Zendesk Inc. (NYSE:ZEN) does about 2.00M shares in volume on a normal day but saw 2600575 shares change hands in Tuesday trading. The company now has a market cap of 11.68B USD. Its current market price is $103.10, marking an increase of 6.97% compared to the previous close of $96.38. The 52 week high reached by this stock is $101.94 whilst the lowest price level in 52 weeks is $50.23. The script in recent trading has seen the stock touch a high of $103.97 and a low of $98.01.
Zendesk Inc. (ZEN) has a 20-day trading average at $89.84 and the current price is 1.14% off the 52-week high compared with 105.26% distance from its 52-week low. The 50-day simple moving average of the closing price is $90.58 and its 200-day simple moving average is $80.39. If we look at the stock’s price movements over the week, volatility stands at 3.80%, which decreases to 3.11% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.72 to suggest the stock is overbought.
22 analysts observing the Zendesk Inc. (ZEN) stock have set the 12-month price targets for the company’s shares at between $90.00 and $123.00. The consensus objective for the share price is $108.17, suggesting that the stock has a potential upside of 4.69% over the period. The median price target is 8.36% away from the current levels at $112.50.
FactSet Research has provided data showing that 22 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 16 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 01, 2020 when Piper Sandler upgraded the stock to “Overweight” and issued a price target of between $87 and $123. Piper Sandler downgraded its price target at $76.
The current price level is 15.51%, 14.28%, and 28.47% away from its SMA20, SMA50, and SMA200 respectively, with the ZEN price moving above the 50-day SMA on September 01. Zendesk Inc. (ZEN) stock is up 17.76% over the week and 11.69% over the past month. Its price is 34.54% year-to-date and 30.29% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.14 above consensus estimates by $0.05. The company’s next earnings report is expected on 11/03/2020, with forecasts estimating quarterly EPS at $0.11 and $0.47 for whole year. ZEN’s earnings per share are forecast to grow by 51.60% this year and 48.90% over next year. Expected sales for next quarter are $273.57 million, which analysts say will come at $1.01 billion for the current fiscal year and next year at $1.26 billion. In addition, estimates put the company’s current quarterly revenue at an average of $253.74 million.
Its 12-month price target is $112.50. To reach the target analysts have set, the stock logically needs to grow 4.69 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $90.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $123.00.
Outstanding shares total 114.60M with insiders holding 1.38% of the shares and institutional holders owning 98.92% of the company’s common stock. The company has a return on investment of -17.50% and return on equity of -40.50%. The forward price to earnings ratio is 147.71. The beta has a value of 1.31. Price to book ratio is 28.80 and price to sales ratio is 12.64.
According to a U.S. Securities and Exchange Commission filing, T Rowe Price New Horizons Fund has reduced its position in Zendesk Inc. (ZEN) to 6,337,166 shares, mirroring a recent drop by -1.89%. T Rowe Price New Horizons Fund dumped -0.12 million shares of Zendesk Inc. common stock bringing its total worth to about $577.63 million at the end of recent close, SEC documents show. T Rowe Price New Horizons Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 1599.0 shares to end up with 3,258,521 shares worth $297.01 million. Vanguard Small Cap Index Fund cut their holdings by -1.00% in the company over the course of the most recent quarter. It now holds a 2.05% position in Zendesk Inc. thanks to 2.34 million shares amounting to $212.98 million.