Zuora (NYSE:ZUO) had its target price upped by analysts at Goldman Sachs Group from $10.00 to $11.00 in a research note issued on Monday, The Fly reports. Goldman Sachs Group’s target price would suggest a potential downside of 12.28% from the stock’s current price.
A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded Zuora from a “sell” rating to a “hold” rating in a research note on Tuesday, March 24th. Northland Securities assumed coverage on Zuora in a research report on Tuesday, June 16th. They set a “market perform” rating and a $14.50 price objective for the company. Needham & Company LLC assumed coverage on Zuora in a research report on Thursday, June 4th. They set a “hold” rating for the company. Morgan Stanley raised their price objective on Zuora from $8.50 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 4th. Finally, ValuEngine lowered Zuora from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.38.
ZUO opened at $12.54 on Monday. The stock has a market cap of $1.45 billion, a PE ratio of -17.66 and a beta of 2.19. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $12.22 and a 200-day moving average of $12.42. Zuora has a 52 week low of $6.21 and a 52 week high of $16.75.
Zuora (NYSE:ZUO) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. The company had revenue of $73.90 million during the quarter, compared to analysts’ expectations of $70.65 million. Zuora had a negative return on equity of 48.78% and a negative net margin of 28.09%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) EPS. Equities analysts anticipate that Zuora will post -0.61 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new stake in shares of Zuora in the 1st quarter worth $62,000. NumerixS Investment Technologies Inc bought a new stake in shares of Zuora in the 4th quarter worth $59,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Zuora by 104.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,167 shares of the company’s stock worth $50,000 after purchasing an additional 3,145 shares in the last quarter. Roundview Capital LLC bought a new stake in shares of Zuora in the 1st quarter worth $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Zuora by 39.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,937 shares of the company’s stock worth $80,000 after purchasing an additional 2,823 shares in the last quarter. 49.30% of the stock is owned by institutional investors and hedge funds.
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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