Zuora, Inc. (NYSE:ZUO) Receives $11.43 Consensus Price Target from Brokerages

Zuora, Inc. (NYSE:ZUO - Get Free Report) has been given a consensus recommendation of "Hold" by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $11.43.

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

Insider Activity

In other news, 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 transaction of $532,700.82. Following the completion of the transaction, the chief executive officer now owns 63,312 shares in the company, valued at approximately $528,022.08. This represents a 50.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares in the company, valued at approximately $1,434,755.22. This represents a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 221,081 shares of company stock worth $1,857,391. 8.62% of the stock is currently owned by insiders.

Institutional Trading of Zuora

Large investors have recently added to or reduced their stakes in the business. Scalar Gauge Management LLC lifted its holdings in shares of Zuora by 27.4% in the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company's stock valued at $55,897,000 after buying an additional 1,393,327 shares during the period. Vanguard Group Inc. raised its stake in Zuora by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company's stock valued at $157,434,000 after purchasing an additional 917,565 shares during the period. Bares Capital Management Inc. lifted its holdings in shares of Zuora by 41.4% in the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company's stock valued at $15,926,000 after purchasing an additional 511,292 shares in the last quarter. Solel Partners LP raised its position in Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company's stock valued at $40,299,000 after buying an additional 483,445 shares during the period. Finally, Divisar Capital Management LLC purchased a new stake in Zuora in the 2nd quarter worth about $4,575,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Zuora Price Performance

NYSE:ZUO remained flat at $9.91 during trading hours on Thursday. The company's stock had a trading volume of 2,447,657 shares, compared to its average volume of 1,781,599. 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 has a one year low of $7.70 and a one year high of $10.85. The stock has a fifty day moving average price of $9.19 and a 200 day moving average price of $9.33. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -30.94 and a beta of 1.70.

Zuora (NYSE:ZUO - Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. The firm 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 business's revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.12) EPS.

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.