Zuora (NYSE:ZUO) Stock Rating Reaffirmed by Lake Street Capital

Zuora (NYSE:ZUO)‘s stock had its “hold” rating restated by equities researchers at Lake Street Capital in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $10.00 price target on the stock. Lake Street Capital’s price objective would suggest a potential upside of 0.91% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Zuora in a report on Thursday, August 22nd. Finally, Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $12.00 to $10.00 in a research note on Monday, July 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.43.

Zuora Price Performance

NYSE ZUO opened at $9.91 on Friday. The stock has a 50-day moving average of $8.77 and a 200 day moving average of $9.22. Zuora has a one year low of $7.05 and a one year high of $10.85. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -23.05 and a beta of 1.72. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77.

Zuora (NYSE:ZUO) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 in the previous year, the company posted ($0.12) EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts forecast that Zuora will post -0.06 EPS for the current year.

Insider Activity at Zuora

In related news, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares in the company, valued at $1,434,755.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Peter Hirsch sold 18,855 shares of Zuora stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total value of $170,826.30. Following the transaction, the insider now owns 19,279 shares of the company’s stock, valued at $174,667.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew M. Cohen sold 20,773 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $173,246.82. Following the transaction, the insider now directly owns 172,033 shares in the company, valued at $1,434,755.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,081 shares of company stock worth $1,857,391 in the last quarter. 8.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZUO. Scalar Gauge Management LLC grew its stake in Zuora by 35.4% during the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock valued at $50,556,000 after purchasing an additional 1,332,343 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Zuora by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock worth $157,434,000 after buying an additional 917,565 shares during the last quarter. Bares Capital Management Inc. increased its position in shares of Zuora by 41.4% during the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after purchasing an additional 511,292 shares in the last quarter. Solel Partners LP grew its holdings in shares of Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after buying an additional 483,445 shares in the last quarter. Finally, Divisar Capital Management LLC purchased a new stake in Zuora during the 2nd quarter valued at about $4,575,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

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.