Zendesk Inc. (NYSE:ZEN) finished Thursday with a subtraction of -$0.16 to close at $76.36, a downside of -0.21 percent. An average of 3,412,460 shares of common stock have been traded in the last five days. There was a fall of -$0.23 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,496,825 shares traded, while the 50-day average volume stands at 2,599,664.
ZEN stock has decreased by -0.14% in the last month. The company shares reached their 1-month lowest point of $76.31 on 09/22/22. With the stock rallying to its 52-week high on 04/19/22, shares of the company touched a low of $54.16 and a high of $136.30 in 52 weeks. It has reached a new high 8 times so far this year and lost -26.78% or -$27.93 in price. In spite of this, the price is down -43.98% from the 52-week high.
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7 days have passed since Zendesk Inc. (ZEN) last reported insider trading activity. Gennaro Norman, who is President of Sales, most recently acquired $7,000 shares at $76.55 per share on Sep 16. In this transaction, the insider spent $535,850. Chief Operating Officer, Titterton Jeffrey J, disposed of 20,000 shares at a price of $76.75 on Aug 18. The insider now owns more than $1,535,000 worth of shares. Prior to that, Chief Technology Officer McDermott Adrian went on to Sale 813 shares at $76.43 each on Aug 17. An amount of $62,138 was transacted.
Zendesk Inc. (ZEN) stock’s beta is 0.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.21, the price-to-book (PB) ratio at 28.71, and the price-to-cash flow ratio at 63.91.
The quick ratio of Zendesk Inc. for the three months ended June 29 was 1.60, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.48 and a total debt to equity ratio of 3.94 for the quarter ending June 29. Its gross profit as reported stood at $1.06 billion compared to revenue of $1.34 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Zendesk Inc.’s return on assets was -11.50%.
For the three-month period that ended June 29, Zendesk Inc. had $590.26 million in cash and short-term investments compared to $1.14 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$95.08 million in the quarter, while revenues of -$66.95 million were grew 38.57%. The analyst consensus anticipated Zendesk Inc.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.14, a 16.70% surprise. For the quarter, EBITDA amounted to -$60.21 million. Shareholders own equity worth $123.43 million.
From a technical analysis perspective, let’s take a brief look at Zendesk Inc. (ZEN) price momentum. RSI 9-day as of the close on 22 September was 38.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 2.88%.
As of today, ZEN’s price is $76.51 -0.30% or -$0.23 from its 5-day moving average. ZEN is currently trading -0.16% lower than its 20-day SMA and -37.43% lower than its 100-day SMA. However, the stock’s current price level is +2.65% above the SMA50 and -22.01% below the SMA200.
The stochastic %K and %D were 15.08% and 19.18%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 7.04% and the average true range at 0.36, the RSI (14) stands at 46.90%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.
William Blair downgraded Zendesk Inc. (NYSE: ZEN) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Zendesk Inc. (ZEN) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ZEN, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is ZEN’s price target for the next 12 months?
Analysts predict a range of price targets between $77.50 and $193.00, with a median target of $77.50. Taking a look at these predictions, the average price target given by analysts for Zendesk Inc. (ZEN) stock is $87.17.