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

Shares of Zuora, Inc. (NYSE:ZUO - Get Free Report) have been assigned an average recommendation of "Hold" from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.43.

Several research firms recently issued reports on ZUO. Lake Street Capital reissued a "hold" rating and set a $10.00 price target on shares of Zuora in a research report on Friday, October 18th. Needham & Company LLC reissued a "hold" rating and set a $15.00 target price on shares of Zuora in a report on Monday, October 21st.

Zuora Stock Up 0.2 %

NYSE ZUO traded up $0.02 on Friday, hitting $9.94. 1,082,305 shares of the stock traded hands, compared to its average volume of 2,627,853. The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.00. The stock has a 50-day moving average of $9.92 and a 200 day moving average of $9.31. Zuora has a twelve month low of $7.70 and a twelve month high of $10.85. The company has a market capitalization of $1.53 billion, a P/E ratio of -20.29 and a beta of 1.66.

Insider Activity

In related news, CAO Matthew R. Dobson sold 2,908 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $28,876.44. Following the sale, the chief accounting officer now directly owns 83,958 shares in the company, valued at $833,702.94. This trade represents a 3.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Hirsch sold 18,855 shares of the business'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 transaction, the insider now owns 19,279 shares of the company's stock, valued at $174,667.74. This trade represents a 49.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 207,254 shares of company stock valued at $2,041,628. 8.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zuora

A number of hedge funds and other institutional investors have recently modified their holdings of ZUO. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zuora during the 2nd quarter valued at about $44,000. Quarry LP boosted its holdings in shares of Zuora by 504.9% in the third quarter. Quarry LP now owns 6,164 shares of the company's stock valued at $53,000 after acquiring an additional 5,145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Zuora during the third quarter valued at approximately $63,000. Castleview Partners LLC bought a new stake in Zuora during the third quarter worth approximately $79,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Zuora in the second quarter worth approximately $85,000. 83.02% of the stock is currently owned by institutional investors.

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.