Zuora (NYSE:ZUO) Price Target Raised to $13.00 at Lake Street Capital

Zuora (NYSE:ZUO) had its target price upped by Lake Street Capital from $12.00 to $13.00 in a report released on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the stock. Canaccord Genuity Group reduced their price objective on shares of Zuora from $16.00 to $13.00 and set a buy rating for the company in a research note on Thursday, February 29th. Needham & Company LLC reiterated a buy rating and issued a $15.00 price target on shares of Zuora in a research note on Thursday. Jefferies Financial Group raised their price target on Zuora from $9.00 to $10.00 and gave the company a hold rating in a report on Thursday. Finally, Robert W. Baird dropped their price objective on Zuora from $10.00 to $8.00 and set a neutral rating for the company in a research note on Thursday, February 29th. Two 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 presently has an average rating of Moderate Buy and a consensus price target of $11.83.

Zuora Stock Performance

NYSE:ZUO opened at $9.97 on Thursday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a 50-day simple moving average of $9.47 and a two-hundred day simple moving average of $8.95. The firm has a market capitalization of $1.46 billion, a PE ratio of -23.19 and a beta of 1.84. Zuora has a 52-week low of $7.05 and a 52-week high of $12.12.

Zuora (NYSE:ZUO) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The firm had revenue of $110.67 million for 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 forecast that Zuora will post -0.14 EPS for the current year.

Insider Buying and Selling at Zuora

In other news, insider Andrew M. Cohen sold 11,864 shares of Zuora stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. In other news, insider Andrew M. Cohen sold 11,864 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 137,898 shares in the company, valued at approximately $1,187,301.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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 disclosure for this sale can be found here. Insiders sold 481,854 shares of company stock valued at $4,393,048 in the last 90 days. Insiders own 8.62% of the company’s stock.

Institutional Trading of Zuora

Several hedge funds have recently made changes to their positions in ZUO. Allspring Global Investments Holdings LLC purchased a new position in Zuora in the third quarter worth about $25,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Zuora in the 3rd quarter valued at approximately $25,000. Quent Capital LLC purchased a new position in shares of Zuora in the 1st quarter worth approximately $83,000. Sherbrooke Park Advisers LLC bought a new position in shares of Zuora during the 3rd quarter valued at approximately $88,000. Finally, MQS Management LLC purchased a new stake in Zuora during the 3rd quarter valued at $129,000. 83.02% of the stock is currently 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.