Zuora, Inc. (NYSE:ZUO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Zuora, Inc. (NYSE:ZUO) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.43.

A number of analysts have recently issued reports on the stock. Needham & Company LLC restated a “hold” rating and set a $15.00 price target on shares of Zuora in a report on Monday, October 21st. Lake Street Capital reissued a “hold” rating and set a $10.00 target price on shares of Zuora in a research note on Friday, October 18th.

Insider Transactions at Zuora

In other Zuora news, insider Peter Hirsch sold 18,855 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the sale, the insider now directly owns 19,279 shares in the company, valued at $174,667.74. This represents a 49.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd Mcelhatton sold 50,373 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $500,203.89. Following the completion of the transaction, the chief financial officer now owns 404,634 shares of the company’s stock, valued at approximately $4,018,015.62. This trade represents a 11.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 207,254 shares of company stock worth $2,041,628 over the last ninety days. Company insiders own 8.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its position in Zuora by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 193,923 shares of the company’s stock valued at $1,926,000 after purchasing an additional 8,407 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Zuora by 4.0% during the second quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock worth $364,000 after buying an additional 1,402 shares during the period. Mutual of America Capital Management LLC raised its holdings in Zuora by 18.0% in the second quarter. Mutual of America Capital Management LLC now owns 746,117 shares of the company’s stock valued at $7,409,000 after acquiring an additional 113,597 shares in the last quarter. XTX Topco Ltd purchased a new position in Zuora in the second quarter worth approximately $225,000. Finally, Canada Pension Plan Investment Board acquired a new position in Zuora during the 2nd quarter worth approximately $85,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Zuora Price Performance

Zuora stock opened at $9.95 on Friday. 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 market cap of $1.53 billion, a P/E ratio of -20.31 and a beta of 1.67. The company has a 50-day moving average price of $9.92 and a 200 day moving average price of $9.33. Zuora has a 12-month low of $7.70 and a 12-month high of $10.85.

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.