In a report released yesterday, Robert Oliver from Robert W. Baird initiated coverage with a Hold rating on Zuora (ZUO – Research Report) and a price target of $11.00. The company’s shares closed yesterday at $8.65.
Oliver covers the Technology sector, focusing on stocks such as Tyler Technologies, Verisign, and New Relic. According to TipRanks, Oliver has an average return of 8.1% and a 52.15% success rate on recommended stocks.
In addition to Robert W. Baird, Zuora also received a Hold from Goldman Sachs’s Adam Hotchkiss in a report issued on August 23. However, yesterday, Craig-Hallum maintained a Buy rating on Zuora (NYSE: ZUO).
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ZUO market cap is currently $1.19B and has a P/E ratio of -10.54.
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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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