Zuora, Inc. (NYSE:ZUO) Given Average Recommendation of “Moderate Buy” by Brokerages

Zuora, Inc. (NYSE:ZUO) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.38.

A number of equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of Zuora in a report on Wednesday, August 30th. Lake Street Capital lifted their price objective on Zuora from $11.00 to $12.00 in a report on Thursday, May 25th. Robert W. Baird initiated coverage on Zuora in a report on Wednesday, July 12th. They issued a “neutral” rating and a $12.00 target price for the company. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price objective on shares of Zuora in a research note on Thursday, August 24th.

Zuora Stock Down 0.8 %

Shares of Zuora stock opened at $8.69 on Tuesday. Zuora has a 12-month low of $5.45 and a 12-month high of $12.12. The stock has a market capitalization of $1.19 billion, a P/E ratio of -10.60 and a beta of 1.83. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.90. The stock has a 50 day moving average price of $10.05 and a two-hundred day moving average price of $9.73.

Zuora (NYSE:ZUO) last posted its quarterly earnings data on Wednesday, August 23rd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Zuora had a negative return on equity of 71.64% and a negative net margin of 26.67%. The business had revenue of $108.05 million for the quarter, compared to analyst estimates of $108.81 million. During the same period in the previous year, the company posted ($0.25) earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts expect that Zuora will post -0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Andrew M. Cohen sold 11,611 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $10.08, for a total value of $117,038.88. Following the completion of the transaction, the insider now owns 75,920 shares of the company’s stock, valued at $765,273.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Zuora news, CFO Todd Mcelhatton sold 38,323 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $10.08, for a total value of $386,295.84. Following the completion of the sale, the chief financial officer now owns 177,875 shares in the company, valued at $1,792,980. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew M. Cohen sold 11,611 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $10.08, for a total transaction of $117,038.88. Following the transaction, the insider now owns 75,920 shares in the company, valued at $765,273.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 203,281 shares of company stock worth $2,021,545. 9.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zuora

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quilter Plc bought a new stake in shares of Zuora during the 1st quarter valued at $1,986,000,000. Quarry LP bought a new position in Zuora in the 2nd quarter valued at about $26,000. Nisa Investment Advisors LLC raised its position in shares of Zuora by 8,200.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the company’s stock valued at $33,000 after buying an additional 3,280 shares in the last quarter. Castleview Partners LLC bought a new stake in shares of Zuora during the 2nd quarter worth approximately $37,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Zuora during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Zuora Company Profile

Zuora, Inc, together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora platform that acts as an orchestration engine that allows customers quote-to-cash and revenue operations; and Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions.