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

Zuora, Inc. (NYSE:ZUO) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.43.

A number of equities analysts have recently weighed in on the stock. Lake Street Capital reissued a “hold” rating and set a $10.00 price target on shares of Zuora in a research report on Friday, October 18th. Craig Hallum lowered Zuora from a “buy” rating to a “hold” rating and reduced their target price for the stock from $12.00 to $10.00 in a report on Monday, July 8th. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Zuora in a report on Thursday, August 22nd. Finally, Needham & Company LLC reiterated a “hold” rating and set a $15.00 price objective on shares of Zuora in a report on Monday, October 21st.

Insider Buying and Selling

In other Zuora news, CFO Todd Mcelhatton sold 51,879 shares of Zuora stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $432,670.86. Following the sale, the chief financial officer now directly owns 356,875 shares in the company, valued at approximately $2,976,337.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Todd Mcelhatton sold 51,879 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $432,670.86. Following the completion of the transaction, the chief financial officer now directly owns 356,875 shares in the company, valued at $2,976,337.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tien Tzuo sold 63,873 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $532,700.82. Following the completion of the sale, the chief executive officer now directly owns 63,312 shares in the company, valued at approximately $528,022.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 221,081 shares of company stock worth $1,857,391. 8.62% of the stock is owned by insiders.

Hedge Funds Weigh In On Zuora

A number of institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in Zuora by 4.0% in the second quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock valued at $364,000 after acquiring an additional 1,402 shares during the last quarter. CWM LLC lifted its stake in Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after purchasing an additional 1,590 shares during the last quarter. Diversified Trust Co grew its holdings in Zuora by 6.9% during the third quarter. Diversified Trust Co now owns 41,564 shares of the company’s stock worth $358,000 after purchasing an additional 2,692 shares during the period. Principal Financial Group Inc. increased its position in Zuora by 18.6% during the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock worth $166,000 after buying an additional 2,851 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in Zuora by 12.8% in the first quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock valued at $243,000 after buying an additional 3,029 shares during the period. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Zuora Price Performance

Shares of ZUO stock opened at $9.86 on Friday. The firm’s 50 day moving average price is $8.89 and its two-hundred day moving average price is $9.27. 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 52-week low of $7.05 and a 52-week high of $10.85. The stock has a market cap of $1.44 billion, a PE ratio of -22.93 and a beta of 1.72.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. 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 12.54% and a negative net margin of 10.60%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.12) earnings per share.

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.