Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo Sells 70,833 Shares

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 70,833 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $9.73, for a total transaction of $689,205.09. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $61,804.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, April 17th, Tien Tzuo sold 239,198 shares of Zuora stock. The shares were sold at an average price of $9.44, for a total transaction of $2,258,029.12.

Zuora Stock Performance

Zuora stock opened at $9.60 on Wednesday. The company’s 50 day simple moving average is $9.90 and its 200 day simple moving average is $9.18. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $11.80. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.56 and a quick ratio of 2.56.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.09. The business had revenue of $109.77 million for the quarter, compared to analyst estimates of $108.80 million. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. As a group, equities analysts anticipate that Zuora, Inc. will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Zuora in a research note on Thursday, May 23rd. Lake Street Capital raised their target price 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. Robert W. Baird raised their target price on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Jefferies Financial Group raised their target price on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Zuora in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.17.

Institutional Trading of Zuora

Several hedge funds have recently bought and sold shares of ZUO. Deutsche Bank AG raised its holdings in Zuora by 13.2% during the 3rd quarter. Deutsche Bank AG now owns 64,787 shares of the company’s stock worth $534,000 after buying an additional 7,536 shares during the period. Hsbc Holdings PLC raised its holdings in Zuora by 171.8% during the 3rd quarter. Hsbc Holdings PLC now owns 99,115 shares of the company’s stock worth $814,000 after buying an additional 62,643 shares during the period. Federated Hermes Inc. raised its holdings in Zuora by 6.2% during the 3rd quarter. Federated Hermes Inc. now owns 29,762 shares of the company’s stock worth $245,000 after buying an additional 1,729 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in Zuora during the 3rd quarter worth approximately $88,000. Finally, Quadrature Capital Ltd raised its holdings in Zuora by 33.5% during the 3rd quarter. Quadrature Capital Ltd now owns 45,031 shares of the company’s stock worth $371,000 after buying an additional 11,290 shares during the period. 83.02% of the stock is currently owned by institutional investors and hedge funds.

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.