Zuora, Inc. (NYSE:ZUO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Zuora, Inc. (NYSE:ZUO) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $11.86.

A number of equities analysts have issued reports on ZUO shares. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and cut their target price for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. Jefferies Financial Group boosted their price objective on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Robert W. Baird boosted their price objective on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Finally, Lake Street Capital upped their price target on shares of Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd.

Insider Activity

In other news, insider Andrew M. Cohen sold 3,861 shares of the company’s stock in a transaction 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 directly 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 is available through the SEC website. In other news, insider Andrew M. Cohen sold 3,861 shares of the company’s stock in a transaction 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 directly 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 is available through the SEC website. Also, CFO Todd Mcelhatton sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the completion of the transaction, the chief financial officer now owns 310,622 shares of the company’s stock, valued at $2,708,623.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 372,666 shares of company stock worth $3,408,961. 8.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ZUO. Point72 Asia Singapore Pte. Ltd. bought a new position in Zuora during the 2nd quarter valued at $44,000. CWM LLC boosted its stake in Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after acquiring an additional 1,590 shares during the last quarter. Quent Capital LLC bought a new position in Zuora during the 1st quarter valued at $83,000. Canada Pension Plan Investment Board bought a new position in Zuora during the 2nd quarter valued at $85,000. Finally, Williams Financial LLC bought a new position in Zuora during the 2nd quarter valued at $119,000. 83.02% of the stock is currently owned by institutional investors.

Zuora Stock Performance

Shares of ZUO opened at $8.58 on Friday. 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 $1.25 billion, a P/E ratio of -19.94 and a beta of 1.72. The company has a 50-day moving average of $8.98 and a two-hundred day moving average of $9.21. Zuora has a 12-month low of $7.05 and a 12-month high of $10.85.

Zuora (NYSE:ZUO) last announced its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. The company had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $112.63 million. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.12) earnings per share. As a group, research analysts predict that Zuora will post -0.06 EPS for the current fiscal year.

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.