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

Zuora, Inc. (NYSE:ZUO) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.86.

Several brokerages have recently issued reports on ZUO. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Zuora in a report on Thursday, August 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Robert W. Baird increased their price target 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. Finally, Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and decreased their price target for the stock from $12.00 to $10.00 in a research note on Monday, July 8th.

Insiders Place Their Bets

In other Zuora news, CEO Tien Tzuo sold 114,825 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $9.05, for a total transaction of $1,039,166.25. Following the completion of the transaction, the chief executive officer now owns 6,352 shares in the company, valued at approximately $57,485.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Peter Hirsch sold 58,267 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.06, for a total value of $527,899.02. Following the completion of the sale, the insider now owns 14,566 shares in the company, valued at $131,967.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tien Tzuo sold 114,825 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $9.05, for a total transaction of $1,039,166.25. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $57,485.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 372,666 shares of company stock worth $3,408,961. 8.62% of the stock is owned by insiders.

Institutional Investors Weigh In On Zuora

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zuora in the 2nd quarter valued at approximately $44,000. CWM LLC increased its position in shares of 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 buying an additional 1,590 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Zuora during the 1st quarter worth $83,000. Canada Pension Plan Investment Board purchased a new stake in shares of Zuora in the 2nd quarter worth about $85,000. Finally, Williams Financial LLC acquired a new stake in Zuora in the 2nd quarter valued at about $119,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Zuora Trading Up 0.1 %

Shares of Zuora stock opened at $8.65 on Wednesday. The company has a fifty day simple moving average of $8.81 and a 200-day simple moving average of $9.24. Zuora has a 12-month low of $7.05 and a 12-month high of $10.85. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -20.12 and a beta of 1.72.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) 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 12.54%. The business had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $112.63 million. During the same quarter in the prior year, the business posted ($0.12) EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts forecast that Zuora will post -0.06 EPS for the current fiscal year.

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.