Zuora, Inc. (NYSE:ZUO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Zuora, Inc. (NYSE:ZUO) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.86.

A number of research analysts recently issued reports on the stock. Craig Hallum downgraded shares of Zuora from a “buy” rating to a “hold” rating and decreased their target price for the company from $12.00 to $10.00 in a research report on Monday, July 8th. Jefferies Financial Group boosted their target price on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of Zuora in a research report on Thursday, June 27th. Lake Street Capital lifted their price objective on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Zuora in a report on Thursday, May 23rd.

Insider Transactions at Zuora

In other news, insider Peter Hirsch sold 58,267 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.06, for a total transaction of $527,899.02. Following the completion of the sale, the insider now owns 14,566 shares of the company’s stock, valued at $131,967.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Tien Tzuo sold 11,200 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $9.00, for a total transaction of $100,800.00. Following the completion of the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at $57,168. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Hirsch sold 58,267 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.06, for a total transaction of $527,899.02. Following the sale, the insider now directly owns 14,566 shares of the company’s stock, valued at approximately $131,967.96. The disclosure for this sale can be found here. Insiders sold 372,666 shares of company stock valued at $3,408,961 over the last 90 days. Corporate insiders own 8.62% of the company’s stock.

Institutional Trading of Zuora

Several large investors have recently bought and sold shares of ZUO. Raymond James & Associates grew its stake in Zuora by 9.4% during the 4th quarter. Raymond James & Associates now owns 87,208 shares of the company’s stock valued at $820,000 after acquiring an additional 7,525 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Zuora by 6.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 670,260 shares of the company’s stock valued at $6,300,000 after acquiring an additional 41,716 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Zuora by 4.3% during the 4th quarter. Vontobel Holding Ltd. now owns 47,795 shares of the company’s stock valued at $449,000 after acquiring an additional 1,969 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Zuora by 4.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock valued at $263,000 after acquiring an additional 1,239 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in Zuora during the 4th quarter valued at about $166,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Zuora Trading Down 1.2 %

NYSE:ZUO opened at $8.37 on Tuesday. Zuora has a 12 month low of $7.05 and a 12 month high of $10.85. The firm has a fifty day simple moving average of $9.30 and a 200-day simple moving average of $9.22. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $1.22 billion, a P/E ratio of -19.46 and a beta of 1.71.

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

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.