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

Shares of Zuora, Inc. (NYSE:ZUO) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $11.86.

ZUO has been the subject of several research analyst reports. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and cut their target price for the company from $12.00 to $10.00 in a research note on Monday. Jefferies Financial Group increased their target price on Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Zuora in a report on Thursday, June 27th. Lake Street Capital boosted 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. Finally, Robert W. Baird increased their price target on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th.

Insider Buying and Selling at Zuora

In other news, CRO Robert J. Traube sold 11,294 shares of Zuora stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total transaction of $112,940.00. Following the completion of the sale, the executive now owns 17,547 shares in the company, valued at approximately $175,470. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Zuora news, CEO Tien Tzuo sold 114,825 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $9.05, for a total value of $1,039,166.25. Following the transaction, the chief executive officer now owns 6,352 shares of the company’s stock, valued at $57,485.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Robert J. Traube sold 11,294 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $112,940.00. Following the transaction, the executive now owns 17,547 shares of the company’s stock, valued at $175,470. The disclosure for this sale can be found here. In the last three months, insiders have sold 449,469 shares of company stock worth $4,232,530. Company insiders own 8.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZUO. Vanguard Group Inc. increased its holdings in shares of Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock worth $157,434,000 after acquiring an additional 917,565 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Zuora by 13.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock valued at $35,156,000 after purchasing an additional 429,705 shares during the period. Bares Capital Management Inc. increased its stake in Zuora by 41.4% during the 1st quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after purchasing an additional 511,292 shares in the last quarter. Scalar Gauge Management LLC acquired a new stake in Zuora during the 4th quarter worth approximately $12,620,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Zuora by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,147,650 shares of the company’s stock valued at $10,788,000 after buying an additional 38,133 shares in the last quarter. Institutional investors own 83.02% of the company’s stock.

Zuora Trading Up 2.6 %

Shares of ZUO stock opened at $8.98 on Friday. The business’s 50 day moving average is $9.79 and its two-hundred day moving average is $9.19. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 2.60. Zuora has a 12 month low of $7.05 and a 12 month high of $11.80. The company has a market cap of $1.31 billion, a PE ratio of -20.88 and a beta of 1.71.

Zuora (NYSE:ZUO) last announced its earnings results on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.09. The firm had revenue of $109.77 million during the quarter, compared to the consensus estimate of $108.80 million. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. Equities analysts predict that Zuora will post -0.16 EPS for the current 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.