Zuora, Inc. (NYSE:ZUO) Insider Sells $170,826.30 in Stock

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 18,855 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the completion of the sale, the insider now owns 19,279 shares of the company’s stock, valued at approximately $174,667.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Zuora Price Performance

Shares of NYSE:ZUO traded up $0.27 during trading on Wednesday, hitting $9.42. 1,015,208 shares of the company’s stock were exchanged, compared to its average volume of 1,375,775. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $10.85. The business’s 50-day simple moving average is $8.69 and its 200 day simple moving average is $9.20. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -28.59 and a beta of 1.72.

Zuora (NYSE:ZUO) last released its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 return on equity of 12.54% and a negative net margin of 10.60%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. As a group, equities analysts predict that Zuora, Inc. will post -0.06 EPS for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Zuora

Several institutional investors have recently added to or reduced their stakes in ZUO. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zuora during the 2nd quarter valued at approximately $44,000. CWM LLC lifted its stake in shares of Zuora by 25.0% in the 2nd 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 last quarter. Quent Capital LLC bought a new stake in shares of Zuora in the 1st quarter valued at approximately $83,000. Canada Pension Plan Investment Board bought a new stake in shares of Zuora in the 2nd quarter valued at approximately $85,000. Finally, Williams Financial LLC bought a new stake in shares of Zuora in the 2nd quarter valued at approximately $119,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

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.