JMP Securities Reiterates a Buy Rating on Zendesk

By Austin Angelo

In a report released today, Patrick Walravens from JMP Securities reiterated a Buy rating on Zendesk (NYSE: ZEN). The company’s shares opened today at $22.41.

According to TipRanks.com, Walravens is a 5-star analyst with an average return of 8.1% and a 59.6% success rate. Walravens covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and Coupa Software Inc.

Zendesk has an analyst consensus of Moderate Buy, with a price target consensus of $33.

The company has a one year high of $31.88 and a one year low of $14.39. Currently, Zendesk has an average volume of 1M.

Based on the recent corporate insider activity of 149 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Dana Stalder, a Director at ZEN sold 30,000 shares for a total of $928,200.

Zendesk, Inc. offers software-as-a-service, or SaaS, customer service platform which enables companies to provide customer support. It operates through the United States and Europe, the Middle East, and Africa geographical segments. It offers customer support, customer self-service help center, customer engagement, strategic analytics, Zendesk Embeddables, subscription plans, analytics software, and subscription plans. The company was founded by Mikkel Asger Svane, Morten Primdahl and Alexander Aghassipour in 2007 and is headquartered in San Francisco, CA.