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

Needham & Company LLC reiterated their buy rating on shares of Zuora (NYSE:ZUO) in a research report report published on Thursday, Benzinga reports. They currently have a $15.00 price target on the stock.

ZUO has been the topic of several other research reports. Jefferies Financial Group lifted their target price on shares of Zuora from $9.00 to $10.00 and gave the company a hold rating in a report on Thursday, May 23rd. Canaccord Genuity Group reissued a buy rating and issued a $13.00 price objective on shares of Zuora in a research report on Thursday, May 23rd. Lake Street Capital boosted their price objective on shares of Zuora from $12.00 to $13.00 and gave the company a buy rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird boosted their target price on shares of Zuora from $8.00 to $10.00 and gave the company a neutral rating in a report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $12.17.

Zuora Price Performance

Zuora stock opened at $9.93 on Thursday. The company’s 50 day simple moving average is $9.90 and its 200-day simple moving average is $9.17. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -23.09 and a beta of 1.72. Zuora has a 1 year low of $7.05 and a 1 year high of $11.80. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. The company had revenue of $109.77 million for the quarter, compared to the consensus estimate of $108.80 million. As a group, equities research analysts expect that Zuora will post -0.16 earnings per share for the current year.

Insider Transactions at Zuora

In related news, CEO Tien Tzuo sold 239,198 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total value of $2,258,029.12. Following the completion of the transaction, the chief executive officer now owns 6,352 shares in the company, valued at approximately $59,962.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Andrew M. Cohen sold 11,864 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were 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 owns 137,898 shares in the company, valued at approximately $1,187,301.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tien Tzuo sold 239,198 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $9.44, for a total transaction of $2,258,029.12. Following the completion of the transaction, the chief executive officer now owns 6,352 shares of the company’s stock, valued at $59,962.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 400,219 shares of company stock worth $3,668,945. Insiders own 8.62% of the company’s stock.

Institutional Trading of Zuora

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in Zuora by 6.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,109,517 shares of the company’s stock valued at $9,142,000 after acquiring an additional 71,782 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Zuora by 13.2% in the 3rd quarter. Deutsche Bank AG now owns 64,787 shares of the company’s stock valued at $534,000 after purchasing an additional 7,536 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Zuora in the 3rd quarter valued at $25,000. Hsbc Holdings PLC lifted its position in Zuora by 171.8% during the 3rd quarter. Hsbc Holdings PLC now owns 99,115 shares of the company’s stock worth $814,000 after buying an additional 62,643 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in Zuora by 6.2% during the 3rd quarter. Federated Hermes Inc. now owns 29,762 shares of the company’s stock worth $245,000 after buying an additional 1,729 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

About Zuora

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.