Zuora (NYSE:ZUO) Releases Earnings Results, Beats Expectations By $0.09 EPS

Zuora (NYSE:ZUO) issued its quarterly earnings results on Wednesday. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09, Briefing.com reports. The firm had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $112.63 million. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS.

Zuora Trading Up 6.0 %

ZUO stock traded up $0.51 on Friday, reaching $9.00. The company’s stock had a trading volume of 2,487,371 shares, compared to its average volume of 1,400,395. The firm has a market cap of $1.31 billion, a PE ratio of -19.74 and a beta of 1.71. The business has a fifty day simple moving average of $9.08 and a two-hundred day simple moving average of $9.19. Zuora has a 12-month low of $7.05 and a 12-month high of $10.85. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Zuora in a research note on Thursday. Jefferies Financial Group upped their price objective on shares of Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Robert W. Baird raised their target price on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and cut their price target for the stock from $12.00 to $10.00 in a research note on Monday, July 8th. Finally, Lake Street Capital raised their price objective on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.86.

Insiders Place Their Bets

In other Zuora news, CEO Tien Tzuo sold 114,825 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $9.05, for a total value of $1,039,166.25. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at $57,485.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Andrew M. Cohen sold 3,861 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $8.71, for a total value of $33,629.31. Following the sale, the insider now directly owns 148,640 shares of the company’s stock, valued at approximately $1,294,654.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tien Tzuo sold 114,825 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $9.05, for a total transaction of $1,039,166.25. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $57,485.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,666 shares of company stock worth $3,408,961. 8.62% of the stock is currently owned by corporate insiders.

About Zuora

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.