Insider Selling: Zuora, Inc. (NYSE:ZUO) CEO Sells 81,731 Shares of Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 81,731 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.05, for a total transaction of $739,665.55. Following the transaction, the chief executive officer now owns 6,352 shares in the company, valued at $57,485.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, July 12th, Tien Tzuo sold 11,200 shares of Zuora stock. The stock was sold at an average price of $9.00, for a total transaction of $100,800.00.
• On Monday, July 8th, Tien Tzuo sold 114,825 shares of Zuora stock. The stock was sold at an average price of $9.05, for a total transaction of $1,039,166.25.
• On Monday, July 1st, Tien Tzuo sold 70,833 shares of Zuora stock. The stock was sold at an average price of $9.73, for a total transaction of $689,205.09.
• 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 transaction of $2,258,029.12.

Zuora Stock Up 0.8 %

Shares of NYSE:ZUO opened at $9.50 on Thursday. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 2.60. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $11.80. The company has a 50 day moving average of $9.70 and a two-hundred day moving average of $9.18. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -22.09 and a beta of 1.71.

Zuora (NYSE:ZUO) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.09. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. The company had revenue of $109.77 million during the quarter, compared to the consensus estimate of $108.80 million. As a group, analysts forecast that Zuora, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ZUO shares. Lake Street Capital increased their price objective on shares of Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Zuora in a report on Thursday, May 23rd. Craig Hallum lowered shares of Zuora from a “buy” rating to a “hold” rating and cut their price target for the company from $12.00 to $10.00 in a report on Monday, July 8th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Zuora in a report on Thursday, June 27th. Finally, Jefferies Financial Group raised their price target on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.86.

Institutional Trading of Zuora

A number of hedge funds have recently made changes to their positions in ZUO. Scalar Gauge Management LLC acquired a new stake in shares of Zuora during the fourth quarter worth approximately $12,620,000. Vanguard Group Inc. boosted 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 worth $157,434,000 after purchasing an additional 917,565 shares during the period. Circumference Group LLC acquired a new position in Zuora in the fourth quarter worth $6,392,000. Bares Capital Management Inc. boosted 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 worth $15,926,000 after purchasing an additional 511,292 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Zuora by 13.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock worth $35,156,000 after purchasing an additional 429,705 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.

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.