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

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 value of $689,205.09. Following the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $61,804.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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

Zuora Price Performance

Zuora stock opened at $9.64 on Friday. The company’s 50-day moving average price is $9.89 and its 200-day moving average price is $9.19. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.56 and a current ratio of 2.56. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $11.80.

Zuora (NYSE:ZUO) last issued 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. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. The company had revenue of $109.77 million for the quarter, compared to analysts’ expectations of $108.80 million. Analysts predict that Zuora, Inc. will post -0.16 earnings per share for the current year.

Institutional Trading of Zuora

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its stake in Zuora by 85.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 514,463 shares of the company’s stock worth $4,239,000 after buying an additional 237,548 shares during the period. Scalar Gauge Management LLC bought a new stake in shares of Zuora in the 4th quarter worth about $12,620,000. Versor Investments LP lifted its holdings in shares of Zuora by 85.2% in the 4th quarter. Versor Investments LP now owns 25,210 shares of the company’s stock worth $237,000 after acquiring an additional 11,600 shares during the last quarter. Ieq Capital LLC boosted its stake in shares of Zuora by 889.9% during the 4th quarter. Ieq Capital LLC now owns 151,656 shares of the company’s stock worth $1,426,000 after purchasing an additional 136,335 shares during the period. Finally, Bares Capital Management Inc. raised its position in Zuora by 54.4% in the 4th quarter. Bares Capital Management Inc. now owns 1,235,000 shares of the company’s stock worth $11,609,000 after purchasing an additional 435,000 shares during the period. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ZUO. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price objective on shares of Zuora in a research report on Thursday, May 23rd. Robert W. Baird boosted 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. Jefferies Financial Group increased their price objective on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Lake Street Capital lifted their target price on Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of Zuora in a research note on Thursday, June 27th. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

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.