Lake Street analyst Jacob Stephan maintained a Buy rating on Zuora (ZUO – Research Report) today and set a price target of $12.00. The company’s shares closed yesterday at $8.59.
Stephan covers the Technology sector, focusing on stocks such as 3D Systems, Zuora, and Stratasys. According to TipRanks, Stephan has an average return of 5.9% and a 62.50% success rate on recommended stocks.
In addition to Lake Street, Zuora also received a Buy from Canaccord Genuity’s Joseph Vafi in a report issued today. However, on the same day, Robert W. Baird maintained a Hold rating on Zuora (NYSE: ZUO).
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Based on Zuora’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $109.85 million and a GAAP net loss of $5.5 million. In comparison, last year the company earned a revenue of $101.07 million and had a GAAP net loss of $37.03 million
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Zuora (ZUO) Company Description:
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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