Zuora, Inc. (NYSE:ZUO) Receives Average Recommendation of "Hold" from Brokerages

Zuora, Inc. (NYSE:ZUO - Get Free Report) has received an average rating of "Hold" from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.43.

Several analysts recently weighed in on ZUO shares. Lake Street Capital restated a "hold" rating and issued a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Needham & Company LLC reaffirmed a "hold" rating and issued a $15.00 price target on shares of Zuora in a research report on Monday, October 21st. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd.

Insider Buying and Selling at Zuora

In other news, insider Andrew M. Cohen sold 20,773 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares of the company's stock, valued at $1,434,755.22. This trade represents a 10.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tien Tzuo sold 63,873 shares of the company's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $532,700.82. Following the transaction, the chief executive officer now directly owns 63,312 shares in the company, valued at $528,022.08. This represents a 50.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,081 shares of company stock worth $1,857,391 over the last three months. Corporate insiders own 8.62% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Zuora by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 67,806 shares of the company's stock valued at $619,000 after buying an additional 4,760 shares during the last quarter. CWM LLC increased its holdings in shares of 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 purchasing an additional 1,590 shares during the period. Diversified Trust Co raised its stake in shares of Zuora by 9.2% in the second quarter. Diversified Trust Co now owns 38,872 shares of the company's stock worth $386,000 after purchasing an additional 3,260 shares during the last quarter. Samson Rock Capital LLP purchased a new position in shares of Zuora in the second quarter worth about $1,638,000. Finally, Williams Financial LLC acquired a new stake in shares of Zuora during the second quarter worth about $119,000. Institutional investors and hedge funds own 83.02% of the company's stock.

Zuora Stock Down 0.3 %

NYSE ZUO traded down $0.03 on Monday, reaching $9.95. 972,826 shares of the stock traded hands, compared to its average volume of 1,826,695. Zuora has a 12 month low of $7.70 and a 12 month high of $10.85. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -31.19 and a beta of 1.66. The company has a fifty day moving average price of $9.61 and a 200-day moving average price of $9.29. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77.

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.