Zuora’s (ZUO) “Hold” Rating Reiterated at Lake Street Capital

Lake Street Capital reiterated their hold rating on shares of Zuora (NYSE:ZUO) in a research report report published on Friday, Benzinga reports. The firm currently has a $10.00 price target on the stock.

A number of other analysts have also commented on ZUO. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Zuora in a report on Thursday, August 22nd. Craig Hallum downgraded shares of Zuora from a “buy” rating to a “hold” rating and cut their price target for the stock from $12.00 to $10.00 in a report on Monday, July 8th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Zuora in a report on Thursday, August 22nd. Four investment 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.43.

Zuora Stock Down 0.5 %

ZUO stock opened at $9.91 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. Zuora has a fifty-two week low of $7.05 and a fifty-two week high of $10.85. The stock’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $9.23. The company has a market cap of $1.50 billion, a P/E ratio of -30.97 and a beta of 1.72.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The company had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. Zuora’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned ($0.12) EPS. On average, research analysts expect that Zuora will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zuora news, insider Peter Hirsch sold 18,855 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the transaction, the insider now owns 19,279 shares in the company, valued at $174,667.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Zuora news, insider Peter Hirsch sold 18,855 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total transaction of $170,826.30. Following the sale, the insider now owns 19,279 shares in the company, valued at $174,667.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tien Tzuo sold 63,873 shares of Zuora stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $532,700.82. Following the completion of the transaction, the chief executive officer now owns 63,312 shares of the company’s stock, valued at approximately $528,022.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,081 shares of company stock valued at $1,857,391. 8.62% of the stock is owned by insiders.

Institutional Investors Weigh In On Zuora

A number of institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zuora during the second quarter valued at approximately $44,000. CWM LLC increased its holdings in shares of Zuora by 25.0% in the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after purchasing an additional 1,590 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Zuora in the second quarter worth $85,000. Quent Capital LLC bought a new stake in Zuora during the first quarter valued at $83,000. Finally, Williams Financial LLC purchased a new position in Zuora during the second quarter worth about $119,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

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.