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

Zuora, Inc. (NYSE:ZUO) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $11.86.

A number of equities research analysts have recently commented on ZUO shares. Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and dropped their target price for the company from $12.00 to $10.00 in a research report on Monday, July 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Lake Street Capital lifted their price target on shares of Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Jefferies Financial Group upped their price objective on shares of Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird boosted their target price on shares of Zuora from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th.

Insider Activity at Zuora

In other news, insider Andrew M. Cohen sold 3,861 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $8.71, for a total transaction of $33,629.31. Following the transaction, the insider now directly owns 148,640 shares in the company, valued at approximately $1,294,654.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Andrew M. Cohen sold 3,861 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $8.71, for a total value of $33,629.31. Following the sale, the insider now directly owns 148,640 shares of the company’s stock, valued at approximately $1,294,654.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tien Tzuo sold 70,833 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $9.73, for a total value of $689,205.09. Following the completion of the sale, the chief executive officer now owns 6,352 shares in the company, valued at approximately $61,804.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 372,666 shares of company stock valued at $3,408,961. Corporate insiders own 8.62% of the company’s stock.

Institutional Trading of Zuora

A number of institutional investors have recently bought and sold shares of ZUO. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zuora in the 2nd quarter valued at about $44,000. CWM LLC increased its stake in Zuora by 25.0% in the second 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. Quent Capital LLC purchased a new position in Zuora in the first quarter valued at approximately $83,000. Canada Pension Plan Investment Board acquired a new stake in Zuora during the second quarter worth approximately $85,000. Finally, Williams Financial LLC purchased a new stake in shares of Zuora during the 2nd quarter worth approximately $119,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

Zuora Stock Down 1.3 %

Zuora stock opened at $8.79 on Friday. Zuora has a 52 week low of $7.05 and a 52 week high of $10.85. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -20.44 and a beta of 1.71. The business’s 50-day moving average price is $9.02 and its 200 day moving average price is $9.20. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 2.60.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.09. Zuora had a negative net margin of 10.60% and a negative return on equity of 13.94%. The firm had revenue of $115.40 million during the quarter, compared to analyst estimates of $112.63 million. During the same period in the previous year, the firm earned ($0.12) EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Zuora will post -0.06 earnings per share for the current year.

About Zuora

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.