Zuora Inc (NYSE:ZUO) Receives $18.91 Average Target Price from Analysts

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Zuora Inc (NYSE:ZUO) has been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.91.

Several research analysts recently weighed in on the company. ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Morgan Stanley dropped their price target on Zuora from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. Jefferies Financial Group dropped their price target on Zuora from $35.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Needham & Company LLC lowered Zuora from a “strong-buy” rating to a “buy” rating and set a $13.55 price target on the stock. in a research report on Friday, May 31st. Finally, Zacks Investment Research lowered Zuora from a “buy” rating to a “hold” rating in a research report on Saturday, June 8th.

In related news, Director Jason Pressman sold 11,008 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $15.35, for a total transaction of $168,972.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jennifer Pileggi sold 10,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $16.02, for a total value of $160,200.00. The disclosure for this sale can be found here. Insiders have sold 31,008 shares of company stock worth $489,273 over the last three months. 26.02% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. purchased a new position in Zuora in the second quarter valued at about $750,000. D. E. Shaw & Co. Inc. grew its stake in Zuora by 30.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 232,395 shares of the company’s stock valued at $3,561,000 after purchasing an additional 54,897 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Zuora by 487.1% in the second quarter. Cubist Systematic Strategies LLC now owns 192,402 shares of the company’s stock valued at $2,948,000 after purchasing an additional 159,632 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Zuora by 15.2% in the second quarter. Point72 Asset Management L.P. now owns 373,327 shares of the company’s stock valued at $5,719,000 after purchasing an additional 49,295 shares in the last quarter. Finally, Potrero Capital Research LLC grew its stake in Zuora by 589.4% in the second quarter. Potrero Capital Research LLC now owns 277,818 shares of the company’s stock valued at $4,256,000 after purchasing an additional 237,517 shares in the last quarter. Hedge funds and other institutional investors own 37.99% of the company’s stock.

Shares of Zuora stock opened at $13.74 on Monday. The stock’s fifty day moving average is $15.27. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -16.76 and a beta of 1.96. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.05. Zuora has a 12-month low of $13.04 and a 12-month high of $35.68.

Zuora (NYSE:ZUO) last announced its earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). The company had revenue of $64.11 million for the quarter, compared to analyst estimates of $64.13 million. Zuora had a negative return on equity of 47.50% and a negative net margin of 31.80%. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the firm earned ($0.29) earnings per share. As a group, equities analysts anticipate that Zuora will post -0.6 earnings per share for the current fiscal year.

Zuora Company Profile

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

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Analyst Recommendations for Zuora (NYSE:ZUO)

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