Zuora, Inc. (NYSE:ZUO) Insider Sells $170,826.30 in Stock

Zuora, Inc. (NYSE:ZUO - Get Free Report) insider Peter Hirsch sold 18,855 shares of the company'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 in the company, valued at approximately $174,667.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zuora Stock Performance

Shares of NYSE:ZUO traded up $0.27 during midday trading on Wednesday, reaching $9.42. 1,015,208 shares of the company's stock traded hands, compared to its average volume of 1,375,775. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -28.59 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, Inc. has a one year low of $7.05 and a one year high of $10.85. The stock has a 50 day moving average of $8.69 and a 200 day moving average of $9.20.

Zuora (NYSE:ZUO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.09. The firm had revenue of $115.40 million for the quarter, compared to the consensus estimate of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) earnings per share. As a group, equities research analysts anticipate that Zuora, Inc. will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Arizona State Retirement System lifted its holdings in Zuora by 4.0% in the second quarter. Arizona State Retirement System now owns 36,648 shares of the company's stock valued at $364,000 after acquiring an additional 1,402 shares during the period. CWM LLC lifted its holdings in Zuora by 25.0% in the second 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 period. Diversified Trust Co lifted its holdings in Zuora by 6.9% in the third quarter. Diversified Trust Co now owns 41,564 shares of the company's stock valued at $358,000 after acquiring an additional 2,692 shares during the period. Principal Financial Group Inc. lifted its holdings in Zuora by 18.6% in the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company's stock valued at $166,000 after acquiring an additional 2,851 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Zuora by 12.8% in the first quarter. ProShare Advisors LLC now owns 26,615 shares of the company's stock valued at $243,000 after acquiring an additional 3,029 shares during the period. 83.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ZUO. Craig Hallum cut Zuora from a "buy" rating to a "hold" rating and reduced their price target for the stock from $12.00 to $10.00 in a research note on Monday, July 8th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $13.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $15.00 target price on shares of Zuora in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.86.

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.

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