Zuora, Inc. (NYSE:ZUO) Receives $11.43 Consensus PT from Analysts

Zuora, Inc. (NYSE:ZUO - Get Free Report) has earned a consensus recommendation of "Hold" from the seven research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $11.43.

Several research firms have recently commented on ZUO. Canaccord Genuity Group reissued a "buy" rating and set a $13.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Lake Street Capital reiterated a "hold" rating and issued a $10.00 price objective on shares of Zuora in a research report on Friday, October 18th. Finally, 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.

Insiders Place Their Bets

In related news, insider Peter Hirsch sold 18,855 shares of Zuora stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the sale, the insider now directly owns 19,279 shares of the company's stock, valued at $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 is available at this link. In other news, CFO Todd Mcelhatton sold 51,879 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $432,670.86. Following the completion of the transaction, the chief financial officer now owns 356,875 shares of the company's stock, valued at $2,976,337.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Hirsch sold 18,855 shares of the firm'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 sale, the insider now directly owns 19,279 shares in the company, valued at $174,667.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,081 shares of company stock valued at $1,857,391. Company insiders own 8.62% of the company's stock.

Institutional Investors Weigh In On Zuora

Several large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zuora in the 2nd quarter worth $44,000. CWM LLC boosted its position in shares of Zuora by 25.0% during the second quarter. CWM LLC now owns 7,945 shares of the company's stock worth $79,000 after buying an additional 1,590 shares during the period. Castleview Partners LLC bought a new position in shares of Zuora during the third quarter worth about $79,000. Canada Pension Plan Investment Board acquired a new stake in Zuora in the 2nd quarter valued at approximately $85,000. Finally, Palumbo Wealth Management LLC lifted its stake in Zuora by 11.7% in the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company's stock valued at $99,000 after acquiring an additional 1,210 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors.

Zuora Stock Performance

Shares of NYSE ZUO remained flat at $9.90 during mid-day trading on Thursday. 934,851 shares of the stock traded hands, compared to its average volume of 1,774,630. The firm has a market cap of $1.50 billion, a P/E ratio of -30.94 and a beta of 1.70. 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 12 month low of $7.70 and a 12 month high of $10.85. The firm's fifty day moving average price is $9.19 and its two-hundred day moving average price is $9.33.

Zuora (NYSE:ZUO - Get Free Report) last issued its quarterly earnings data 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 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 business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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.