Zendesk (NYSE:ZEN) Target Raised by Goldman Sachs Group Inc to $113.00

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Zendesk stock has undergone multiple analysts rating changes in the recent past.  Zendesk stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $113.00. The analysts previously had $96.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 32.15% from the stock’s previous close.

Shares of Zendesk traded down -$0.40 on Monday, reaching $86.10. 1398667 shares of the stock traded hands, compared to its average volume of 2117736. Shares of were trading at $86.10 on Monday. The firm’s 50 day moving average is $79.45 and its 200 day moving average is 75.93.Zendesk  has a 12 month low of $84.60 and a 12 month high of $94.89. While on yearly highs and lows, Zendesk today has traded high as $87.49 and has touched $84.60 on the downward trend.

Zendesk Earnings and What to expect: 

Zendesk last announced its quarterly earnings results on April 30th, 2020. The software maker reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $237.50 million for the quarter, compared to analyst estimates of $236.94 million. Its revenue was up 30.9% on a year-over-year basis. Zendesk has generated ($1.19) earnings per share over the last year. Zendesk has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

Earnings for Zendesk are expected to grow in the coming year, from ($0.76) to ($0.63) per share. The P/E ratio of Zendesk is -56.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Zendesk is -56.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Zendesk has a P/B Ratio of 21.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 4.30%
  • On 6/22/2020 CFO Elena Gomez Sell 5,000 at average share price of $82.00 which equates to $410,000.00 in money value.
  • On 6/22/2020 Insider Inamarie Johnson Sell 406 at average price of  $85.00 with total value of : Not Data Available
  • On 6/18/2020 CMO Jeffrey J Titterton Sell 1,700 at average price of  $83.36 with total value of : $141,712.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Zendesk

  • 6/16/2020 – Zendesk had its price target raised by analysts at Canaccord Genuity from $85.00 to $95.00. They now have a “buy” rating on the stock. ()
  • 5/28/2020 – Zendesk had its price target raised by analysts at Royal Bank of Canada from $85.00 to $100.00. They now have an “outperform” rating on the stock. ()
  • 5/28/2020 – Zendesk had its price target raised by analysts at Jefferies Financial Group Inc from $85.00 to $91.00. They now have a “buy” rating on the stock. ()
  • 5/1/2020 – Zendesk had its price target lowered by analysts at Stifel Nicolaus from $85.00 to $75.00. They now have a “hold” rating on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Bill.com is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $34.00 price target on the stock. ()
  • 6/29/2020 – Zuora had its price target raised by analysts at Goldman Sachs Group Inc from $10.00 to $11.00. ()
  • 6/29/2020 – Workiva had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $52.00. ()
  • 6/29/2020 – Veeva Systems had its price target raised by analysts at Goldman Sachs Group Inc from $197.00 to $228.00. ()
  • See More Analyst Rating at: RATING

Zendesk (NYSE:ZEN) Moving Average Technical Analysis

5 day Moving Average is $84.77 And 5 day price change is 0.8 (0.0094)  with average volume for 5 day average is 2,137,671. While technical analysis for average 20 days shows significant difference, 20 day moving average is  83.8 and 20 day price change is -1.81 (-2.07%) and average 20 day moving volume is 2,079,888. 50 day moving average is 79.45  and 50 day price change is 12.57 ( 0.1718)  and with average volume for 50 days is : 2,018,157. 200 day moving average is 75.93  and 200 day price change is 11.52 (0.1552)  and with average volume for 200 days is : 1,990,839.

See More Analyst Rating at: RATING