Zuora upgraded by Morgan Stanley with a new price target
$ZUO
Computer Software: Prepackaged Software
Technology
Morgan Stanley upgraded Zuora from Underweight to Equal-Weight and set a new price target of $18.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/8/2024 | $10.00 | Buy → Hold | Craig Hallum |
| 1/23/2024 | $10.00 → $12.00 | Neutral → Buy | Goldman |
| 7/13/2023 | $12.00 | Neutral | Robert W. Baird |
| 1/31/2023 | $11.00 | Buy | Lake Street |
| 10/21/2022 | $9.00 | Neutral | Goldman |
| 10/11/2021 | $24.00 | Hold → Buy | Needham |
| 10/1/2021 | $18.00 | Underweight → Equal-Weight | Morgan Stanley |
| 9/30/2021 | $24.00 | Buy | Craig Hallum |
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Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced the appointment of John D. Harkey, Jr. to the Zuora Board of Directors, effective April 30, 2024. With the addition of Mr. Harkey, the Zuora Board of Directors will consist of ten Board members, nine of whom are independent. The appointment is in connection with a cooperation agreement (the "Agreement") Zuora has entered into with Scalar Gauge Fund, LP and certain of its affiliates (collectively, "Scalar Gauge"). Scalar Gauge is an investment firm that owns approximately 3.7% of Zuora's outstanding class A common shares. Jason Pressman, Lead Independent Director at Zuora, said, "John brings over 25 y
Zuora, Inc. (NYSE:ZUO), a leading monetization platform provider for recurring revenue businesses, today announced the appointment of Pete Hirsch as its Chief Product and Technology Officer. Hirsch will join Zuora on July 10, 2023 and report to founder and CEO Tien Tzuo to lead the company's global product innovation and engineering functions. Hirsch comes to Zuora with more than 30 years of software engineering experience leading enterprise product and engineering organizations. Most recently, he was Chief Technology Officer at BlackLine, a financial controls and automation software company, where he led the company's product and technology groups, set its technology direction and scaled
Zuora, Inc. (NYSE:ZUO), the leading cloud-based subscription management platform provider, today announced the appointment of Andrew Cohen as its Chief Legal Officer. Cohen will report to Zuora® Founder and CEO Tien Tzuo to lead the company's worldwide legal, regulatory, and compliance functions. Joining Zuora on Feb. 14, 2022, Cohen will succeed Zuora's former General Counsel, Jennifer Pileggi, following her retirement. Cohen joins Zuora with more than 20 years of global legal experience at private, public, and Fortune 500 companies. He was a member of Pivotal's executive team at the company's formation (after spinning out from EMC Corporation and VMware), where he served as SVP, General
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DEFA14A - ZUORA INC (0001423774) (Filer)
DEFA14A - ZUORA INC (0001423774) (Filer)
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Craig Hallum downgraded Zuora from Buy to Hold and set a new price target of $10.00
Goldman upgraded Zuora from Neutral to Buy and set a new price target of $12.00 from $10.00 previously
Robert W. Baird initiated coverage of Zuora with a rating of Neutral and set a new price target of $12.00
Subscription revenue grew 9% year-over-year GAAP operating margin increased 8 percentage points year-over-year Non-GAAP operating margin increased 13 percentage points year-over-year Operating cash flow increased to $11.4 million compared to $5.4 million last year Adjusted free cash flow increased to $12.2 million compared to $4.0 million last year Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced financial results for its fiscal second quarter ended July 31, 2024. "I'm proud of our ZEOs for delivering a solid second quarter," said Tien Tzuo, Founder and CEO at Zuora. "From our install base to the analyst community, we continue to be recognized fo
Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced that it will report financial results for its second quarter fiscal 2025 ended on July 31, 2024 following the close of market on August 21, 2024. On that day, Zuora's management team will hold a conference call and webcast at 2:00 p.m. PT / 5:00 p.m. ET to discuss Zuora's financial results and business highlights. Event: Zuora Second Quarter Fiscal 2025 Earnings Conference Call When: Wednesday, August 21, 2024 Time: 2:00 p.m. PT / 5:00 p.m. ET Participant Toll-Free Dial-In Number: 1 (888) 596-4144 Participant Toll Dial-In Number: 1 (646) 968-2525 Conference ID: 8022374 Replay: 1 (800) 770-2030 or 1 (
Operating cash flow grew to $32.9 million compared to $14.6 million last year Adjusted free cash flow grew to $31.4 million compared to $13.0 million last year GAAP operating margin increased 16 percentage points year-over-year Non-GAAP operating margin increased 11 percentage points year-over-year Subscription revenue grew 10% year-over-year Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced financial results for its fiscal first quarter ended April 30, 2024. "Our first quarter speaks to the quality of our install base and ability to drive strong expansion with innovations including the recent acquisition of Togai," said Tien Tzuo, Founder
Newly established data center will enhance compliance and support experience for customers in the APAC region Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced its new data center in Japan is now live to support customers in the Asia-Pacific (APAC) region. The new data center provides Zuora customers in APAC with a regional option for data locality requirements and improved in-region product performance. Zuora has a strong presence in APAC, with more than 100 customers in the region, including BIGLOBE, one of Japan's leading internet service providers. Japan represents the company's third-largest market by annual recurring revenue (ARR) and second
Zuora Stockholders to Receive $10.00 Per Share in Cash Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with an affiliate of GIC Pte. Ltd. ("GIC"), in a transaction valued at $1.7 billion. Upon completion of the transaction, Zuora will become a privately held company. Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora common stock for $10.00 per share in cash. The purchase price represents an 18% premium to the Company's unaffected closing stock price1 and a 20% ente
Solutions help effectively monetize new offerings amid proliferation of GenAI services Zuora, Inc. (NYSE:ZUO), a leading monetization suite for modern business, today at Subscribed Live London announced new capabilities to ease and expedite usage-based pricing adoption, helping Software as a Service (SaaS) companies transform raw usage data into innovative pricing and provide customers with additional visibility. SaaS is increasingly turning to usage-based models: Research from Zuora's Subscribed Institute and Boston Consulting Group (BCG) concluded that nearly half of all companies studied implemented some form of usage-based pricing in the last three years, with many seeing higher growt
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In the preceding three months, 10 analysts have released ratings for Zuora (NYSE:ZUO), presenting a wide array of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 2 0 0 0 0 2M Ago 4 0 2 0 0 3M Ago 1 0 0 0 0 Analysts have set 12-month price targets for Zuora, revealing an average target of $13.1, a high estimate of $15.00, and a low estimate of $10.00. This current average has increased by 1.55% from the previous average pri