Zuora (NYSE:ZUO) Downgraded by Craig Hallum

Craig Hallum cut shares of Zuora (NYSE:ZUO) from a buy rating to a hold rating in a research note released on Monday, MarketBeat.com reports. They currently have $10.00 price target on the stock, down from their prior price target of $12.00.

A number of other equities research analysts also recently issued reports on the company. Lake Street Capital increased their price objective on Zuora from $12.00 to $13.00 and gave the stock a buy rating in a research report on Thursday, May 23rd. Needham & Company LLC reissued a buy rating and set a $15.00 price objective on shares of Zuora in a report on Thursday, June 27th. Jefferies Financial Group raised their target price on shares of Zuora from $9.00 to $10.00 and gave the company a hold rating in a research note on Thursday, May 23rd. Canaccord Genuity Group reissued a buy rating and issued a $13.00 price target on shares of Zuora in a research note on Thursday, May 23rd. Finally, Robert W. Baird increased their price target on shares of Zuora from $8.00 to $10.00 and gave the stock a neutral rating in a report on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Zuora currently has a consensus rating of Moderate Buy and a consensus price target of $11.86.

Zuora Stock Performance

Shares of ZUO opened at $8.98 on Monday. Zuora has a 52-week low of $7.05 and a 52-week high of $11.80. The stock’s 50-day simple moving average is $9.79 and its 200 day simple moving average is $9.19. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -20.88 and a beta of 1.71.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09. The firm had revenue of $109.77 million for 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%. Research analysts forecast that Zuora will post -0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tien Tzuo sold 239,198 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total value of $2,258,029.12. Following the completion of the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $59,962.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Andrew M. Cohen sold 13,319 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total transaction of $133,190.00. Following the completion of the sale, the insider now directly owns 120,785 shares in the company, valued at approximately $1,207,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tien Tzuo sold 239,198 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $9.44, for a total value of $2,258,029.12. Following the transaction, the chief executive officer now owns 6,352 shares in the company, valued at $59,962.88. The disclosure for this sale can be found here. Insiders sold a total of 449,469 shares of company stock valued at $4,232,530 over the last quarter. 8.62% of the stock is owned by corporate insiders.

Institutional Trading of Zuora

A number of institutional investors have recently made changes to their positions in the stock. CWM LLC increased its stake in shares of Zuora by 25.0% in the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after buying an additional 1,590 shares during the period. Quent Capital LLC purchased a new stake in Zuora during the 1st quarter valued at $83,000. Cornerstone Investment Partners LLC bought a new stake in Zuora in the 4th quarter worth $166,000. Victory Capital Management Inc. increased its position in shares of Zuora by 25.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,631 shares of the company’s stock valued at $166,000 after acquiring an additional 3,582 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Zuora by 18.6% in the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock valued at $166,000 after acquiring an additional 2,851 shares during the period. Hedge funds and other institutional investors 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.