Needham Reaffirms Their Buy Rating on Zuora (ZUO)

In a report released today, Joshua Reilly from Needham maintained a Buy rating on Zuora (ZUOResearch Report), with a price target of $15.00. The company’s shares closed yesterday at $6.58.

Reilly covers the Technology sector, focusing on stocks such as Tyler Technologies, Axon Enterprise, and HubSpot. According to TipRanks, Reilly has an average return of -8.5% and a 25.64% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zuora with a $12.80 average price target.

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ZUO market cap is currently $871.2M and has a P/E ratio of -6.81.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZUO in relation to earlier this year.

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Zuora, Inc. operates as an online subscription billing and management platform. The firm’s products include Zuora Billing, Zuora RevPro, Zuora CPQ and Zuora Collect. Its Central Platform is composed of six core engines: Pricing Engine, Subscription Orders Engine, Rating Engine, Global Payments Engine, Subscription Metrics and Subscription Accounting Engine. It also offers traditional ERP software, such as Oracle Corporation and SAP AG. The company was founded in 2007 by K.V. Rao, Cheng Zou and Tien Tzuo and is headquartered in San Mateo, CA.

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