Zuora (NYSE:ZUO) Stock Rating Reaffirmed by Lake Street Capital

Zuora (NYSE:ZUO - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Lake Street Capital in a report issued on Friday, Benzinga reports. They presently have a $10.00 price target on the stock. Lake Street Capital's target price points to a potential upside of 0.81% from the company's current price.

Other analysts have also recently issued research reports about the company. Craig Hallum cut Zuora from a "buy" rating to a "hold" rating and cut their target price for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. Canaccord Genuity Group reiterated a "buy" rating and set a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Finally, Needham & Company LLC restated a "buy" rating and set a $15.00 target price on shares of Zuora in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $11.43.

Zuora Stock Performance

NYSE:ZUO traded down $0.04 during mid-day trading on Friday, hitting $9.92. 12,308,939 shares of the company traded hands, compared to its average volume of 1,626,220. The stock's fifty day moving average price is $8.74 and its 200-day moving average price is $9.21. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90. Zuora has a one year low of $7.05 and a one year high of $10.85. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -23.19 and a beta of 1.72.

Zuora (NYSE:ZUO - Get Free Report) last released its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.09. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The company had revenue of $115.40 million during the quarter, compared to analyst estimates of $112.63 million. During the same period in the prior year, the firm posted ($0.12) EPS. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts anticipate that Zuora will post -0.06 earnings per share for the current fiscal year.

Insider Activity at Zuora

In other Zuora news, CFO Todd Mcelhatton sold 51,879 shares of Zuora stock in a transaction 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 transaction, the chief financial officer now directly owns 356,875 shares of the company's stock, valued at $2,976,337.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Zuora news, insider Peter Hirsch sold 18,855 shares of the company'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 transaction of $170,826.30. Following the sale, the insider now directly owns 19,279 shares in the company, valued at $174,667.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Todd Mcelhatton sold 51,879 shares of Zuora 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 $432,670.86. Following the completion of the transaction, the chief financial officer now owns 356,875 shares of the company's stock, valued at approximately $2,976,337.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock valued at $1,857,391 over the last 90 days. 8.62% of the stock is owned by corporate insiders.

Institutional Trading of Zuora

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