Todd Mcelhatton Sells 51,879 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 51,879 shares of Zuora 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 approximately $2,976,337.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Todd Mcelhatton also recently made the following trade(s):

• On Wednesday, July 10th, Todd Mcelhatton sold 10,000 shares of Zuora stock. The shares were sold at an average price of $8.72, for a total value of $87,200.00.

Zuora Trading Up 1.9 %

ZUO opened at $8.61 on Friday. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $10.85. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -20.02 and a beta of 1.72. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a 50 day simple moving average of $8.68 and a 200 day simple moving average of $9.21.

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

Hedge Funds Weigh In On Zuora

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zuora in the 2nd quarter valued at about $44,000. CWM LLC increased its stake 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 purchasing an additional 1,590 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Zuora in the second quarter worth $85,000. Quent Capital LLC bought a new position in shares of Zuora during the first quarter worth $83,000. Finally, Williams Financial LLC acquired a new position in shares of Zuora in the 2nd quarter valued at $119,000. Institutional investors own 83.02% of the company’s stock.

Analysts Set New Price Targets

ZUO has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Zuora in a report on Thursday, August 22nd. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and decreased their price target for the company from $12.00 to $10.00 in a research note on Monday, July 8th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.86.

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.