Citigroup slashes price target on Zendesk Inc. [ZEN] – find out why.

Zendesk Inc. [NYSE: ZEN] closed the trading session at $87.26 on 08/10/20. The day’s price range saw the stock hit a low of $85.859, while the highest price level was $89.83. The company report on August 6, 2020 that Zendesk To Present At Upcoming Investor Conferences.

Zendesk, Inc. (NYSE:ZEN) today announced its participation in two upcoming conferences.

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A live webcast of each presentation will be accessible by visiting Zendesk’s investor website at investor.zendesk.com. An archived version will be available for six months.

The stocks have a year to date performance of 13.87 percent and weekly performance of -5.47 percent. The stock has been moved at -2.17 percent over the last six months. The stock has performed -5.66 percent around the most recent 30 days and changed 10.82 percent over the most recent 3-months.

If compared to the average trading volume of 2.14M shares, ZEN reached to a volume of 1938298 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Zendesk Inc. [ZEN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZEN shares is $106.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZEN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Zendesk Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 16, 2020. The new note on the price target was released on May 01, 2020, representing the official price target for Zendesk Inc. stock. Previously, the target price had yet another raise to $76, while Evercore ISI analysts kept a In-line rating on ZEN stock.

The Average True Range (ATR) for Zendesk Inc. is set at 3.82, with the Price to Sales ratio for ZEN stock in the period of the last 12 months amounting to 11.20. The Price to Book ratio for the last quarter was 24.37, with the Price to Cash per share for the same quarter was set at 8.40.

ZEN stock trade performance evaluation

Zendesk Inc. [ZEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.47. With this latest performance, ZEN shares dropped by -5.66% in over the last four-week period, additionally sinking by -2.17% over the last 6 months – not to mention a rise of 14.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZEN stock in for the last two-week period is set at 43.29, with the RSI for the last a single of trading hit 35.79, and the three-weeks RSI is set at 46.82 for Zendesk Inc. [ZEN]. The present Moving Average for the last 50 days of trading for this stock 88.60, while it was recorded at 89.87 for the last single week of trading, and 78.82 for the last 200 days.

Zendesk Inc. [ZEN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Zendesk Inc. [ZEN] shares currently have an operating margin of -19.17 and a Gross Margin at +71.40. Zendesk Inc.’s Net Margin is presently recorded at -20.84.

Return on Total Capital for ZEN is now -16.24, given the latest momentum, and Return on Invested Capital for the company is -17.87. Return on Equity for this stock declined to -38.78, with Return on Assets sitting at -12.33. When it comes to the capital structure of this company, Zendesk Inc. [ZEN] has a Total Debt to Total Equity ratio set at 128.55. Additionally, ZEN Total Debt to Total Capital is recorded at 56.25, with Total Debt to Total Assets ending up at 38.87. Long-Term Debt to Equity for the company is recorded at 123.79, with the Long-Term Debt to Total Capital now at 54.16.

Reflecting on the efficiency of the workforce at the company, Zendesk Inc. [ZEN] managed to generate an average of -$47,522 per employee. Receivables Turnover for the company is 7.64 with a Total Asset Turnover recorded at a value of 0.59.Zendesk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 2.70.

Earnings per share (EPS) analysis for Zendesk Inc. [ZEN] stock

With the latest financial reports released by the company, Zendesk Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZEN.

Zendesk Inc. [ZEN]: Insider Ownership positions

There are presently around $9,903 million, or 98.92% of ZEN stock, in the hands of institutional investors. The top three institutional holders of ZEN stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 11,981,817, which is approximately -10.118% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 9,997,734 shares of the stock with an approximate value of $872.4 million in ZEN stocks shares; and FMR LLC, currently with $774.37 million in ZEN stock with ownership of nearly 62.387% of the company’s market capitalization.

Positions in Zendesk Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 192 institutional holders increased their position in Zendesk Inc. [NYSE:ZEN] by around 20,274,676 shares. Additionally, 174 investors decreased positions by around 18,326,015 shares, while 37 investors held positions by with 74,888,892 shares. The mentioned changes placed institutional holdings at 113,489,583 shares, according to the latest SEC report filing. ZEN stock had 58 new institutional investments in for a total of 2,637,173 shares, while 63 institutional investors sold positions of 5,759,679 shares during the same period.

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