Summit Trail Advisors LLC grew its position in shares of Zendesk Inc (NYSE:ZEN) by 5,591.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,596,212 shares of the software maker’s stock after acquiring an additional 1,568,164 shares during the quarter. Summit Trail Advisors LLC owned 1.53% of Zendesk worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of ZEN. Pendal Group Ltd purchased a new position in Zendesk during the 1st quarter worth $188,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Zendesk by 47.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock worth $194,000 after acquiring an additional 1,836 shares during the last quarter. Aperio Group LLC purchased a new position in Zendesk during the 1st quarter worth $215,000. Zeke Capital Advisors LLC purchased a new position in Zendesk during the 1st quarter worth $263,000. Finally, Invictus RG purchased a new position in Zendesk during the 4th quarter worth $268,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. Craig Hallum lifted their price objective on shares of Zendesk from $45.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, May 18th. KeyCorp reaffirmed a “buy” rating and set a $58.00 price objective on shares of Zendesk in a report on Friday, May 18th. Stifel Nicolaus lifted their price objective on shares of Zendesk from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, May 18th. JMP Securities boosted their price target on shares of Zendesk from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 18th. Finally, Morgan Stanley boosted their price target on shares of Zendesk from $48.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, May 2nd. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Zendesk presently has a consensus rating of “Buy” and an average target price of $48.13.
Shares of Zendesk opened at $58.05 on Wednesday, Marketbeat.com reports. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $6.15 billion, a P/E ratio of -56.36 and a beta of 1.55. Zendesk Inc has a fifty-two week low of $25.09 and a fifty-two week high of $60.26.
Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, May 1st. The software maker reported ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. The business had revenue of $129.79 million for the quarter, compared to the consensus estimate of $126.76 million. Zendesk had a negative net margin of 24.18% and a negative return on equity of 30.37%. analysts expect that Zendesk Inc will post -0.97 EPS for the current year.
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.
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