Lake Street Capital Boosts Zuora (NYSE:ZUO) Price Target to $13.00

Zuora (NYSE:ZUO - Free Report) had its target price hoisted by Lake Street Capital from $12.00 to $13.00 in a research report released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird reduced their price target 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. Jefferies Financial Group boosted their price target on shares of Zuora from $9.00 to $10.00 and gave the company a hold rating in a report on Thursday. Canaccord Genuity Group reduced their price target 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. Finally, Needham & Company LLC reissued a buy rating and set a $15.00 price target on shares of Zuora in a report on Thursday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $11.83.

Zuora Stock Performance

Zuora stock traded up $0.34 during mid-day trading on Thursday, reaching $10.20. The company's stock had a trading volume of 2,214,974 shares, compared to its average volume of 1,488,794. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -21.25 and a beta of 1.84. The business has a 50 day moving average price of $9.45 and a 200-day moving average price of $8.92. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69. Zuora has a twelve month low of $7.05 and a twelve month high of $12.12.

Zuora (NYSE:ZUO - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.10. The firm had revenue of $110.67 million during the quarter, compared to the consensus estimate of $110.80 million. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. Sell-side analysts predict that Zuora will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other Zuora news, CEO Tien Tzuo sold 239,198 shares of the business's stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total value of $2,258,029.12. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $59,962.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Zuora news, CEO Tien Tzuo sold 239,198 shares of the business's stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total value of $2,258,029.12. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $59,962.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Todd Mcelhatton sold 31,006 shares of the business's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $266,961.66. Following the completion of the sale, the chief financial officer now owns 277,803 shares in the company, valued at $2,391,883.83. The disclosure for this sale can be found here. Insiders sold 481,854 shares of company stock valued at $4,393,048 over the last 90 days. 8.62% of the stock is currently owned by company insiders.

Institutional Trading of Zuora

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