Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Zendesk (ZEN) Share Price

Media headlines about Zendesk (NYSE:ZEN) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Zendesk earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 45.9574534284219 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

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

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Shares of ZEN stock opened at $50.48 on Friday. Zendesk has a twelve month low of $24.49 and a twelve month high of $50.91. The company has a market capitalization of $5,216.63, a P/E ratio of -49.01 and a beta of 1.51.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Zendesk had a negative return on equity of 32.48% and a negative net margin of 25.70%. The business had revenue of $123.43 million for the quarter, compared to the consensus estimate of $119.68 million. During the same period last year, the business earned ($0.04) EPS. The firm’s revenue was up 39.3% compared to the same quarter last year. research analysts predict that Zendesk will post -1 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. ValuEngine upgraded Zendesk from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $42.00 price target on shares of Zendesk in a report on Wednesday, January 17th. Piper Jaffray reiterated a “buy” rating and set a $42.00 price target on shares of Zendesk in a report on Tuesday, January 23rd. Bank of America lifted their price target on Zendesk from $38.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Sunday, January 21st. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.33.

In related news, insider Adrian Mcdermott sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $39.08, for a total value of $1,954,000.00. Following the transaction, the insider now directly owns 1,614,969 shares of the company’s stock, valued at approximately $63,112,988.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elena Gomez sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the chief financial officer now directly owns 13,382 shares in the company, valued at $669,100. The disclosure for this sale can be found here. Insiders sold a total of 187,775 shares of company stock worth $7,803,875 over the last three months. 4.70% of the stock is owned by company insiders.

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Zendesk Company Profile

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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

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