Zuora’s (ZUO) “Hold” Rating Reaffirmed at Needham & Company LLC

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Needham & Company LLC reissued their hold rating on shares of Zuora (NYSE:ZUO) in a report published on Tuesday, AnalystRatings.com reports.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group raised their target price on shares of Zuora from $13.00 to $17.00 in a report on Wednesday, February 24th. Berenberg Bank initiated coverage on shares of Zuora in a report on Thursday, April 8th. They issued a buy rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $15.36.

Shares of ZUO opened at $17.33 on Tuesday. The company has a market capitalization of $2.10 billion, a P/E ratio of -25.12 and a beta of 2.20. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $14.99 and a 200 day moving average of $13.32. Zuora has a twelve month low of $8.96 and a twelve month high of $17.95.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Thursday, March 11th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The company had revenue of $79.30 million during the quarter, compared to the consensus estimate of $76.05 million. Zuora had a negative net margin of 27.34% and a negative return on equity of 47.35%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, sell-side analysts expect that Zuora will post -0.67 EPS for the current year.

In other news, SVP Jennifer Pileggi sold 2,454 shares of Zuora stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $15.12, for a total transaction of $37,104.48. Also, CEO Tien Tzuo sold 25,000 shares of Zuora stock in a transaction on Friday, January 22nd. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00. Following the transaction, the chief executive officer now owns 25,000 shares in the company, valued at approximately $375,000. The disclosure for this sale can be found here. Insiders have sold a total of 116,168 shares of company stock worth $1,819,807 in the last quarter. Corporate insiders own 26.02% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise raised its position in shares of Zuora by 122.2% during the 4th quarter. Banque Cantonale Vaudoise now owns 2,000 shares of the company’s stock valued at $28,000 after purchasing an additional 1,100 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Zuora during the 1st quarter valued at $62,000. Truist Financial Corp bought a new stake in shares of Zuora during the 4th quarter valued at $143,000. Cypress Growth Fund Iii LP bought a new stake in shares of Zuora during the 4th quarter valued at $174,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Zuora during the 4th quarter valued at $178,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Zuora Company Profile

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that allows customers to orient order-to-revenue operations.

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Analyst Recommendations for Zuora (NYSE:ZUO)

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