Zuora, Inc. (NYSE:ZUO) Receives $11.43 Average Price Target from Analysts

Zuora, Inc. (NYSE:ZUO) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Five investment 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 covered the stock in the last year is $11.43.

A number of research analysts have recently weighed in on the company. Craig Hallum lowered 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 report on Monday, July 8th. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Zuora in a report on Thursday, August 22nd. Lake Street Capital restated a “hold” rating and issued a $10.00 target price on shares of Zuora in a report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating and set a $15.00 price target on shares of Zuora in a research report on Monday.

Zuora Stock Down 0.1 %

Shares of NYSE:ZUO opened at $9.87 on Friday. The business’s 50 day simple moving average is $8.85 and its two-hundred day simple moving average is $9.25. The firm has a market cap of $1.50 billion, a P/E ratio of -30.84 and a beta of 1.72. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. Zuora has a 52-week low of $7.05 and a 52-week high of $10.85.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. During the same quarter last year, the company earned ($0.12) earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis.

Insider Activity at Zuora

In other Zuora news, insider Andrew M. Cohen sold 20,773 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the sale, the insider now directly owns 172,033 shares of the company’s stock, valued at $1,434,755.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Zuora news, insider Andrew M. Cohen sold 20,773 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the sale, the insider now directly owns 172,033 shares of the company’s stock, valued at $1,434,755.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Hirsch sold 18,855 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 19,279 shares of the company’s stock, valued at $174,667.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 221,081 shares of company stock valued at $1,857,391. 8.62% of the stock is owned by insiders.

Institutional Trading of Zuora

Large investors have recently bought and sold shares of the company. BDF Gestion purchased a new stake in Zuora in the second quarter worth $3,426,000. Divisar Capital Management LLC purchased a new position in shares of Zuora in the second quarter valued at $4,575,000. Capstone Investment Advisors LLC purchased a new position in shares of Zuora in the first quarter valued at $736,000. Quent Capital LLC purchased a new position in shares of Zuora in the first quarter valued at $83,000. Finally, Scalar Gauge Management LLC grew its position in shares of Zuora by 35.4% in the second quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock valued at $50,556,000 after purchasing an additional 1,332,343 shares in the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

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.