Zuora, Inc. (NYSE:ZUO) Receives $11.83 Consensus Price Target from Brokerages

Zuora, Inc. (NYSE:ZUO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.83.

Several research analysts have weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of Zuora from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Thursday, February 29th. Robert W. Baird lowered their price objective on shares of Zuora from $10.00 to $8.00 and set a "neutral" rating on the stock in a report on Thursday, February 29th. Lake Street Capital upped their target price on shares of Zuora from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday. Jefferies Financial Group upped their target price on shares of Zuora from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday.

Insider Activity at Zuora

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

Institutional Investors Weigh In On Zuora

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Zuora in the third quarter worth about $25,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Zuora in the third quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of Zuora in the first quarter worth about $83,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Zuora in the third quarter worth about $88,000. Finally, MQS Management LLC purchased a new stake in shares of Zuora in the third quarter worth about $129,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

Zuora Stock Up 3.4 %

Shares of Zuora stock traded up $0.34 during trading on Thursday, reaching $10.20. 2,214,977 shares of the company traded hands, compared to its average volume of 1,488,794. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.43 and a quick ratio of 2.43. Zuora has a 1-year low of $7.05 and a 1-year high of $12.12. The company has a 50 day moving average price of $9.42 and a 200-day moving average price of $8.91. The firm has a market capitalization of $1.49 billion, a PE ratio of -21.81 and a beta of 1.84.

Zuora (NYSE:ZUO - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (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 company had revenue of $110.67 million for the quarter, compared to the consensus estimate of $110.80 million. As a group, equities research analysts expect that Zuora will post -0.14 earnings per share for the current fiscal year.

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.