Zuora, Inc. (NYSE:ZUO) Receives Average Recommendation of “Buy” from Analysts

Shares of Zuora, Inc. (NYSE:ZUO – Get Rating) have been assigned an average recommendation of “Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.50.

ZUO has been the topic of a number of research analyst reports. Canaccord Genuity Group cut their price objective on shares of Zuora from $27.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Zacks Investment Research raised shares of Zuora from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th.

In other Zuora news, CEO Tien Tzuo sold 10,000 shares of the stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd Mcelhatton sold 9,962 shares of the stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $14.63, for a total transaction of $145,744.06. Following the completion of the sale, the chief financial officer now owns 63,063 shares of the company’s stock, valued at approximately $922,611.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,206 shares of company stock worth $830,044. 12.58% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Zuora by 66.5% during the 1st quarter. Renaissance Technologies LLC now owns 380,100 shares of the company’s stock worth $5,694,000 after purchasing an additional 151,800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Zuora by 12.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 910,472 shares of the company’s stock worth $13,639,000 after buying an additional 101,743 shares during the period. Mariner LLC bought a new position in Zuora in the 1st quarter worth approximately $1,313,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Zuora during the 1st quarter worth $2,585,000. Finally, First Trust Advisors LP lifted its holdings in shares of Zuora by 1,567.1% during the 1st quarter. First Trust Advisors LP now owns 2,204,905 shares of the company’s stock worth $33,029,000 after acquiring an additional 2,072,643 shares during the last quarter. Institutional investors own 83.85% of the company’s stock.

Shares of ZUO opened at $10.78 on Friday. The stock has a market capitalization of $1.38 billion, a P/E ratio of -13.48 and a beta of 2.12. The firm’s fifty day simple moving average is $13.38 and its two-hundred day simple moving average is $16.53. Zuora has a 12 month low of $9.48 and a 12 month high of $23.25.

Zuora (NYSE:ZUO – Get Rating) last issued its quarterly earnings results on Wednesday, March 2nd. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.02). The firm had revenue of $90.69 million for the quarter, compared to the consensus estimate of $90.28 million. Zuora had a negative net margin of 28.67% and a negative return on equity of 47.82%. During the same period last year, the company posted ($0.15) EPS. As a group, research analysts forecast that Zuora will post -0.77 EPS for the current fiscal year.

About Zuora (Get Rating)

Zuora, Inc, together with its subsidiaries, 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 orchestration engine that allows customers quote-to-revenue operations.

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