Zuora (NYSE:ZUO) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Zuora (NYSE:ZUO) in a research note issued to investors on Thursday, Benzinga reports. They currently have a $15.00 price target on the stock.

Several other research firms also recently issued reports on ZUO. Robert W. Baird upped their price objective on shares of Zuora from $8.00 to $10.00 and gave the company a neutral rating in a research note on Tuesday, May 28th. Lake Street Capital raised their price objective on Zuora from $12.00 to $13.00 and gave the company a buy rating in a research note on Thursday, May 23rd. Jefferies Financial Group raised their price objective on Zuora from $9.00 to $10.00 and gave the stock a hold rating in a report on Thursday, May 23rd. Finally, Canaccord Genuity Group reiterated a buy rating and issued a $13.00 target price on shares of Zuora in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $12.17.

Zuora Stock Up 3.2 %

Zuora stock opened at $9.93 on Thursday. Zuora has a twelve month low of $7.05 and a twelve month high of $11.80. The stock’s fifty day simple moving average is $9.90 and its 200-day simple moving average is $9.17. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $1.45 billion, a P/E ratio of -23.09 and a beta of 1.72.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09. The firm had revenue of $109.77 million during the quarter, compared to the consensus estimate of $108.80 million. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. As a group, equities analysts expect that Zuora will post -0.16 earnings per share for the current fiscal year.

Insider Transactions at Zuora

In related news, insider Andrew M. Cohen sold 11,864 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $102,149.04. Following the completion of the sale, the insider now directly owns 137,898 shares of the company’s stock, valued at $1,187,301.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Andrew M. Cohen sold 11,864 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $102,149.04. Following the completion of the transaction, the insider now directly owns 137,898 shares in the company, valued at $1,187,301.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Todd Mcelhatton sold 31,006 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $266,961.66. Following the sale, the chief financial officer now directly owns 277,803 shares in the company, valued at approximately $2,391,883.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 400,219 shares of company stock valued at $3,668,945. 8.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZUO. DekaBank Deutsche Girozentrale acquired a new stake in Zuora during the 3rd quarter valued at $25,000. Quent Capital LLC bought a new stake in Zuora in the first quarter worth $83,000. Sherbrooke Park Advisers LLC bought a new stake in Zuora in the third quarter worth $88,000. MQS Management LLC bought a new stake in Zuora during the third quarter valued at about $129,000. Finally, Cornerstone Investment Partners LLC bought a new stake in Zuora during the fourth quarter valued at about $166,000. Institutional investors own 83.02% of the company’s stock.

Zuora Company Profile

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.