Zuora (NYSE:ZUO) PT Raised to $10.00

Zuora (NYSE:ZUO – Get Rating) had its price target upped by Jefferies Financial Group to $10.00 in a research report report published on Wednesday morning, The Fly reports.

ZUO has been the subject of several other research reports. Canaccord Genuity Group boosted their price target on Zuora from $15.00 to $16.00 and gave the company a buy rating in a research note on Friday, March 3rd. UBS Group lowered their price target on Zuora from $20.00 to $15.00 and set a buy rating for the company in a research note on Friday, December 9th. Craig Hallum lowered their price target on Zuora from $16.00 to $10.00 in a research note on Wednesday, December 7th. Needham & Company LLC reissued a buy rating and issued a $15.00 price target on shares of Zuora in a research note on Thursday, March 2nd. Finally, Lake Street Capital began coverage on Zuora in a report on Tuesday, January 31st. They issued a buy rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Zuora has an average rating of Moderate Buy and a consensus target price of $13.25.

Zuora Trading Down 3.9 %

NYSE:ZUO opened at $9.00 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.24 and a quick ratio of 2.24. Zuora has a fifty-two week low of $5.45 and a fifty-two week high of $15.68. The stock’s 50-day moving average is $8.29 and its two-hundred day moving average is $7.59. The stock has a market cap of $1.20 billion, a PE ratio of -9.68 and a beta of 1.82.

Insider Activity at Zuora

In related news, CFO Todd Mcelhatton sold 24,590 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $6.32, for a total value of $155,408.80. Following the completion of the transaction, the chief financial officer now directly owns 119,722 shares in the company, valued at $756,643.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zuora news, CRO Robert J. Traube sold 30,736 shares of the company’s stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $7.04, for a total value of $216,381.44. Following the sale, the executive now directly owns 32,927 shares in the company, valued at $231,806.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd Mcelhatton sold 24,590 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $6.32, for a total value of $155,408.80. Following the completion of the sale, the chief financial officer now owns 119,722 shares in the company, valued at $756,643.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,307 shares of company stock worth $595,524. 9.08% of the stock is owned by corporate insiders.

Institutional Trading of Zuora

Large investors have recently bought and sold shares of the stock. Point72 Middle East FZE bought a new stake in shares of Zuora during the fourth quarter worth $83,000. Capital Impact Advisors LLC grew its holdings in shares of Zuora by 87.7% during the fourth quarter. Capital Impact Advisors LLC now owns 96,945 shares of the company’s stock worth $617,000 after purchasing an additional 45,292 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Zuora by 504.8% during the fourth quarter. State of Wisconsin Investment Board now owns 136,513 shares of the company’s stock worth $868,000 after purchasing an additional 113,942 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Zuora by 33.5% during the fourth quarter. Legal & General Group Plc now owns 123,442 shares of the company’s stock worth $785,000 after purchasing an additional 30,961 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Zuora by 45.1% during the fourth quarter. Morgan Stanley now owns 1,876,967 shares of the company’s stock worth $11,938,000 after purchasing an additional 583,214 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

Zuora Company Profile

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Zuora, Inc engages in the provision of cloud-based subscription management platform. Its products include Zuora Billing, Zuora Revenue, Zuora CPQ, Zuora Collect AI, and Zuora Analytics. It offers solutions to software, healthcare, education, B2C, and communications industries. The company was founded in 2007 by K.V.