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

Zuora (NYSE:ZUO - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $15.00 target price on the stock. Needham & Company LLC's price target indicates a potential upside of 51.29% from the stock's current price.

Several other research firms have also recently commented on ZUO. Canaccord Genuity Group restated a "buy" rating and set a $13.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Craig Hallum downgraded shares of Zuora from a "buy" rating to a "hold" rating and cut their price objective for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. Finally, Lake Street Capital restated a "hold" rating and issued a $10.00 target price on shares of Zuora in a research note on Friday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.43.

Zuora Stock Performance

NYSE ZUO remained flat at $9.92 during trading hours on Monday. 7,651,932 shares of the company's stock traded hands, compared to its average volume of 1,656,118. The firm has a fifty day moving average of $8.80 and a 200 day moving average of $9.24. The stock has a market cap of $1.45 billion, a P/E ratio of -23.06 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 has a one year low of $7.05 and a one year high of $10.85.

Zuora (NYSE:ZUO - Get Free Report) last announced its earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $115.40 million during the quarter, compared to analysts' expectations of $112.63 million. During the same period in the prior year, the company earned ($0.12) earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. Sell-side analysts expect that Zuora will post -0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrew M. Cohen sold 20,773 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the transaction, the insider now owns 172,033 shares in the company, valued at $1,434,755.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Andrew M. Cohen sold 20,773 shares of the company'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 sale, the insider now owns 172,033 shares in the company, valued at $1,434,755.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Todd Mcelhatton sold 51,879 shares of Zuora stock in a transaction 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 transaction, the chief financial officer now directly owns 356,875 shares of the company's stock, valued at approximately $2,976,337.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,081 shares of company stock worth $1,857,391. Corporate insiders own 8.62% of the company's stock.

Institutional Investors Weigh In On Zuora

Large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zuora in the second quarter valued at about $44,000. CWM LLC lifted its stake in Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company's stock valued at $79,000 after buying an additional 1,590 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Zuora during the 2nd quarter valued at $85,000. Quent Capital LLC purchased a new position in Zuora during the first quarter worth $83,000. Finally, Castleview Partners LLC acquired a new position in shares of Zuora in the third quarter worth $79,000. 83.02% of the stock is owned by institutional investors and hedge funds.

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.