Zuora Inc (NYSE:ZUO) Director Jason Pressman sold 11,008 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $15.08, for a total value of $166,000.64.
Zuora stock traded up $0.14 during mid-day trading on Friday, reaching $14.66. The company’s stock had a trading volume of 763,486 shares, compared to its average volume of 1,446,607. The firm’s fifty day moving average price is $15.02 and its two-hundred day moving average price is $16.96. The company has a market capitalization of $1.63 billion, a P/E ratio of -17.88 and a beta of 1.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.92 and a current ratio of 1.92. Zuora Inc has a 12-month low of $13.04 and a 12-month high of $24.65.
Zuora (NYSE:ZUO) last released its quarterly earnings results on Wednesday, August 28th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). The firm had revenue of $69.70 million for the quarter, compared to analysts’ expectations of $66.87 million. Zuora had a negative net margin of 30.81% and a negative return on equity of 47.64%. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) earnings per share. On average, research analysts predict that Zuora Inc will post -0.72 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA raised its stake in shares of Zuora by 73.9% during the first quarter. BNP Paribas Arbitrage SA now owns 1,518 shares of the company’s stock valued at $30,000 after acquiring an additional 645 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new stake in Zuora in the second quarter worth about $38,000. Oppenheimer Asset Management Inc. grew its holdings in Zuora by 90.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,763 shares of the company’s stock worth $42,000 after purchasing an additional 1,311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Zuora in the second quarter worth about $49,000. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Zuora during the second quarter valued at approximately $53,000. 51.07% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on ZUO shares. ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Needham & Company LLC set a $18.00 price target on shares of Zuora and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Zacks Investment Research raised shares of Zuora from a “sell” rating to a “hold” rating in a research report on Saturday, September 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $20.17.
Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.
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