In today’s session Zendesk Inc (ZEN) recorded an unusually high (1,144) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ZEN decrease. With 1,144 contracts traded and 584 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ZEN161118P00022500 closed last at: $0.7 or 26.3% down. About 64 shares traded hands. Zendesk Inc (NYSE:ZEN) has risen 8.58% since April 5, 2016 and is uptrending. It has outperformed by 6.62% the S&P500.
Zendesk Inc (NYSE:ZEN) Ratings Coverage
Out of 12 analysts covering Zendesk (NYSE:ZEN), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. $35 is the highest target while $25 is the lowest. The $30.64 average target is 28.15% above today’s ($23.91) stock price. Zendesk has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Summit Research given on Monday, March 28. The firm earned “Buy” rating on Tuesday, September 22 by Craig Hallum. The stock has “Buy” rating given by Canaccord Genuity on Thursday, August 6. The stock of Zendesk Inc (NYSE:ZEN) has “Buy” rating given on Monday, July 18 by Summit Redstone Partners. The company was maintained on Thursday, July 14 by Morgan Stanley. The stock of Zendesk Inc (NYSE:ZEN) has “Buy” rating given on Thursday, August 27 by Rosenblatt. The stock of Zendesk Inc (NYSE:ZEN) earned “Overweight” rating by Morgan Stanley on Thursday, September 10. Credit Suisse upgraded the shares of ZEN in a report on Friday, September 11 to “Outperform” rating. The firm has “Buy” rating by Zacks given on Wednesday, August 5. Piper Jaffray initiated it with “Overweight” rating and $35 target price in Wednesday, June 1 report.
According to Zacks Investment Research, “Zendesk, Inc. is a software development company. It provides a software-as-a-service, or SaaS, customer service platform. The Company offers applications that allow clients to manage incoming support requests from end customers from any Internet connected computer. It provides customer service through its platform in approximately 40 languages to customers in various industries, such as business technology, telecommunications, education/non-profit, consumer technology, media/entertainment, and retail/ecommerce. Zendesk, Inc. is headquartered in San Francisco, California.”
Zendesk, Inc. is a software development company. The company has a market cap of $2.24 billion. The Firm provides software as a service customer service platform. It currently has negative earnings. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking.
ZEN Company Profile
Zendesk, Inc., incorporated on March 3, 2009, is a software development company. The Firm provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Firm also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.
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