Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo Sells 239,198 Shares

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 239,198 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $9.44, for a total value of $2,258,029.12. Following the sale, the chief executive officer now owns 6,352 shares in the company, valued at $59,962.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tien Tzuo also recently made the following trade(s):

• On Monday, April 1st, Tien Tzuo sold 81,635 shares of Zuora stock. The stock was sold at an average price of $8.87, for a total transaction of $724,102.45.
• On Monday, January 22nd, Tien Tzuo sold 6,909 shares of Zuora stock. The shares were sold at an average price of $9.00, for a total transaction of $62,181.00.

Zuora Stock Performance

Shares of ZUO opened at $9.25 on Friday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69. The firm’s fifty day simple moving average is $8.69 and its two-hundred day simple moving average is $8.52. Zuora, Inc. has a 12 month low of $7.05 and a 12 month high of $12.12. The stock has a market capitalization of $1.35 billion, a P/E ratio of -19.27 and a beta of 1.90.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. The company had revenue of $110.67 million for the quarter, compared to the consensus estimate of $110.80 million. As a group, analysts predict that Zuora, Inc. will post -0.15 EPS for the current year.

Hedge Funds Weigh In On Zuora

A number of institutional investors and hedge funds have recently modified their holdings of ZUO. Allspring Global Investments Holdings LLC acquired a new position in shares of Zuora during the 3rd quarter valued at $25,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Zuora during the third quarter valued at about $25,000. Quarry LP acquired a new position in shares of Zuora during the second quarter valued at about $26,000. Castleview Partners LLC bought a new position in shares of Zuora during the 2nd quarter worth about $37,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Zuora by 94.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,124 shares of the company’s stock valued at $56,000 after buying an additional 2,495 shares during the period. 83.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ZUO shares. Canaccord Genuity Group reduced their price objective on shares of Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Zuora in a research report on Thursday, February 29th. Robert W. Baird lowered their price objective on Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group upgraded Zuora from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd.

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.