Zuora’s (ZUO) Hold Rating Reiterated at Needham & Company LLC

Zuora (NYSE:ZUO)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a note issued to investors on Monday, Benzinga reports. They currently have a $15.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 51.36% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $12.00 to $10.00 in a research note on Monday, July 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Finally, Lake Street Capital reissued a “hold” rating and issued a $10.00 price objective on shares of Zuora in a research note on Friday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Zuora presently has a consensus rating of “Hold” and a consensus target price of $11.43.

Zuora Stock Performance

ZUO opened at $9.91 on Monday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -23.05 and a beta of 1.72. The company has a fifty day moving average of $8.77 and a 200 day moving average of $9.23. Zuora has a fifty-two week low of $7.05 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.09. The company had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $112.63 million. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. Zuora’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted ($0.12) earnings per share. As a group, sell-side analysts forecast that Zuora will post -0.06 earnings per share for the current fiscal year.

Insider Activity at Zuora

In related news, insider Andrew M. Cohen sold 20,773 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares in the company, valued at approximately $1,434,755.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Andrew M. Cohen sold 20,773 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares in the company, valued at approximately $1,434,755.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd Mcelhatton sold 51,879 shares of the business’s 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 $432,670.86. Following the completion of the sale, the chief financial officer now owns 356,875 shares of the company’s stock, valued at $2,976,337.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,081 shares of company stock worth $1,857,391. Company insiders own 8.62% of the company’s stock.

Institutional Trading of Zuora

Large investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Zuora in the second quarter worth approximately $44,000. CWM LLC increased its position in shares of 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 in the last quarter. Quent Capital LLC acquired a new position in shares of Zuora during the first quarter worth $83,000. Canada Pension Plan Investment Board acquired a new position in shares of Zuora during the second quarter worth $85,000. Finally, Williams Financial LLC acquired a new position in shares of Zuora during the second quarter worth $119,000. Hedge funds and other 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.