Zuora (NYSE:ZUO) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Zuora (NYSE:ZUO) released its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.09, Briefing.com reports. Zuora had a negative net margin of 14.28% and a negative return on equity of 30.17%. The firm had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $112.63 million. During the same period last year, the business earned ($0.12) earnings per share. Zuora’s revenue was up 6.8% compared to the same quarter last year.

Zuora Trading Down 0.1 %

NYSE ZUO opened at $8.49 on Friday. The firm has a 50 day simple moving average of $9.08 and a 200-day simple moving average of $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 has a one year low of $7.05 and a one year high of $10.85. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -19.74 and a beta of 1.71.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Zuora in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Zuora in a research note on Thursday. Jefferies Financial Group increased their target price on shares of Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Finally, Lake Street Capital increased their target price on shares of Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.86.

Insider Activity

In other news, insider Andrew M. Cohen sold 3,861 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $8.71, for a total value of $33,629.31. Following the completion of the transaction, the insider now owns 148,640 shares of the company’s stock, valued at $1,294,654.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Andrew M. Cohen sold 3,861 shares of Zuora stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $8.71, for a total value of $33,629.31. Following the completion of the transaction, the insider now owns 148,640 shares in the company, valued at $1,294,654.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tien Tzuo sold 70,833 shares of Zuora stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $9.73, for a total transaction of $689,205.09. Following the completion of the transaction, the chief executive officer now owns 6,352 shares of the company’s stock, valued at approximately $61,804.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 372,666 shares of company stock valued at $3,408,961. 8.62% of the stock is currently owned by company insiders.

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.