Metropolitan Life Insurance Co NY cut its stake in Zendesk Inc (NYSE:ZEN) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,930 shares of the software maker’s stock after selling 166 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Zendesk were worth $674,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Prudential Financial Inc. increased its position in Zendesk by 2.8% in the fourth quarter. Prudential Financial Inc. now owns 5,450 shares of the software maker’s stock worth $318,000 after buying an additional 150 shares during the period. CWM LLC increased its position in Zendesk by 90.0% in the first quarter. CWM LLC now owns 532 shares of the software maker’s stock worth $45,000 after buying an additional 252 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in Zendesk in the first quarter worth $34,000. Sageworth Trust Co acquired a new stake in Zendesk in the first quarter worth $42,000. Finally, Flinton Capital Management LLC acquired a new stake in Zendesk in the fourth quarter worth $30,000. 97.45% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Jefferies Financial Group increased their target price on EXACT Sciences from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Canaccord Genuity increased their target price on TELUS from C$51.00 to C$52.00 in a research report on Wednesday, May 1st. Goldman Sachs Group began coverage on HubSpot in a report on Friday, June 7th. They set a “buy” rating and a $223.00 price target on the stock. Wells Fargo & Co lowered their price target on WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Deutsche Bank raised their price target on Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a report on Friday, March 29th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Zendesk has an average rating of “Buy” and an average target price of $92.39.
Shares of ZEN traded down $1.44 during trading hours on Friday, reaching $90.69. 1,048,380 shares of the company’s stock traded hands, compared to its average volume of 1,092,496. The stock has a fifty day simple moving average of $89.45. The company has a market cap of $10.09 billion, a price-to-earnings ratio of -95.46 and a beta of 1.52. Zendesk Inc has a twelve month low of $45.60 and a twelve month high of $94.89. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54.
Zendesk (NYSE:ZEN) last released its earnings results on Tuesday, April 30th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.28). The firm had revenue of $181.48 million for the quarter, compared to analyst estimates of $179.53 million. Zendesk had a negative return on equity of 25.37% and a negative net margin of 22.52%. Zendesk’s revenue was up 39.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. On average, research analysts forecast that Zendesk Inc will post -1.07 earnings per share for the current fiscal 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, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.
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