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

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

A number of other research analysts also recently issued reports on ZUO. Needham & Company LLC reiterated a buy rating and set a $15.00 target price on shares of Zuora in a research report on Thursday. Jefferies Financial Group raised their target price on Zuora from $9.00 to $10.00 and gave the company a hold rating in a research note on Thursday. Robert W. Baird dropped their price target on Zuora from $10.00 to $8.00 and set a neutral rating on the stock in a research note on Thursday, February 29th. Finally, Canaccord Genuity Group reduced their price objective on Zuora from $16.00 to $13.00 and set a buy rating for the company in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $11.83.

Zuora Stock Performance

Shares of ZUO opened at $9.97 on Thursday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69. The firm’s fifty day simple moving average is $9.47 and its two-hundred day simple moving average is $8.95. Zuora has a 12 month low of $7.05 and a 12 month high of $12.12. The stock has a market capitalization of $1.46 billion, a P/E ratio of -23.19 and a beta of 1.84.

Zuora (NYSE:ZUO) last released its earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.10. Zuora had a negative return on equity of 31.10% and a negative net margin of 14.28%. The business had revenue of $110.67 million during the quarter, compared to analysts’ expectations of $110.80 million. As a group, analysts predict that Zuora will post -0.14 EPS for the current year.

Insider Activity at Zuora

In other news, CEO Tien Tzuo sold 81,635 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $8.87, for a total value of $724,102.45. Following the transaction, the chief executive officer now owns 6,352 shares in the company, valued at $56,342.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Tien Tzuo sold 81,635 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $8.87, for a total transaction of $724,102.45. Following the transaction, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at $56,342.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Todd Mcelhatton sold 31,006 shares of the company’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 directly owns 277,803 shares of the company’s stock, valued at $2,391,883.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 481,854 shares of company stock valued at $4,393,048. 8.62% of the stock is owned by corporate insiders.

Institutional Trading of Zuora

Hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. increased its position in shares of Zuora by 85.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 514,463 shares of the company’s stock valued at $4,239,000 after purchasing an additional 237,548 shares during the last quarter. Versor Investments LP grew its position in Zuora by 85.2% during the fourth quarter. Versor Investments LP now owns 25,210 shares of the company’s stock valued at $237,000 after buying an additional 11,600 shares during the period. Ieq Capital LLC increased its holdings in Zuora by 889.9% during the fourth quarter. Ieq Capital LLC now owns 151,656 shares of the company’s stock worth $1,426,000 after buying an additional 136,335 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Zuora by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock worth $27,277,000 after acquiring an additional 406,841 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Zuora by 4.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock valued at $263,000 after acquiring an additional 1,239 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors.

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.