Zuora (NYSE:ZUO) Given New $10.00 Price Target at Jefferies Financial Group

Zuora (NYSE:ZUO) had its target price hoisted by Jefferies Financial Group from $9.00 to $10.00 in a research note released on Thursday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other equities analysts have also commented on the company. Robert W. Baird reduced their price objective on Zuora from $10.00 to $8.00 and set a neutral rating on the stock in a research report on Thursday, February 29th. Needham & Company LLC reiterated a buy rating and set a $15.00 price objective on shares of Zuora in a research report on Thursday. Finally, Canaccord Genuity Group reduced their price objective on Zuora from $16.00 to $13.00 and set a buy rating on the stock in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $11.83.

Zuora Stock Performance

NYSE:ZUO opened at $9.97 on Thursday. The business’s 50-day moving average price is $9.47 and its two-hundred day moving average price is $8.95. Zuora has a twelve month low of $7.05 and a twelve month high of $12.12. The stock has a market cap of $1.46 billion, a P/E ratio of -23.19 and a beta of 1.84. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.69.

Zuora (NYSE:ZUO) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.10. Zuora had a negative return on equity of 31.10% and a negative net margin of 14.28%. The firm had revenue of $110.67 million for the quarter, compared to analysts’ expectations of $110.80 million. As a group, equities analysts predict that Zuora will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrew M. Cohen sold 11,864 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $102,149.04. Following the sale, the insider now directly owns 137,898 shares of the company’s stock, valued at $1,187,301.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Andrew M. Cohen sold 11,864 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $102,149.04. Following the sale, the insider now directly owns 137,898 shares of the company’s stock, valued at $1,187,301.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Tien Tzuo sold 81,635 shares of the business’s stock in a transaction on 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 $56,342.24. The disclosure for this sale can be found here. Insiders have sold a total of 481,854 shares of company stock valued at $4,393,048 over the last ninety days. Company insiders own 8.62% of the company’s stock.

Institutional Investors Weigh In On Zuora

Several hedge funds have recently added to or reduced their stakes in ZUO. Scalar Gauge Management LLC bought a new stake in Zuora in the fourth quarter worth $12,620,000. Vanguard Group Inc. boosted its holdings in Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock worth $157,434,000 after acquiring an additional 917,565 shares in the last quarter. Circumference Group LLC bought a new stake in Zuora in the fourth quarter worth $6,392,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Zuora by 196.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 773,432 shares of the company’s stock worth $6,373,000 after acquiring an additional 512,700 shares in the last quarter. Finally, Bares Capital Management Inc. lifted its holdings 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 valued at $15,926,000 after purchasing an additional 511,292 shares in the last quarter. 83.02% of the stock is owned by 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.