Software SA, LivePerson, Inc. Zendesk, Inc. and Atlassian (sbwire.com)
- Global Live Chat Industry Key Trends, Size, Growth, Shares And Forecast Research Report (2017-2021) (mynewsdesk.com)
- ETFs with exposure to Zendesk, Inc. : October 2, 2017 (finance.yahoo.com)
Zendesk (NYSE:ZEN) opened at 30.16 on Thursday. Zendesk has a 12 month low of $19.77 and a 12 month high of $31.36. The company’s market cap is $3.03 billion. The company has a 50-day moving average of $28.08 and a 200-day moving average of $27.76.
Zendesk (NYSE:ZEN) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.20). Zendesk had a negative net margin of 29.34% and a negative return on equity of 32.10%. The business had revenue of $101.30 million during the quarter, compared to the consensus estimate of $99.47 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. The business’s quarterly revenue was up 36.5% compared to the same quarter last year. Analysts predict that Zendesk will post ($0.17) EPS for the current year.
A number of analysts recently weighed in on ZEN shares. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Zendesk in a report on Friday, August 4th. BidaskClub cut shares of Zendesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Zendesk in a report on Tuesday, September 12th. Evercore ISI started coverage on shares of Zendesk in a report on Friday, September 8th. They issued an “outperform” rating and a $34.00 price objective on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Zendesk in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $33.20.
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In other Zendesk news, Chairman Mikkel Svane sold 50,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $28.10, for a total transaction of $1,405,000.00. Following the completion of the sale, the chairman now directly owns 1,730,990 shares of the company’s stock, valued at approximately $48,640,819. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adrian Mcdermott sold 1,766 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $28.87, for a total value of $50,984.42. Following the sale, the insider now directly owns 80,581 shares of the company’s stock, valued at $2,326,373.47. The disclosure for this sale can be found here. Insiders sold 91,315 shares of company stock valued at $2,587,980 over the last ninety days. 5.30% of the stock is currently owned by company insiders.
Zendesk Company Profile
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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