Zuora (NYSE:ZUO) Shares Gap Up on Analyst Upgrade

Zuora, Inc. (NYSE:ZUO - Get Free Report)'s share price gapped up prior to trading on Thursday after Lake Street Capital raised their price target on the stock from $12.00 to $13.00. The stock had previously closed at $9.86, but opened at $10.80. Lake Street Capital currently has a buy rating on the stock. Zuora shares last traded at $10.44, with a volume of 452,481 shares.

Several other research firms also recently weighed in on ZUO. Jefferies Financial Group upped their price target on shares of Zuora from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of Zuora in a report on Thursday. Robert W. Baird dropped their target price on shares of Zuora from $10.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, February 29th. Finally, 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 research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Zuora presently has an average rating of "Moderate Buy" and an average price target of $11.83.

Insiders Place Their Bets

In other news, insider Andrew M. Cohen sold 3,794 shares of the business's stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total transaction of $31,452.26. Following the transaction, the insider now directly owns 134,104 shares of the company's stock, valued at $1,111,722.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Andrew M. Cohen sold 3,794 shares of the company's stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $8.29, for a total transaction of $31,452.26. Following the completion of the transaction, the insider now owns 134,104 shares in the company, valued at $1,111,722.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 of the company's stock, valued at approximately $59,962.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 481,854 shares of company stock worth $4,393,048. Insiders own 8.62% of the company's stock.

Institutional Investors Weigh In On Zuora

A number of institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Zuora in the 3rd quarter valued at about $25,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Zuora in the 3rd quarter valued at approximately $25,000. Quent Capital LLC acquired a new position in shares of Zuora in the 1st quarter valued at approximately $83,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Zuora in the 3rd quarter valued at approximately $88,000. Finally, MQS Management LLC acquired a new position in Zuora during the 3rd quarter worth approximately $129,000. Institutional investors and hedge funds own 83.02% of the company's stock.

Zuora Trading Up 3.4 %

The firm has a fifty day moving average price of $9.42 and a 200 day moving average price of $8.91. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -21.81 and a beta of 1.84.

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

Zuora Company Profile

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.