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

Needham & Company LLC reiterated their hold rating on shares of Zuora (NYSE:ZUO) in a research report report published on Monday morning, MarketBeat reports. They currently have a $15.00 target price on the stock.

A number of other equities analysts have also weighed in on the stock. Craig Hallum lowered shares of Zuora from a “buy” rating to a “hold” rating and cut their target price for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. Lake Street Capital restated a “hold” rating and set a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.43.

Zuora Trading Down 0.1 %

NYSE:ZUO opened at $9.87 on Monday. Zuora has a 12 month low of $7.05 and a 12 month high of $10.85. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90. The firm’s 50 day moving average is $8.85 and its 200 day moving average is $9.25. The stock has a market capitalization of $1.50 billion, a PE ratio of -30.84 and a beta of 1.72.

Zuora (NYSE:ZUO) last released its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business had revenue of $115.40 million during the quarter, compared to the consensus estimate of $112.63 million. During the same period last year, the business posted ($0.12) earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis.

Insiders Place Their Bets

In other news, insider Peter Hirsch sold 18,855 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the transaction, the insider now directly owns 19,279 shares in the company, valued at $174,667.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Peter Hirsch sold 18,855 shares of Zuora stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the sale, the insider now owns 19,279 shares in the company, valued at approximately $174,667.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Todd Mcelhatton sold 51,879 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $432,670.86. Following the transaction, the chief financial officer now directly owns 356,875 shares of the company’s stock, valued at $2,976,337.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,081 shares of company stock worth $1,857,391 in the last three months. 8.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Zuora

A number of hedge funds have recently made changes to their positions in ZUO. Arizona State Retirement System increased its stake in Zuora by 4.0% in the second quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock valued at $364,000 after acquiring an additional 1,402 shares during the last quarter. CWM LLC boosted its holdings in shares of Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after purchasing an additional 1,590 shares in the last quarter. Diversified Trust Co increased its position in shares of Zuora by 6.9% during the 3rd quarter. Diversified Trust Co now owns 41,564 shares of the company’s stock valued at $358,000 after purchasing an additional 2,692 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Zuora by 18.6% during the 1st quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after buying an additional 2,851 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Zuora by 12.8% during the 1st quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock valued at $243,000 after buying an additional 3,029 shares in the last quarter. 83.02% of the stock is owned by institutional investors.

About Zuora

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.