Somewhat Favorable News Coverage Somewhat Unlikely to Affect Zendesk (ZEN) Stock Price

Media stories about Zendesk (NYSE:ZEN) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zendesk earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 46.1636497086967 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $35.00 price target on shares of Zendesk in a report on Wednesday, October 18th. ValuEngine lowered shares of Zendesk from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Canaccord Genuity raised their price target on shares of Zendesk from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Morgan Stanley raised their price target on shares of Zendesk from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Finally, Stifel Nicolaus reaffirmed a “neutral” rating on shares of Zendesk in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. Zendesk presently has an average rating of “Buy” and an average target price of $34.13.

Zendesk (NYSE:ZEN) traded up $0.25 during trading hours on Tuesday, hitting $35.47. 750,400 shares of the stock traded hands, compared to its average volume of 655,400. Zendesk has a 12-month low of $22.20 and a 12-month high of $36.33. The stock has a market cap of $3,590.00, a PE ratio of -32.25 and a beta of 1.83.

Zendesk (NYSE:ZEN) last posted its earnings results on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The firm had revenue of $112.79 million during the quarter, compared to analysts’ expectations of $109.19 million. During the same period last year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. analysts expect that Zendesk will post -1.03 earnings per share for the current year.

In related news, CFO Elena Gomez sold 1,200 shares of Zendesk stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $30.10, for a total transaction of $36,120.00. Following the completion of the transaction, the chief financial officer now directly owns 3,925 shares of the company’s stock, valued at approximately $118,142.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP John Geschke sold 1,493 shares of Zendesk stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $35.17, for a total transaction of $52,508.81. Following the transaction, the senior vice president now directly owns 13,288 shares of the company’s stock, valued at $467,338.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,800 shares of company stock valued at $5,309,267. Corporate insiders own 5.30% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Zendesk (NYSE:ZEN)

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