Northland Securities Initiates a Hold Rating on Zuora (ZUO)


Zuora (ZUO) received a Hold rating and a $14.50 price target from Northland Securities analyst Tyler Wood today. The company’s shares closed last Monday at $13.50.

According to TipRanks.com, Wood is a 4-star analyst with an average return of 13.1% and a 65.2% success rate. Wood covers the Technology sector, focusing on stocks such as Tyler Technologies, PROS Holdings, and SPS Commerce.

Currently, the analyst consensus on Zuora is a Hold with an average price target of $15.00, representing a 18.3% upside. In a report issued on June 4, Jefferies also maintained a Hold rating on the stock with a $15.00 price target.

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Based on Zuora’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $73.9 million and GAAP net loss of $17.49 million. In comparison, last year the company earned revenue of $64.11 million and had a GAAP net loss of $20.59 million.

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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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