Zuora (NYSE:ZUO) PT Raised to $13.00

Zuora (NYSE:ZUO) had its target price hoisted by equities researchers at Lake Street Capital from $12.00 to $13.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 30.39% from the company’s current price.

A number of other equities research analysts have also weighed in on ZUO. Jefferies Financial Group upped their price objective on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday. 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 note on Thursday, February 29th. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of Zuora in a report on Thursday. Finally, Canaccord Genuity Group decreased their price target on Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.83.

Zuora Trading Down 2.3 %

Zuora stock opened at $9.97 on Thursday. Zuora has a fifty-two week low of $7.05 and a fifty-two week high of $12.12. 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 firm’s fifty day moving average price is $9.47 and its 200-day moving average price is $8.94.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.10. The firm had revenue of $110.67 million during the quarter, compared to analyst estimates of $110.80 million. Zuora had a negative return on equity of 31.10% and a negative net margin of 14.28%. Equities research analysts forecast that Zuora will post -0.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Tien Tzuo sold 239,198 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $59,962.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Zuora news, CEO Tien Tzuo sold 239,198 shares of the firm’s 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 sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $59,962.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd Mcelhatton sold 31,006 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $266,961.66. Following the transaction, the chief financial officer now owns 277,803 shares in the company, valued at approximately $2,391,883.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 481,854 shares of company stock worth $4,393,048. 8.62% of the stock is currently owned by company insiders.

Institutional Trading of Zuora

A number of hedge funds have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. lifted its position in Zuora by 85.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 514,463 shares of the company’s stock valued at $4,239,000 after acquiring an additional 237,548 shares during the period. Versor Investments LP boosted its position in shares of Zuora by 85.2% in the 4th quarter. Versor Investments LP now owns 25,210 shares of the company’s stock worth $237,000 after purchasing an additional 11,600 shares in the last quarter. Ieq Capital LLC grew its stake in shares of Zuora by 889.9% in the 4th quarter. Ieq Capital LLC now owns 151,656 shares of the company’s stock worth $1,426,000 after buying an additional 136,335 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Zuora by 14.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock valued at $27,277,000 after buying an additional 406,841 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Zuora by 4.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock valued at $263,000 after buying an additional 1,239 shares during the last quarter. Institutional investors own 83.02% of the company’s stock.

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.