Zuora’s (ZUO) “Buy” Rating Reiterated at Needham & Company LLC

Zuora (NYSE:ZUO)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a report issued on Tuesday, Benzinga reports. They presently have a $15.00 price target on the stock. Needham & Company LLC’s price objective suggests a potential upside of 51.36% from the stock’s current price.

Several other equities research analysts have also weighed in on ZUO. Robert W. Baird lowered 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. The Goldman Sachs Group raised shares of Zuora from a “neutral” rating to a “buy” rating and raised their target price for the company from $10.00 to $12.00 in a research note on Tuesday, January 23rd. Finally, Canaccord Genuity Group cut their target price on Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th.

Zuora Price Performance

NYSE ZUO opened at $9.91 on Tuesday. The stock has a market capitalization of $1.45 billion, a PE ratio of -20.65 and a beta of 1.90. The stock has a 50-day simple moving average of $8.93 and a 200 day simple moving average of $8.64. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43. Zuora has a twelve month low of $7.05 and a twelve month high of $12.12.

Zuora (NYSE:ZUO) last posted 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 company had revenue of $110.67 million for the quarter, compared to analyst estimates of $110.80 million. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. Research analysts anticipate that Zuora will post -0.15 EPS for the current year.

Insider Buying and Selling

In other news, insider Andrew M. Cohen sold 3,794 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $8.29, for a total transaction of $31,452.26. Following the completion of the transaction, the insider now directly owns 134,104 shares of the company’s stock, valued at $1,111,722.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Andrew M. Cohen sold 13,319 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $133,190.00. Following the completion of the transaction, the insider now owns 120,785 shares in the company, valued at approximately $1,207,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew M. Cohen sold 3,794 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total value of $31,452.26. Following the transaction, the insider now directly owns 134,104 shares of the company’s stock, valued at $1,111,722.16. The disclosure for this sale can be found here. Insiders have sold a total of 481,854 shares of company stock worth $4,393,048 over the last ninety days. Company insiders own 9.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ZUO. Jacobs Levy Equity Management Inc. lifted its stake in Zuora by 85.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 514,463 shares of the company’s stock valued at $4,239,000 after purchasing an additional 237,548 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Zuora by 14.0% in the third 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 during the period. Raymond James & Associates lifted its position in shares of Zuora by 9.4% in the fourth quarter. Raymond James & Associates now owns 87,208 shares of the company’s stock valued at $820,000 after buying an additional 7,525 shares during the last quarter. Roberts Wealth Advisors LLC acquired a new stake in shares of Zuora in the fourth quarter valued at approximately $220,000. Finally, Vanguard Group Inc. boosted its stake in shares of Zuora by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 15,742,063 shares of the company’s stock worth $129,715,000 after acquiring an additional 822,085 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.

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.