Zuora (NYSE:ZUO) Given Buy Rating at Needham & Company LLC

Zuora (NYSE:ZUO)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $15.00 target price on the stock. Needham & Company LLC’s price objective indicates a potential upside of 50.60% from the stock’s previous close.

Several other research firms also recently issued reports on ZUO. The Goldman Sachs Group raised Zuora from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.00 to $12.00 in a research note on Tuesday, January 23rd. Robert W. Baird reduced their price target on Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Finally, Canaccord Genuity Group cut their price objective on Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th.

Zuora Price Performance

NYSE ZUO traded down $0.06 during trading on Tuesday, hitting $9.96. 813,121 shares of the company’s stock were exchanged, compared to its average volume of 1,527,681. The company has a market cap of $1.45 billion, a PE ratio of -20.75 and a beta of 1.90. 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 has a fifty-two week low of $7.05 and a fifty-two week high of $12.12. The stock’s 50 day moving average price is $8.85 and its two-hundred day moving average price is $8.61.

Zuora (NYSE:ZUO) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.10. The business had revenue of $110.67 million during the quarter, compared to the consensus estimate of $110.80 million. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. Research analysts expect that Zuora will post -0.15 EPS for the current year.

Insider Activity at Zuora

In other news, 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 completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $56,342.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Zuora news, CEO Tien Tzuo sold 81,635 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $8.87, for a total transaction of $724,102.45. Following the completion of the sale, the chief executive officer now owns 6,352 shares in the company, valued at approximately $56,342.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew M. Cohen sold 11,864 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $102,149.04. Following the completion of the sale, the insider now owns 137,898 shares in the company, valued at approximately $1,187,301.78. The disclosure for this sale can be found here. Insiders have sold a total of 481,854 shares of company stock worth $4,393,048 in the last 90 days. Corporate insiders own 9.25% of the company’s stock.

Hedge Funds Weigh In On Zuora

A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Zuora by 18.6% during the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after purchasing an additional 2,851 shares in the last quarter. Taylor Frigon Capital Management LLC lifted its position in shares of Zuora by 24.8% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 362,962 shares of the company’s stock worth $3,310,000 after buying an additional 72,023 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Zuora by 42.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 67,436 shares of the company’s stock worth $615,000 after buying an additional 20,156 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Zuora by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 16,344,929 shares of the company’s stock valued at $153,642,000 after acquiring an additional 602,866 shares in the last quarter. Finally, Palogic Value Management L.P. increased its position in shares of Zuora by 18.5% during the fourth quarter. Palogic Value Management L.P. now owns 417,000 shares of the company’s stock valued at $3,920,000 after acquiring an additional 65,000 shares during the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

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.