Needham & Company LLC Reaffirms Hold Rating for Zuora (NYSE:ZUO)

Needham & Company LLC reissued their hold rating on shares of Zuora (NYSE:ZUO) in a research note released on Monday, Marketbeat Ratings reports. Needham & Company LLC currently has a $15.00 price target on the stock.

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

Zuora Stock Performance

Shares of Zuora stock opened at $9.88 on Monday. The business has a 50-day simple moving average of $8.85 and a 200-day simple moving average of $9.25. 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 has a one year low of $7.05 and a one year high of $10.85. The company has a market cap of $1.44 billion, a PE ratio of -22.98 and a beta of 1.72.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $115.40 million for the quarter, compared to the consensus estimate of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.12) EPS. On average, equities research analysts forecast that Zuora will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Zuora news, CEO Tien Tzuo sold 63,873 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 $532,700.82. Following the completion of the transaction, the chief executive officer now owns 63,312 shares in the company, valued at approximately $528,022.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Todd Mcelhatton sold 51,879 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $432,670.86. Following the transaction, the chief financial officer now directly owns 356,875 shares in the company, valued at $2,976,337.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tien Tzuo sold 63,873 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $532,700.82. Following the completion of the sale, the chief executive officer now owns 63,312 shares of the company’s stock, valued at approximately $528,022.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,081 shares of company stock valued at $1,857,391. 8.62% of the stock is owned by insiders.

Institutional Investors Weigh In On Zuora

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