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

Shares of Zuora, Inc. (NYSE:ZUO) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.43.

Several analysts have recently commented on ZUO shares. Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Lake Street Capital restated a “hold” rating and issued a $10.00 target price on shares of Zuora in a research note on Friday, October 18th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Zuora in a research note on Thursday, August 22nd.

Insider Buying and Selling at Zuora

In other Zuora news, insider Peter Hirsch sold 18,855 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the completion of the transaction, the insider now owns 19,279 shares of the company’s stock, valued at $174,667.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Todd Mcelhatton sold 51,879 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $432,670.86. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Hirsch sold 18,855 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the sale, the insider now owns 19,279 shares in the company, valued at approximately $174,667.74. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,081 shares of company stock valued at $1,857,391 in the last quarter. Corporate insiders own 8.62% of the company’s stock.

Institutional Investors Weigh In On Zuora

A number of large investors have recently bought and sold shares of ZUO. Point72 Asia Singapore Pte. Ltd. bought a new position in Zuora in the 2nd quarter valued at $44,000. CWM LLC boosted its position 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 buying an additional 1,590 shares during the last quarter. Castleview Partners LLC bought a new position in Zuora in the 3rd quarter valued at $79,000. Canada Pension Plan Investment Board bought a new position in shares of Zuora in the 2nd quarter worth $85,000. Finally, Palumbo Wealth Management LLC boosted its position in shares of Zuora by 11.7% in the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock worth $99,000 after purchasing an additional 1,210 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors.

Zuora Stock Performance

Shares of NYSE ZUO opened at $9.90 on Thursday. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -30.94 and a beta of 1.70. The stock’s fifty day simple moving average is $9.16 and its 200 day simple moving average is $9.33. Zuora has a 52-week low of $7.70 and a 52-week high of $10.85.

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 business 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 quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) EPS.

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.