Zuora, Inc. (NYSE:ZUO) CEO Sells $689,205.09 in Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 70,833 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $9.73, for a total value of $689,205.09. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $61,804.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Tien Tzuo also recently made the following trade(s):

• On Wednesday, April 17th, Tien Tzuo sold 239,198 shares of Zuora stock. The stock was sold at an average price of $9.44, for a total value of $2,258,029.12.

Zuora Stock Performance

NYSE ZUO traded down $0.13 during trading hours on Tuesday, reaching $9.60. The stock had a trading volume of 948,414 shares, compared to its average volume of 1,442,370. The stock has a fifty day moving average of $9.90 and a 200 day moving average of $9.18. The stock has a market cap of $1.40 billion, a P/E ratio of -22.33 and a beta of 1.72. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $11.80. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. The firm had revenue of $109.77 million for the quarter, compared to analyst estimates of $108.80 million. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. Sell-side analysts predict that Zuora, Inc. will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bares Capital Management Inc. lifted its holdings in Zuora by 41.4% in the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock valued at $15,926,000 after acquiring an additional 511,292 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Zuora by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 67,806 shares of the company’s stock valued at $619,000 after acquiring an additional 4,760 shares during the period. EntryPoint Capital LLC lifted its holdings in Zuora by 1,629.8% in the first quarter. EntryPoint Capital LLC now owns 21,588 shares of the company’s stock valued at $197,000 after acquiring an additional 20,340 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Zuora by 33.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 740,986 shares of the company’s stock valued at $6,759,000 after acquiring an additional 186,329 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after acquiring an additional 917,565 shares during the period. 83.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Zuora in a research note on Thursday, May 23rd. Jefferies Financial Group boosted their price target on Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Lake Street Capital boosted their price target on Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of Zuora in a research note on Thursday, June 27th. Finally, Robert W. Baird boosted their price target on Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.17.

Zuora Company Profile

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.