Zuora, Inc. (NYSE:ZUO) Given Average Rating of “Hold” by Brokerages

Zuora, Inc. (NYSE:ZUO) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.43.

A number of equities analysts recently commented on ZUO shares. Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Zuora in a research note on Monday, October 21st. Lake Street Capital reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Zuora in a research note on Friday, October 18th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd.

Insider Buying and Selling

In other news, CEO Tien Tzuo sold 63,873 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $532,700.82. Following the transaction, the chief executive officer now directly owns 63,312 shares in the company, valued at approximately $528,022.08. This represents a 50.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd Mcelhatton sold 51,879 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $432,670.86. Following the sale, the chief financial officer now directly owns 356,875 shares of the company’s stock, valued at approximately $2,976,337.50. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,081 shares of company stock worth $1,857,391 in the last quarter. 8.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zuora

A number of institutional investors and hedge funds have recently modified their holdings of ZUO. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zuora in the second quarter valued at approximately $44,000. Quarry LP increased its stake in Zuora by 504.9% in the third quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after purchasing an additional 5,145 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Zuora in the third quarter valued at approximately $63,000. CWM LLC increased its stake in Zuora by 25.0% in the second quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after purchasing an additional 1,590 shares in the last quarter. Finally, Castleview Partners LLC bought a new stake in Zuora in the third quarter valued at approximately $79,000. 83.02% of the stock is owned by institutional investors.

Zuora Stock Down 0.2 %

Zuora stock opened at $9.90 on Thursday. The company has a 50-day simple moving average of $9.29 and a 200-day simple moving average of $9.33. The firm has a market capitalization of $1.50 billion, a P/E ratio of -30.94 and a beta of 1.70. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. Zuora has a one year low of $7.70 and a one year high of $10.85.

Zuora (NYSE:ZUO) last announced its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The firm had revenue of $115.40 million during the quarter, compared to analyst estimates of $112.63 million. During the same quarter in the prior year, the firm posted ($0.12) EPS. Zuora’s revenue was up 6.8% compared to the same quarter last 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.