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Zendesk Inc (NYSE:ZEN) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Zendesk Inc(NYSE:ZEN) to Hold in a report released on 9/20/2016.

Only yesterday Zendesk Inc (NYSE:ZEN) traded 0.64% lower at $29.65. Zendesk Inc’s 50-day average is $30.36 and its 200-day average is $25.76. The last close is up 15.12% from the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same time period. Trade volume was down over the average, with 245,471 shares of ZEN changing hands under the typical 943,534 shares..

Performance Graphic:

Zendesk Inc (NYSE:ZEN)

Zendesk Inc has a one-year low of $14.39 and a one-year high of $31.88 and has a total market value of $0.0.

A total of 13 analysts have released a ratings update on ZEN. Zero rate the stock a strong buy, 0 rate the stock a buy, 0 analysts rate the stock a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the company as sell with a consensus target price of $30.15

Brief Synopsis About Zendesk Inc (NYSE:ZEN)

Zendesk, Inc. is a software development company. The Company 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 Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers. The Company’s platform provides organizations with a single customer service interface to manage all their one-on-one customer interactions. The Company’s customer service platform helps organizations track and predict common questions and provides a path to answers. It offers a range of subscription plans for its customer service platform, which include Essential, Team, and Professional and Enterprise. Its analytics software allows subscribers to connect and build queries across multiple data sources and analyze results through a range of data visualizations.

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