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

Needham & Company LLC reissued their hold rating on shares of Zuora (NYSE:ZUO) in a report released on Monday, MarketBeat.com reports. The firm currently has a $15.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and cut their price target for the company from $12.00 to $10.00 in a research report on Monday, July 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $10.00 price objective on shares of Zuora in a research report on Friday, October 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.43.

Zuora Stock Down 0.1 %

Shares of ZUO opened at $9.87 on Monday. The stock’s 50-day moving average price is $8.85 and its two-hundred day moving average price is $9.25. Zuora has a 12 month low of $7.05 and a 12 month high of $10.85. The company has a market capitalization of $1.50 billion, a PE ratio of -30.84 and a beta of 1.72. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90.

Zuora (NYSE:ZUO) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis.

Insider Buying and Selling at Zuora

In other news, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the transaction, the insider now directly owns 172,033 shares in the company, valued at $1,434,755.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Peter Hirsch sold 18,855 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the transaction, the insider now owns 19,279 shares in the company, valued at $174,667.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $173,246.82. Following the transaction, the insider now directly owns 172,033 shares in the company, valued at approximately $1,434,755.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,081 shares of company stock worth $1,857,391. 8.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zuora

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zuora in the 2nd quarter worth $44,000. CWM LLC boosted its holdings in Zuora by 25.0% during the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after purchasing an additional 1,590 shares during the last quarter. Castleview Partners LLC bought a new stake in Zuora in the 3rd quarter worth about $79,000. Quent Capital LLC purchased a new stake in Zuora in the 1st quarter valued at about $83,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Zuora during the 2nd quarter worth approximately $85,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

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.