Zendesk Inc. (NYSE:ZEN) saw an upside of 4.02% to close Tuesday at $114.71 after adding $4.43 on the day. The 5-day average trading volume is 1,050,600 shares of the company’s common stock. It has gained $115.66 in the past week. An average of 1,445,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,308,018.
ZEN’s 1-month performance is -0.51% or -$2.54 on its low of $109.55 reached on 10/05/21. The company’s shares have touched a 52-week low of $103.28 and high of $166.60, with the stock’s rally to the 52-week high happening on 02/05/21. YTD, ZEN has lost -19.85% or -$28.41. However, the current price is down -31.15%% from the 52-week high price.
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On Oct 06, 7 days have gone by since the last insider trading activity for Zendesk Inc. (ZEN). Abildgaard Soren (EVP of Engineering) most recently sold 2,188 shares at $110.67 per share on Oct 06. This transaction cost the insider $242,146. EVP of Engineering, Abildgaard Soren, sold 251 shares at a price of $121.83 on Sep 20. Then, on Sep 15, Chair and CEO Svane Mikkel sold 43,875 shares at a price of $116.76 per share. This transaction amounted to $5,122,897.
Zendesk Inc. (ZEN) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.86 for the sector.ZEN stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.07 while the price-to-book (PB) in the most recent quarter is 29.41, with the price to cash flow ratio at 110.52.
Zendesk Inc.’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 1.70 meaning that ZEN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.06, while the total debt to equity was 2.36. In terms of profitability, the gross margin trailing 12 months is 77.90%. The trailing 12-month EBITDA margin is -8.83% while for the period ending June 29; Zendesk Inc.’s operating margin was -14.00%. The firm’s gross profit as reported stood at $778.31 million against revenue of $1.03 billion.
For the quarterly period ending June 29 this year, Zendesk Inc.’s cash and short-term investments amounted to $515.56 million against total debt of $1.18 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 22.49% to $318.22 million, while revenue of $298.05 million was 6.34% off the previous quarter. Analysts expected ZEN to announce $0.16 per share in earnings in its latest quarter, but it posted $0.13, representing a -18.80% surprise. EBITDA for the quarter stood at more than -$4.43 million. ZEN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.78 billion, with total debt at $1.18 billion. Shareholders hold equity totaling $120.02 million
Let’s look briefly at Zendesk Inc. (ZEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 46.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.29%.
The stock’s 5-day moving average is $112.68, reflecting a +2.50% or $2.80 change from its current price. ZEN is currently trading -0.68% above its 20-day SMA, -15.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.32% and -19.69% respectively.
Stochastic %K and %D was 16.00% and 16.50% and the average true range (ATR) pointed at 3.71. The RSI (14) points at 43.76%, while the 14-day stochastic is at 29.10% with the period’s ATR at 3.66. The stock’s 9-day MACD Oscillator is pointing at -0.93 and -3.47 on the 14-day charts.
In the most recent analyst report for Zendesk Inc. (NYSE: ZEN), UBS upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for ZEN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ZEN as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.
What is ZEN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $160.00 and a high of $193.00, with their median price target at $180.00. Looking at these predictions, the average price target given by analysts is for Zendesk Inc. (ZEN) stock is $179.25.