Zuora’s (ZUO) Buy Rating Reaffirmed at Needham & Company LLC

Zuora (NYSE:ZUO)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a report released on Thursday, Benzinga reports. They currently have a $15.00 price target on the stock. Needham & Company LLC’s price objective points to a potential upside of 52.13% from the stock’s current price.

ZUO has been the subject of a number of other reports. Robert W. Baird reduced their target price on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Canaccord Genuity Group reduced their target price on shares of Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Zuora currently has an average rating of “Moderate Buy” and a consensus target price of $11.67.

Zuora Price Performance

NYSE ZUO opened at $9.86 on Thursday. Zuora has a 12 month low of $7.05 and a 12 month high of $12.12. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market capitalization of $1.44 billion, a PE ratio of -20.54 and a beta of 1.84. The company’s 50 day simple moving average is $9.42 and its 200 day simple moving average is $8.91.

Zuora (NYSE:ZUO) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. The business had revenue of $110.67 million for the quarter, compared to analyst estimates of $110.80 million. As a group, equities research analysts forecast that Zuora will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other Zuora news, insider Andrew M. Cohen sold 11,864 shares of Zuora stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total transaction of $102,149.04. Following the completion of the sale, the insider now owns 137,898 shares of the company’s stock, valued at approximately $1,187,301.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CRO Robert J. Traube sold 11,294 shares of Zuora stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total value of $112,940.00. Following the transaction, the executive now owns 17,547 shares in the company, valued at approximately $175,470. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew M. Cohen sold 11,864 shares of Zuora stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $102,149.04. Following the completion of the transaction, the insider now owns 137,898 shares in the company, valued at approximately $1,187,301.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 481,854 shares of company stock valued at $4,393,048. Company insiders own 8.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in Zuora in the 3rd quarter worth $25,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Zuora during the 3rd quarter valued at about $25,000. Quent Capital LLC acquired a new stake in shares of Zuora during the 1st quarter valued at about $83,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Zuora during the 3rd quarter valued at about $88,000. Finally, MQS Management LLC acquired a new stake in shares of Zuora during the 3rd quarter valued at about $129,000. 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.