Zuora (NYSE:ZUO) PT Raised to $10.00

Zuora (NYSE:ZUO) had its target price raised by research analysts at Jefferies Financial Group from $9.00 to $10.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 0.30% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of Zuora in a research report on Thursday. Canaccord Genuity Group reduced their target price on Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Finally, Robert W. Baird dropped their price target on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.83.

Zuora Stock Down 2.3 %

NYSE:ZUO opened at $9.97 on Thursday. The company’s 50 day moving average is $9.47 and its two-hundred day moving average is $8.94. The company has a market cap of $1.46 billion, a PE ratio of -20.77 and a beta of 1.84. Zuora has a twelve month low of $7.05 and a twelve month high of $12.12. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $110.67 million during the quarter, compared to analysts’ expectations of $110.80 million. Zuora had a negative return on equity of 31.10% and a negative net margin of 14.28%. Analysts anticipate that Zuora will post -0.14 EPS for the current year.

Insider Activity

In other Zuora news, CEO Tien Tzuo sold 81,635 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $8.87, for a total transaction of $724,102.45. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $56,342.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zuora news, insider Andrew M. Cohen sold 13,319 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total transaction of $133,190.00. Following the transaction, the insider now directly owns 120,785 shares of the company’s stock, valued at approximately $1,207,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tien Tzuo sold 81,635 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $8.87, for a total value of $724,102.45. Following the transaction, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $56,342.24. The disclosure for this sale can be found here. Insiders sold 481,854 shares of company stock worth $4,393,048 over the last three months. Insiders own 8.62% of the company’s stock.

Institutional Investors Weigh In On Zuora

Several large investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. lifted its stake in shares of Zuora by 85.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 514,463 shares of the company’s stock worth $4,239,000 after acquiring an additional 237,548 shares during the period. Versor Investments LP raised its stake in shares of Zuora by 85.2% during the 4th quarter. Versor Investments LP now owns 25,210 shares of the company’s stock worth $237,000 after buying an additional 11,600 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of Zuora by 889.9% in the 4th quarter. Ieq Capital LLC now owns 151,656 shares of the company’s stock valued at $1,426,000 after buying an additional 136,335 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Zuora by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock valued at $27,277,000 after buying an additional 406,841 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Zuora by 4.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock worth $263,000 after acquiring an additional 1,239 shares during the period. Hedge funds and other 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.